Full question:
My son, who was working as an investment banker in Columbus, died in an accident. He wasn’t married and never had any children. He apparently had a substantial amount of investments and a ridiculously big estate in the heart of Grove city. My ex-husband and I are the only living relatives he had. He never had a will made before his death. What will become of the fortune that my son possessed?
- Category: Wills and Estates
- Subcategory: Intestacy
- Date:
- State: Ohio
Answer:
In Ohio, ORC Ann. 2105.06 governs the provisions of the intestate division of the property of the deceased in the absence of a will. The statute enumerates the different beneficiaries in order of priority. The parents or surviving parent of the deceased are beneficiaries in the event that the deceased does not have any surviving spouse or children. Clause (F) is the relevant part of the provision in ORC Ann. 2105.06 which reads:“***
(F) Except as provided in section 2105.062 of the Revised Code, if there is no spouse and no children or their lineal descendants, to the parents of the intestate equally, or to the surviving parent;
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Therefore, in the case at hand, the parents shall be entitled to receive their deceased son’s property in equal share per clause (F) of ORC Ann. 2105.06. The divorced status of the parents does not affect the entitlement of such intestate property.(F) Except as provided in section 2105.062 of the Revised Code, if there is no spouse and no children or their lineal descendants, to the parents of the intestate equally, or to the surviving parent;
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