Plain English
Estate Planning Learning Center
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Please note: Ohio is one of the few states with a stand-alone estate tax, independent of the federal estate tax. The information provided below (by subscription from a national service) is not Ohio-specific and does not contemplate the impact of Ohio law on either estate tax or probate distribution rules.
For purposes of estimating, clients should assume the Ohio estate tax is 7% of all assets above $383,333 (except life insurance with a beneficiary other than "estate".) There is no longer a federal credit for state estate tax.
Ohio law exempts from probate (and therefore exempts from instructions in a Will) some assets for married couples, such as two cars (including pickup trucks and motorcycles) and one boat, motor and trailer. However, whether an asset is or is not a probate asset does not affect whether or not the asset is subject to Ohio estate tax.
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