Best Business Attorneys in Lima, OH

Probate fees are charged on the basis of time, expertise and value of the estate. The Probate Court must approve all fees, which typically are considerably less than the cost of a funeral. If a full administration is needed, a standard estimation of 2% of the value of the property is normally reliable.

The law provides certain periods of time for things to occur, such as a creditor submitting a claim. However, with the consent of all the beneficiaries, the process can be shortened and most estates can be closed within six months. If there is a surviving spouse, very often the process can be shortened even more. Likewise, the fees are considerably less because the time commitment is reduced.

It may be possible to settle a claim without filing a lawsuit. If a lawsuit is necessary, negotiations will continue to settle the claim so that every effort is made to not have a trial.

Each situation is different, but some things to consider are the possibility of your property being in jeopardy from an unstable situation with your children's marriage, credit, health, and/or ability to pay any unexpected debt.

To be a legitimate corporation you must act within the corporate structure and follow corporate rules. These consume a little more time than a sole proprietorship, but normally it is not overly burdensome.