Creative and Effective Wealth Transfer Solutions
Our Cincinnati trust attorneys help our clients find the best ways to pass on their wealth with various trust arrangements. Robbins, Kelly, Patterson & Tucker, A Legal Professional Association has been helping clients establish trust documents for more than 45 years. From our Cincinnati and Mason, Ohio, offices, we represent clients throughout the Tri-State Area of Ohio, Indiana and Kentucky. Talk with one of our trust lawyers to discuss your trust or estate planning needs.
Benefits of Using a Trust
For purposes of passing on wealth after death, the will is the foundational document. On the other hand, a trust can be invaluable to a will as part of an overall estate plan, or to use as a vehicle to make a gift during your lifetime. Depending on your circumstances, a trust could be a perfect way to:
- Minimize the tax consequences associated with passing on your wealth
- Avoid the cost and potential error of passing your testamentary gift through probate
- Arrange and organize lifetime giving structures
- Retain more control over the testamentary gifting process and outcome
- Set forth specific purposes for how your assets will be used by your beneficiaries
Special Needs Trusts
A special needs trust is an especially valuable tool for passing on wealth to family members with special health circumstances. This wealth-transfer instrument will allow you to control the means and timing by which the wealth is transferred, establish a trustee to oversee the trust and specify the purposes for which the money can be used. We advise our clients regarding first-party and third-party planning of special needs trusts, so that the trust will not nullify much-needed public assistance.
Ohio Attorney for Avoiding Probate | 513-721-3330
While extremely helpful in the right circumstances, trusts can be confusing, and they are not always the best choice. The best thing to do is talk with one of our lawyers about whether a trust would best serve your estate planning goals. Please contact our Tri-State Area estate planning law firm.
