Estate Planning in Ohio

Ohio does not impose a state estate tax (abolished in 2013) or inheritance tax, making it favorable for estate planning compared to neighboring Pennsylvania. A basic will in Ohio costs $400-$900, while comprehensive estate plans with trusts cost $1,800-$4,500. Ohio's Transfer on Death (TOD) designations are available for real property, vehicles, and financial accounts, offering probate avoidance without trust complexity. Ohio probate court handles estates where the total value exceeds $5,000, with administration costs of 4-6% of estate value. Small estate procedures are available for estates under $35,000 (Release from Administration) or when the surviving spouse is the sole heir. Ohio recognized a healthcare power of attorney and living will as separate documents under the Modified Uniform Rights of the Terminally Ill Act. Medicaid planning is a growing area of elder law in Ohio, where nursing home costs average $8,000-$10,000 per month.