The Ohio Estate Tax has been repealed for the estates of individuals dying on or after January 1, 2013.

The Ohio Estate Tax is still in effect for individuals dying prior to January 1, 2013 who have a gross estate greater than $338,333.00

Under this repeal, no Ohio estate tax returns should be filed for individuals that fall under this category. No consent to transfer forms or tax waiver forms need to be prepared or filed for transfers of assets belonging to individuals who died on or after January 1, 2013.

For estate in which the decedent has a date of death prior to January 1, 2013 and asset accounts with a value of greater than $25,000 per account, the tax commissioner still requires the filing of an Application for Consent to Transfer Property of a Resident or Nonresident Decedent, or Application for Consent to Transfer the Proceeds of Insurance Contracts, Employer Death Benefits and Retirement Plans for Resident and Nonresident Decedents.

Please note, tax release forms/inheritance tax waiver forms are not required to be obtained in instances in which the assets are passing to a surviving spouse alone, regardless of the dollar amount.