Lake County Fiduciary Deed Forms (Ohio)

Form Package

Fiduciary Deed

State

Ohio

Area

Lake County

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$27.97

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Included Forms

All Lake County specific forms and documents listed below are included in your immediate download package:

Included Supplemental Documents

The following Ohio and Lake County supplemental forms are included as a courtesy with your order.

Frequently Asked Questions:

Areas Covered by These Fiduciary Deed Forms:

• Lake County

Including:

• Eastlake
• Grand River
• Madison
• Mentor
• Painesville
• Perry
• Wickliffe
• Willoughby

What is the Ohio Fiduciary Deed

Ohio Fiduciary Deed for Executors and Administrators

Probate is the legal process of settling and distributing a decedent's estate according to the terms of a probated will or laws of intestate succession. In the context of estate administration, a fiduciary is either an executor (when named in a will) or an administrator (when the decedent dies without a will or does not name an executor) assigned by the court of common pleas to administer the decedent's estate.

If the estate's assets are insufficient to pay debts, the fiduciary may need to sell the decedent's property. Fiduciaries must obtain the court's permission to sell assets from the estate, unless authorized or directed by the decedent's will.

In Ohio, executors and administrators use fiduciary deeds to convey real property from an estate to a purchaser pursuant to a court order. A fiduciary deed is a statutory form (R.C. 5302.09) containing fiduciary covenants that the grantor is the duly appointed, qualified, and acting fiduciary, and that he or she is authorized to make the sale and conveyance of the within described real property. Additionally, the grantor covenants with the grantee that in the proceedings of the sale, he or she has complied with statutory requirements (5302.10).

A fiduciary deed names the executing fiduciary's as grantor, and identifies the county and case number in which the decedent's estate is opened in probate. The deed states the amount of consideration the grantee is paying for the transfer of title, and titles the property in the name and manner of vesting of the grantee.

Deeds in Ohio require a recital of the grantor's source of title, including the prior instrument volume and page numbers. A full legal description of the subject parcel is required. Any restrictions on the property should also be noted. The executing fiduciary must sign the deed in the presence of a notary public before recording in the county where the subject property is located.

The information provided here is not a substitute for legal advice. Consult an attorney licensed in the State of Ohio with questions regarding fiduciary deeds, as each situation is unique.

(Ohio Fiduciary Deed Package includes form, guidelines, and completed example)

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The documents you receive here will meet, or exceed, the Lake County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

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