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Section 2117.15 | Payment of debts - report of insolvency. If it appears at any time that the estate is insolvent, the executor or administrator may report that fact to the court, and apply for any order that the executor or administrator considers necessary because of the insolvency.
Ohio law designates the Director of the Legislative Service Commission as the codifier of the state's laws and administrative rules (R.C. 103.05 and 103.131).
Chapter 2117 | Presentment Of Claims Against Estate No part of the assets of a deceased shall be retained by an executor or administrator in satisfaction of the executor's or the administrator's own claim, until it has been proved to and allowed by the probate court.
Section 2117.11 | Rejection of a claim. Notice by mail shall be effective on delivery of the mail at the address given. A claim may be rejected in whole or in part. A claim that has been allowed may be rejected at any time after allowance of the claim.
Non-Probate Property in Ohio Real estate held in joint or survivorship form. Assets and property with a transfer-on-death designation. Insurance proceeds with a named beneficiary. Payable-on-death bank accounts. Assets held in trust.
Chapter 2117 | Presentment Of Claims Against Estate No part of the assets of a deceased shall be retained by an executor or administrator in satisfaction of the executor's or the administrator's own claim, until it has been proved to and allowed by the probate court.
No Probate for Very Small Estates: "Summary Release from Administration" No probate at all is necessary if the estate is worth less than $5,000 or the amount of the funeral expenses, whichever is less.