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In Ohio, an estate does not require full administration if the value of the Probate Assets is:
These smaller estates may qualify for what is formally called Relief from Administration, and casually called a “Release of Assets.” In states other than Ohio, you might hear the term "Small Estate Affidavit." While this is not exactly the same as a Release of Assets, it serves a similar function.
There are different types of Releases, depending on the value of the assets to be released and to whom the property is going.
A Summary Release from Administration can be used:
A Summary Release is generally heard by the court and granted immediately.
A regular Release of Assets can be used:
Depending on the circumstances, a regular Release of Assets may be set for hearing at some date after it is filed with the court, or it may be immediately heard and granted.
If you need help in determining if you can use either type of Release of Assets, and then getting you through the process, we would be happy to help you. Contact us today.