{"id":6552,"date":"2023-03-10T11:57:17","date_gmt":"2023-03-10T16:57:17","guid":{"rendered":"https:\/\/sheppardlawoffices.com\/?page_id=6552"},"modified":"2023-04-11T12:02:11","modified_gmt":"2023-04-11T17:02:11","slug":"summary-release","status":"publish","type":"page","link":"https:\/\/sheppardlawoffices.com\/summary-release\/","title":{"rendered":"What is Summary Release in Columbus, OH?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"6552\" class=\"elementor elementor-6552\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-22688b60 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"22688b60\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6659b92d\" data-id=\"6659b92d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f9c7fbb elementor-widget elementor-widget-text-editor\" data-id=\"f9c7fbb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 25-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<h2><span style=\"font-weight: 400;\">Filing for a Summary Release from Administration<\/span><\/h2><p><span style=\"font-weight: 400;\">What is a summary release in Columbus, OH, and how does it affect probate? These are some of the questions that you may have in mind when dealing with <\/span><b>probate<\/b><span style=\"font-weight: 400;\">. When a person passes away, transferring assets can be expensive and time-consuming if the estate must go through the probate court process. Luckily, summary release from the administration allows estates to avoid probate altogether, or at least move through the probate process much faster.<\/span><\/p><p><span style=\"font-weight: 400;\">At Sheppard Law Offices, we can help you understand how a summary release works in estate planning. We are here to help you protect your assets and provide for your loved ones. Contact us today and schedule an initial consultation with our <\/span><a href=\"https:\/\/sheppardlawoffices.com\/\"><span style=\"font-weight: 400;\">credible Columbus estate planning lawyers<\/span><\/a><span style=\"font-weight: 400;\"> to learn more about your legal options.<\/span><\/p><p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p><h2>\u00a0<\/h2><h2><span style=\"font-weight: 400;\">What is a Summary Release?<\/span><\/h2><p><b>Summary release from administration<\/b><span style=\"font-weight: 400;\"> allows small estates to skip and avoid the probate court administration process. It is even faster and less expensive than a standard relief from the administration. Our knowledgeable Columbus estate planning attorney can help you understand how a summary release from administration works.<\/span><\/p><p><span style=\"font-weight: 400;\">Probate is not necessary if the estate is worth less than $5,000 or the amount of the funeral expenses, whichever is less.\u00a0 If the estate is within that limit, the executor may distribute the assets to the entitled beneficiaries. If there&#8217;s no will, the state intestate succession law will determine what types of assets are transferable to the heirs.<\/span><\/p><p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p><h2>\u00a0<\/h2><h2><span style=\"font-weight: 400;\">What are the Eligibility Requirements for Filing a Summary Release?<\/span><\/h2><p><span style=\"font-weight: 400;\">Several conditions can warrant a summary release from the administration. Our top-ranking Columbus probate lawyer can advise you as to whether your <\/span><b>estate <\/b><span style=\"font-weight: 400;\">qualifies and answer any other legal questions that you have. There are two conditions that you can apply for summary release from the administration:<\/span><\/p><p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p><h3>\u00a0<\/h3><h3><b>You are the surviving spouse of the deceased person<\/b><\/h3><p><span style=\"font-weight: 400;\">Generally, anyone (except the surviving spouse) who has paid or is obligated to pay those expenses may ask the court for a summary release from the administration. Alternatively, the surviving spouse may apply for summary release from administration if:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">all of the deceased spouse&#8217;s assets are worth no more than $45,000<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">the surviving spouse inherits everything and is entitled by law to a family support allowance<\/span><\/li><\/ul><h3>\u00a0<\/h3><h3><b>\u00a0<\/b><\/h3><h3><b>You paid for the deceased person\u2019s funeral<\/b><\/h3><p><span style=\"font-weight: 400;\">To be eligible for a summary release, you must pay the funeral and burial expenses. The value of the estate assets must not exceed the lesser of either $5,000 or the amount of the decedent\u2019s funeral and burial expenses.<\/span><\/p><p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p><h2>\u00a0<\/h2><h2><span style=\"font-weight: 400;\">When is a Summary Release from Administration Necessary?<\/span><\/h2><p><b>Probate laws<\/b><span style=\"font-weight: 400;\"> vary from state to state, meaning the requirements for summary release from the administration are specific to the state in which the estate is located. However, there are common situations in which summary administration may be your best option. A qualified Columbus estate planning lawyer can help you determine whether filing for a summary administration can be beneficial in your particular situation.<\/span><\/p><p><span style=\"font-weight: 400;\">The summary release from the administration is an abbreviated version of the release from the administration. The release process can be much quicker than a full estate administration, but the timeliest part of the process is ensuring all creditors have come forward and their information is known.<\/span><\/p><p><span style=\"font-weight: 400;\">It is appropriate in situations where there is a surviving spouse and the gross estate is $100,000 or less. Furthermore, it is also recommended if the fair market value of the probate assets is $35,000 or less and there is no surviving spouse. If there is a surviving spouse and they are entitled to 100% of the family allowance provided by statute, the gross probate estate does not exceed $45,000, and the spouse has paid or is obligated in writing to pay for funeral expenses, the estate may qualify for a summary release from the administration.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p><h2>\u00a0<\/h2><h2><span style=\"font-weight: 400;\">Why Do I Need an Estate Planning Lawyer in Ohio?<\/span><\/h2><p><span style=\"font-weight: 400;\">Estate planning can help individuals and families protect their assets, provide for their loved ones, and ensure their wishes are carried out. If the estate goes through a probate court, the distribution of assets can cost a lot of money and can take a long time. One key component of estate planning is the summary release, which can help streamline the probate process and reduce costs.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">At Sheppard Law Offices, our trusted Columbus estate planning attorneys are committed to:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Navigating the state laws and providing legal advice if the decedent estate you are managing qualifies for a\u00a0 summary release of administration.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Helping you create a comprehensive estate plan that best suits your needs. providing valuable legal assistance in writing wills, setting up trusts, creating powers of attorney, and preparing other estate planning documents that reflect your wishes and protect your assets.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Assisting clients with probate and estate administration, helping families resolve any conflict, and ensuring that your interests are protected.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Guiding you on how to distribute assets in a way that is fair and equitable while also avoiding potential conflicts and disputes.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Helping you minimize estate taxes and other tax liabilities through tax planning strategies such as gifting, charitable donations, and trust planning.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">The probate process can be confusing and overwhelming for those who are not familiar with Ohio law and the probate system. Contact us today and schedule a consultation with our skilled Ohio estate planning attorneys who can help you through this process as efficiently and smoothly as possible.<\/span><\/p><p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p><h2>\u00a0<\/h2><h2><span style=\"font-weight: 400;\">Call Our Experienced Columbus Estate Planning Attorney Now!<\/span><\/h2><p><span style=\"font-weight: 400;\">When a loved one passes away, dealing with additional legal concerns while grieving is often unavoidable. However, going through a shorter and more <\/span><b>simplified probate process<\/b><span style=\"font-weight: 400;\"> can certainly help to lighten your load and give you more time to honor your loved one.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">If you&#8217;re struggling with probate and estate administration, our seasoned Columbus estate planning attorneys at\u00a0 Sheppard Law Offices can guide you through even the toughest legal situations. We can help you ensure that your wishes are carried out, your beneficiaries receive their inheritance on time, and the probate process is streamlined and cost-effective.<\/span><\/p><p><span style=\"font-weight: 400;\">Our <\/span><a href=\"https:\/\/sheppardlawoffices.com\/estate-planning\/\"><span style=\"font-weight: 400;\">estate planning law firm<\/span><\/a><span style=\"font-weight: 400;\"> will work tirelessly to ensure the best possible outcome for your situation. We are also committed to helping local clients resolve a wide range of legal problems involving bankruptcy, taxation, probate, and <\/span><a href=\"https:\/\/sheppardlawoffices.com\/domestic-relations-lawyer-columbus\/\"><span style=\"font-weight: 400;\">family law<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Our three offices are located in Columbus, Mt Vernon, and Newark. Contact us today to schedule a free consultation and get the help you need in handling probate and estate administration.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Filing for a Summary Release from Administration What is a summary release in Columbus, OH, and how does it affect probate? These are some of the questions that you may have in mind when dealing with probate. When a person passes away, transferring assets can be expensive and time-consuming if the estate must go through [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":1848,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/sheppardlawoffices.com\/wp-json\/wp\/v2\/pages\/6552"}],"collection":[{"href":"https:\/\/sheppardlawoffices.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sheppardlawoffices.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sheppardlawoffices.com\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/sheppardlawoffices.com\/wp-json\/wp\/v2\/comments?post=6552"}],"version-history":[{"count":7,"href":"https:\/\/sheppardlawoffices.com\/wp-json\/wp\/v2\/pages\/6552\/revisions"}],"predecessor-version":[{"id":6560,"href":"https:\/\/sheppardlawoffices.com\/wp-json\/wp\/v2\/pages\/6552\/revisions\/6560"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sheppardlawoffices.com\/wp-json\/wp\/v2\/media\/1848"}],"wp:attachment":[{"href":"https:\/\/sheppardlawoffices.com\/wp-json\/wp\/v2\/media?parent=6552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}