An executor is in charge of following your will and the law. Their job requires attention to detail and paperwork. Executors should be somebody that you trust.
You can choose whether or not to pay your executor for all of their hard work. Ohio law provides that executors can be compensated for their work with limitations. If you do not specify whether or not to pay your executor, the statute will apply.
You can also choose whether your executor is required to post a bond. The bond acts as an insurance policy. If the executor does not distribute the funds properly, the aggrieved party can make a claim against the bond. Without the bond, the aggrieved party is limited to going after the executor’s personal assets. Note that some courts in Ohio will require out-of-state executors to post a bond anyway.