In the event that an Ohio resident dies without drafting an Ohio will, the laws of the state (laws of intestacy) says that the surviving spouse is poised to inherit the individual ‘s estate save for when the surviving spouse also has descendants who may also share some of the properties according to a predetermined formula.
To explicitly dictate who takes what, residents of the state must write a last will and testament Ohio to state their preferences with regards to how their properties should be shared among a select number of people or groups. In this article, you will learn a lot more about Ohio wills and how to make a will in Ohio. You will find numerous templates CocoSign's library offers.
What Is an Ohio Last Will And Testament?
An last will and testament also known as a standard will is a written record of an individual’s wishes (testator) as to how their assets should be distributed amongst a number of people (designated beneficiaries) in the state of Ohio.
The person named by the testator to execute the contents of the will according to the instructions provided is known as an executor. In some cases, there is an alternate executor who stands in for the initial representative if he or she becomes unavailable. This executor is obligated by law to ensure that the exact instructions of the testator are followed to the latter.
All the law requirements about writing and filing an Ohio will form are contained in Chapter 2107 of Ohio codes
What Should Be Covered In a Ohio Last Will and Testament?
An Ohio will form should contain the following details:
- Name and contact information of the testator
- Named executor
- Appointed guardian for minor children
- Beneficiaries and information concerning them according to the instructions contained in the Ohio will form
- Signatures of testator and all witnesses
Benefits and Limitations of an Ohio Last Will and Testament
The benefits of an Ohio last will and testament include:
- It can be used to create a trust for any person
- Can be used to name a legal guardian for minor children
- Can be used to create a pet trust
- A testator might use a last will and testament in Ohio to create a special needs trust for one of his or her loved ones with special needs
- The testator can also create a dynasty trust for his or her business using a will. This trust ensures that the family of the testator keep the testator’s business
- Allows the testator to make charitable gifts to different organizations.
Not all properties owned by an Ohio resident can be distributed to their designated beneficiaries using a will. The exceptions include:
- Life insurance proceeds
- Joint tenancy
- Retirement plan proceeds
- Property included in a living trust
How to Write a Last Will and Testament in Ohio?
The basic requirements needed to be fulfilled for writing an Ohio last will and testament include:
- The testator must be at least 18 years of age.
- The will must be in writing. But, oral wills are also recognized in Ohio.
- Name of the beneficiaries
- Contain signature of testator or a representative directed by the testator to represent himself/herself.
- The testator must be of sound mind and not under any form of restraint
- The Ohio will form must be signed by at least two witnesses.
You can write a last will and execute under the provisions of the law in these few, simple steps:
- Download free legal forms Ohio from a simple to use platform like CocoSign or pick one from a court office nearby.
- Claim ownership of the document by entering your name and filling in other details like city and county.
- Then, name an executor and list his or her city, county and state
- List the beneficiaries, their physical addresses, four digits of their SSN and highlight their relationship with you
- Review all other titled areas like Gender, Assignment, Omission, Bond and Guardian Ad Litem Not Required
- The testator and witnesses are required to sign and date their signatures
- After completing the documents and having all required signatures appended, the will should be acknowledged by a notary public.
Visit CocoSign today and download any of its free printable Ohio legal forms to list your beneficiaries and execute under the provisions of the law.
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