I. Transfer Of Assets: A. Probate B. Non-Probate: Payable on Death (POD)Designations Transfer on Death (TOD) Designations Joint and Survivorship Ownership
II. Estate Taxation: A. Ohio: Deaths in 2012: Exemption was $338,333. Deaths in 2013 and thereafter: Estate tax is repealed.
Return is due 9 months from date of death. B. Federal: Deaths in 2015: Exemption is $5,430,000. Exemption is indexed for inflation going forward.