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The probate administration process in Ohio is an important and necessary legal procedure that ensures the proper distribution of a deceased person’s assets and the settlement of their final affairs. While probate can seem complex, especially during a time of great emotional difficulty, it serves an important role in providing structure and clarity to the disposition of the decedent’s estate. For Ohio residents and those inheriting assets from a deceased person who resided in Ohio, understanding how probate works here can make the process less daunting. In this article, I outline the key steps of the Ohio probate administration process, the role of the probate court and the executor or administrator, and ways to streamline the whole process.
On April 23, 2024, the Federal Trade Commission (FTC) announced an administrative rule that would ban almost all non-competition agreements. The rule is scheduled to take effect in about four months (around August 2024). Within a couple days several businesses, including the U.S. Chamber of Commerce, filed lawsuits requesting that the rule be overturned. The courts may either reject the rule entirely, delay the effective date of the rule, or uphold the rule and permit it to take effect.
A new federal law will require business entities to report their ownership information to the Financial Crimes Enforcement Network (FinCEN). On January 1, 2021, Congress enacted the Corporate Transparency Act (CTA) as part of the National Defense Authorization Act for 2021. The U.S. Department of the Treasury and FinCEN adopted Regulations implementing the CTA on September 30, 2023.