Bill > HB55

This bill revises how fees and costs are handled when a probate court oversees the sale of real property, particularly when an estate is insolvent or has insufficient assets to cover administrative expenses. Specifically, it amends Section 2127.38 of the Revised Code to allow for an additional aggregate of up to five thousand dollars to be paid towards the costs, expenses, and attorney fees incurred by the executor or administrator in managing the entire estate, even if that amount exceeds the proceeds from the property sale and must be paid before any liens on the property. This change is intended to help cover essential administrative costs in difficult estate situations. The bill also makes a technical amendment to Section 5721.10 of the Revised Code to acknowledge this change in Section 2127.38.

Justice

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