Cincinnati Trust Attorney
Of the most popular elements of estate planning is setting up trusts. Having a trust in place can help you maintain control over your assets and property while determining how to distribute your property after your passing. A trust offers privacy and cost savings for you and your family.
Simply put, a trust is a document that gives instructions to someone else for how to manage property that you own. You have likely made a trust in your life–at least a simple one, that is. If you lend your car to a friend to drive to pick up a pizza, you have given them the keys (physical control), told them that they can only drive it to the shop (trust terms), and kept ownership of the car (legal title).
A trust can transfer ownership of your property during your lifetime or after you die, subject to the rules that you establish. They can also provide significant tax savings and privacy.
However, trusts can be notoriously complex when they are used in estate planning. Having an experienced trust attorney in Cincinnati helping you develop your estate plans can go a long way in ensuring your wishes are fulfilled as you intend after your death.
When you set up a consultation with Linn Legal, you and your lawyer will review the different trusts and help you determine which one works for your family’s goals. You can learn more about whether setting up a trust is in your best interests, which types of trusts to set up, and who to assign as your trustee.Contact Us