Probate Attorney in Troy, OH
xperienced Troy, OH Probate Lawyers
Probate in Ohio is a court-supervised legal process that may be required after someone dies. The purpose of probate is to ensure the decedent’s debts and taxes are paid and that his or her assets are transferred to the rightful beneficiaries. Usually, only the assets owned by the decedent in his or her name alone are subject to probate. Probate can take a considerable amount of time, can be expensive, and is a public process, therefore, many people seek to avoid it by using a trust when planning their estate. Because probate can be complex and confusing, it can be beneficial to speak to an experienced Troy probate attorney from Lovett & House.
Troy, OH is a town with a population of about 26,000 in Miami County and is the county seat as well. Located 19 miles north of Dayton, Troy boasts a thriving historical downtown and a strong sense of community. Green spaces abound in Troy, with a variety of parks and hiking paths throughout the town. Established in 1808, Troy grew quickly, due to its location on the Great Miami River and the railway. From 1840, the population of Troy grew quickly, doubling over the next six years. Three flour mills, five sawmills, one iron foundry, one machine shop, two newspaper offices, a shingle factory, a plow factory, and six churches were quickly added to Troy’s thriving town.
Troy was a center for agricultural trade, as crops could be shipped to market via the Miami and Erie Canal as well as the railroads. By 1886, the Troy Buggy Works was the community’s largest employer; two more newspaper offices, four more churches, and two banks had been added to the community. Today, many residents are employed not only in Troy but also in Dayton and Springfield, including at the Wright-Patterson Air Force base. Troy is known for its annual Strawberry Festival when the city sees an influx of as many as 100,000 visitors.
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George and his crew provide the best in customer service and have an outstanding work ethic. They have always been there to help us when needed!- Mark S.
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Bill was very friendly, knowledgeable, and kind. He made Estate Planning fun, fast and easy. We both feel relief to know our wishes are spelled out and our assets are protected!- Sherry C.
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He explained each step 100 percent. He takes the time to talk WITH you, not TO you. I am so thankful I went to his seminar and took advantage of the free consultation.- Rosa S.
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George Lovett made our estate planning easy to understand and informative. He used our personal information to create a plan that was tailor-made to us.- Pamela O.
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George Lovett has helped my family tremendously. He always explained our options and took care of us with the utmost professionalism.- Marlene W.
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They made it easy to update our estate planning needs. All our questions were answered in easy to understand language and we didn't feel overwhelmed.- Rita S.
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he Estate Trust planning was easy to do with the Lovett & House. George H. Lovett and William H. House were very knowledgeable and helpful.- Judith A.
Does Ohio Offer a Simplified Probate?
The state of Ohio does offer a simplified (and less expensive) probate process under certain conditions, including:
- When state law or the decedent’s will states that the surviving spouse inherits the entire probate property and that property is not worth more than $100,000 or
- When the entire estate is not worth more than $35,000
When the simplified probate process is used, which is known as a “Relief from Administration,” the entire probate should take only 2-4 months. Estates that are worth less than $5,000 or the amount of the funeral expenses may be resolved with an even shorter probate procedure called “Summary Release from Administration.” Speaking to a knowledgeable Troy probate attorney can help you determine how the estate will be probated.
Who Handles Probate?
If the decedent left a will and named an executor, then that person is responsible for taking charge of the estate and handling the probate. If there is no will, the probate court will appoint an administrator, with the surviving spouse as the first priority to be appointed. The executor or administrator will:
- Prove that the will is valid
- Gather, inventory, and safeguard the assets of the decedent
- Have assets appraised
- Pay all outstanding taxes
- Pay any outstanding debts
- Distribute the remaining property as directed by the will or state law
How an Experienced Troy Probate Attorney from Lovett & House Can Help with Probate
At Lovett & House, our Troy probate attorneys understand that this is a time of grief and pain for you and your family members. This is not a time when you want to deal with the practical tasks of the decedent’s probate estate, as these duties and obligations can be overwhelming at this particular time. Even a small, relatively straightforward estate requires a great deal of time to handle all the required documents and tasks. We are here to help you through the probate process in Troy and in our other local offices.
If you have questions about the probate process, contact a Troy probate attorney from Lovett & House Co., LPA.