Bill > HB55

This bill revises the legal procedures for distributing proceeds from the sale of real property in probate estates, with a particular focus on how sale proceeds are applied and distributed. The bill modifies Section 2127.38 of the Ohio Revised Code to provide more detailed guidance on using sale proceeds, specifically allowing probate courts to allocate up to $5,000 in additional administrative costs and attorney fees to be paid prior to existing liens. This means that executors or administrators of an estate can now have certain administrative expenses covered from the sale proceeds, even if the estate is insolvent or lacks sufficient assets. The bill also makes a minor technical amendment to Section 5721.10, which relates to state liens on delinquent lands, by referencing the updated probate estate sale provisions. The changes are designed to provide more flexibility for executors and administrators in managing estate sales and covering administrative expenses, while maintaining a structured approach to paying taxes, mortgages, judgments, and other financial obligations associated with the property sale.

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https://www.legislature.ohio.gov/legislation/136/hb55