Legal Question in Wills and Trusts in Ohio
Administrator of estate
I recently completed probate on my father's estate. It's a small estate which consist of a Bank of America checking account, an IRS tax refund check and a Walgreens refund check.
I was informed by the magistrate that the estate could be distributed through the BAO account as determined during probate. Therein lies my question.
There isn't a BOA in Ohio so I would have to mail or fax all documentation to a specified P.O. box/ fax number. I wasn't able to aquire a phone number to said location so I am uncertain as to how the process will take place. I have considered traveling out of state to complete the process but I can only assume that it will take several weeks for the bank to complete their transactions. Thus requiring multiple out of state trips.
What is the best course of action? Also, once completed will the assets be released to me, as the administrator? Or will they be relesed individually to each distributee? If so, will that require each distributee to contact the bank on their own behalf? What are my options as administrator?
Thank you in advance for any and all information.
1 Answer from Attorneys
Re: Administrator of estate
The answer to your question depends on the type of probate proceeding. Was this a release from administration or are you the administrator.
If you are the admininistrator then you should have BOA close out the account and send you the proceeds. You will need to establish an estate checking account (which can be at any bank) and deposit the other two checks and then issue checks for distribution to the heirs according to your instructions. This should all be able to be accomplished in one step with the bank if you take or send the proper paperwork. You will then need to file an account with the court showing the distribution and records of all the distributions.
If it is a release it depends on what your order says.
This anwer is intended as general inforamtion only and does not constitue legal advise nor does it create an attorney client relationship.
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