Protect Loved Ones and Preserve Assets With a Living Trust
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A Living Trust is an Estate Planning Document That People Create To Do Several Things
A living trust allows you to maintain control of your own property while you are alive and well
A living trust allows you to appoint someone to control your property for you if they become incapacitated and are no longer able to manage your property for yourselves
A living trust allows you to pass your assets to your beneficiaries in the ways that are appropriate for each beneficiary, given each beneficiary’s strengths and challenges
Why Create a Living Trust?
People use living trusts in their estate planning because it is the best way to keep their estate out of Probate. This simplifies the process, keeps your private information private, and also saves a significant amount of money in costs and fees.
Trusts also allow you to control how distributions are made to your beneficiaries, so you are able to customize the plan to the needs of each individual and provide protections for your loved ones.
Get free, instant access to our Webinar, “Estate Planning for Young Families.” This webinar is available for you 24/7 to watch at your convenience on your computer, and will show you:
Why “Traditional Estate Plans” are wrong for young families
How to have peace of mind that your children are provided for
For more information about how we can protect you and those you care about most, please contact Legacy Law Group today at 419-872-7670 to schedule your free, no obligation consultation.
Creating a living trust is one of the most effective ways to manage your assets, avoid probate, and provide clear instructions for your beneficiaries. In Ohio, many people place their real estate into a living trust, but handling property in this way… Read More
A living trust helps you control how your assets pass to loved ones. But what happens when your personal life changes through divorce, remarriage, or blending families? Many people set up a trust once and never revisit it, even after major life event… Read More
When families set up a trust, one of the most important decisions is choosing a trustee. Often, parents want to be fair and appoint more than one child to serve together as co-trustees. On the surface, that seems like a balanced approach. Everyone sh… Read More
Download our free “Estate Planning Checklist: The Essential Guide for Making your Best Estate Plan in Ohio.” The checklist walks you through the steps you need to address to have the plan that is right for you and your loved ones.
Protecting your Family’s Future – All about Wills, Trusts & Probate
Download our free “Protecting your Family’s Future – All about Wills, Trusts & Probate” book. First published in 2020, this comprehensive guide walks you through the essentials of estate planning, giving you the knowledge you need to safeguard your loved ones and their future.
Put in its most simple terms, estate planning involves putting your affairs in order so as to maximize the benefits that your assets can provide to you during your life and to those you desire to benefit from it after your death. Estate pla… Read More
What Does a Proper Estate Plan Include?
A proper estate plan to provide for the needs of your family may include:
An adequate Will or Trust
A written agreement concerning the status of your assets
If you already have an estate plan, it should not be considered permanent. Conditions, as well as your desires, may change. Estate plans should be reviewed at least every two-three years but, additionally, any important change in your life demands… Read More
What Happens if You Don't Have a Will or Trust?
If you do not have a Will or a Trust and have not used other probate-avoiding techniques, upon your death your assets will pass according to the laws of the state which has jurisdiction over your assets. The “state plan” may not provide for th… Read More
What Other Probate Avoiding Techniques Are There In Addition to Living Trusts?
The following methods are often used to avoid probate: joint tenancy title, community property title, bank account trusts, pay on death accounts, life insurance proceeds, retirement proceeds (IRA’S, TSA’S, 401K’s, etc.), retirement pla… Read More
What Should I Bring to My First Meeting?
People often ask what they should bring with them to their initial estate planning consultation (we call this “the Discovery Meeting”) with one of our attorneys.
As we discuss in Our Planning Process, the Discovery Meeting is our oppor… Read More
I Already Have an Estate Plan. Why Should I Think About Changing It?
We find that many people already have an estate plan, but it does not meet their current planning needs. They may have a Will that was prepared many, many years ago, or they may have a trust that prepared more recently, but those plans may not be… Read More
What Does an Estate Plan Cost?
As you might imagine, we get that question all the time. It is a difficult question to answer because fees are determined by the type of plan we put together, and that is determined by your goals, objectives and asset mix. The planning fees can ra… Read More
How Much of an Estate Do I Need to Have In Order to Set Up a Trust?
There is no “bright line rule” for determining whether a person needs a trust as a part of their planning. The answer for any particular person will depend on their own planning needs and planning goals.