Cincinnati Wills Lawyers
Wills and Trusts: Meeting Your Objectives
A Last Will and Testament and Trusts are estate planning tools that can protect your assets and make sure your final wishes are known.
The estate planning attorneys at Schimpf, Ginocchio, and Kehres Co., LPA, help you determine your objectives, draft a will and find other tools, such as trusts, that can help you preserve and transfer your assets.
Cincinnati Wills Attorneys: A Basic Document for an Estate Plan
Everyone who has property and/or dependents should have a basic Last Will and Testament. The Will can serve to list all assets and how they should be distributed.
Because a Will is made public at the time of probate, many people prefer to maintain their privacy and have little or no financial information in the Will. A Will may also serve as a "pour-over" Will, instructing that any assets not in trust be placed in trust at the time of death. The Will can also include instructions about the care of minor children, appointing guardians for their care.
Ohio Revocable Living Trust Lawyers: A Way to Preserve Assets
There are many types of trusts, but the Revocable Living Trust is the type most often used. During one's lifetime, a person can manage the funds and other assets, placing them into and out of the Revocable Living Trust at any time. As with other trusts, the Revocable Living Trust is a way to avoid the time, expense and public nature of probate.
An Irrevocable Trust may be selected for the advantages it offers in complex real estate and tax planning. A Special Needs Trust is a way to set aside funds for a handicapped dependent.
For questions about wills and trusts, you can trust the experience and service of the estate planning lawyers at Schimpf, Ginocchio, and Kehres. Contact us by e-mail or call us at 513-824-8170 or (toll free) 888-542-8120.
