Summary
In Ohio, probate estate statuses include open, closed, pending, and contested. If an estate is open with a potential creditor, it remains Open. Steps to complete probate include notifying creditors, reviewing claims, resolving disputes, distributing assets, and filing a final accounting. Addressing creditor claims can take 9 to 12 months. Partial accounting requires a summary of transactions, distributions, and debts, with documentation.Full Conversation
A potential creditor
It seems like you're concerned about your status as a potential creditor in a probate case. Typically, you may need to file a claim against the estate in probate court. Do you know if the estate is currently open or pending? This will determine your next steps.
What do I put for current status of estate if the estate is open but there is a potential creditor
Given that the estate is open and there's a potential creditor, you would typically list the status as "Open." This indicates that the estate is still being processed, and claims, such as those from creditors, can be addressed during this time.
What do I put for steps remaining to complete admistration for probate if there is a potential creditor
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In Ohio, if there's a potential creditor and the estate is open, here are the typical steps remaining to complete probate administration:
- Notify creditors and allow them to file claims.
- Review and approve/deny creditor claims.
- Resolve any disputes or objections.
- Distribute remaining assets to beneficiaries.
- File a final accounting and close the estate.
How much time would it take to take care of a potential creditor wanting to submit a claim against estate ?
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In Ohio, addressing a creditor's claim in probate typically involves a few steps:
- Notification to creditors: Usually done within 6 months.
- Review and settlement of claims: Can take a few weeks to months, depending on complexity.
- Finalizing probate: Generally within * to 12 months.
The time frame can vary based on the specifics of the estate and any disputes.
Accounting period for partial account ?
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In Ohio, for a partial accounting during probate, the executor or administrator typically submits an interim or partial account to the probate court. This includes a summary of financial transactions that have occurred so far. The timing and frequency depend on the court's requirements and the complexity of the estate. Do you need guidance on what to include in your partial accounting?
Yes
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In Ohio, a partial accounting during probate generally requires:
- A summary of all income and expenses.
- A record of distributions made to beneficiaries.
- Documentation of any remaining debts or claims.
Ensure all transactions are substantiated with receipts or evidence. Would you like more detailed guidance on preparing this accounting?
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