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September 2015 Archives

When to choose a revocable trust over a will

Ohio residents know how important it is to plan their estate. However, it may be less clear when someone should consider using a revocable trust instead of a will as the primary method for distributing their assets after they die. Understanding when a trust is the best choice can help someone avoid making critical mistakes when planning their estate.

Trusts, wills and the cy pres doctrine

In some Ohio cases, a person's will or trust will contain provisions that cannot be effectuated if they are strictly followed. In order to be able to follow the decedent's wishes in such a case, the courts employ something called the cy pres doctrine.

Controlling beneficiary spending through trusts

Ohio residents might be interested in learning more about how estate owners can control how heirs spend their inheritance. Legal and financial professionals often recommend using a trust to accomplish these types of goals. With powers extending beyond the scope of a will, a trust can set parameters not only on who receives inheritance and how much they are entitled to spend, but how it may be spent as well.

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