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Deaths in 2013 and thereafter: Estate tax is repealed, therefore
No Ohio Estate Tax.
Return was due 9 months from date of death. B. Florida: No Estate Tax
C. Federal: Deaths in 2023: Exemption is $12,920,000.
Exemption is indexed for inflation going forward, but
scheduled to be effectively reduced to one-half of the current
exemption in 2025.