What is the time frame within which an executor or administrator must collect assets and complete the administration of an estate in Ohio?

In Ohio, when an executor or administrator is appointed to oversee an estate, they are typically required to complete the administration of the estate within a specific time frame to ensure an orderly process that protects the rights of beneficiaries and creditors. The correct answer reflects that this time frame is six months after appointment. This period provides the fiduciary a reasonable amount of time to collect the assets of the estate, pay any debts and taxes owed, and distribute the remaining assets to the beneficiaries.

The six-month time frame is significant as it balances the need for a prompt resolution of the estate with the complexities that may arise during the administration process. It helps prevent unnecessary delays, encourages efficiency, and ensures beneficiaries receive their inheritances in a timely manner. While extensions can sometimes be sought under certain circumstances, the standard expectation is grounded in this six-month timeframe, creating a deadline that helps maintain accountability in the administration of estates.