Probate is the legal process of administering a deceased person’s estate, which includes identifying and valuing the assets, paying off any debts, and distributing the remaining assets to the beneficiaries. Avoiding probate can save time and money, and it can also help to keep your financial affairs private.
There are a few different ways to avoid probate in Ohio. One way is to create a living trust. A living trust is a legal document that allows you to transfer your assets to a trustee, who will manage them for your benefit during your life and distribute them to your beneficiaries after your death. Another way to avoid probate is to make joint ownership of your assets with someone else. When you own assets jointly with someone else, the assets will automatically pass to the other owner upon your death.
