Mentor OH Trust Attorneys
Trusts
A Trust can be the perfect tool to avoid the Probate process, distribute assets to beneficiaries of blended families, or to protect the assets of a business. For many years,
A trust is an entity created by operation of law called the Trust Code that is made law in the codes of the State of Ohio. A trust is not a living or brick and mortar entity, but a legal ‘entity’ created by the trust documents. A trust may be governed by the creator during their lifetime, governed by a trustee appointed by the creator or created for another person and governed by the creator. The creativity that can be applied to the creation of a trust is limited only be the desires of the creator and the Trust Code adopted by the State of Ohio.
Some common reasons for setting up a trust include:
- Providing for minor children or family members who are inexperienced or unable to handle financial matters
- Providing for management of personal assets should one become unable to handle them oneself
- Avoiding probate and immediately transferring assets to beneficiaries upon death
- Reducing estate taxes and providing liquid assets to help pay for them
- The terms of a will are public while the terms of a trust are not so privacy makes a trust an attractive option
Contact Your Trust Lawyer in Mentor, Ohio
Contact the trust attorney in Mentor at Moseman Law Office, LLC to see what kind of trust might be right for you. We have experience in helping our clients find the best solutions for these types of legal documents that are hard to understand. Call a Moseman Law Office, LLC trust attorney in Mentor OH today, and let us help you find the right solutions.
Moseman Law Office, LLC
Moseman Law Office, LLC is a full-service legal firm located in Mentor, Ohio, serving all of Northeast Ohio and providing personalized legal solutions to its clients.
Contact Us
Moseman Law Office, LLC
8500 Station St., Ste 210
Mentor, OH 44060
Phone: (440) 255-0832