What to do if my mother’s estate was closed 5 years ago but now there are new assets being awarded to her estate via a wrongful death case in which she was named?
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What to do if my mother’s estate was closed 5 years ago but now there are new assets being awarded to her estate via a wrongful death case in which she was named?
I was the executor and I understand that I will need to reopen her estate. However, will I need a lawyer to do this? Can the funds be distributed without a checking account for this one time transaction? Looking for the quickest and less costly way to complete.
Asked on July 2, 2014 under Estate Planning, Ohio
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 9 years ago | Contributor
In looking up the various counties in Ohio and their rules, many of them have the forms to re open the estate available online. Are you Montgomery County? Butler County? Some of the forms ask for an Attorney's signature but you may not need one. As for the checking account, you should protect yourself as Executor and open one since you are going to have to account for the distribution. If you had an EIN number last time contact your accountant about reinstating it or applying for a new one. Good luck.
http://www.google.com/search?client=safari&rls=en&q=reopening+an+estate+ohio&ie=UTF-8&oe=UTF-8
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