Solomon, Steiner & Peck, Ltd.
Call today for a consultation:
216-245-0185 / 866-642-0932

What are some of the major reasons to use a trust?

Imagine wanting to leave your assets to your beneficiaries. You want to leave them a home, an inheritance including funds and many other items. You also want to make sure those funds and assets are protected against taxation and distribution to the wrong individuals.

You can take steps to protect your estate. You are called a trustor when you decide that a trust is the right way to do that. A trustor is a person who gives a trustee the right to hold the title to their assets for a beneficiary through a trust. The trust is established to provide protection to the assets and to make sure they're distributed according to your wishes after you pass away.

Trusts are designed under different terms, depending on what you want to do with them. The trust can determine how your money is managed now, or it might be used to distribute your money after death. It all depends on the type of trust you decide to use.

What are the major benefits of using trusts?

Trusts have a few major benefits including helping you avoid taxes and protecting your assets from creditors. You can also dictate the terms of distribution for beneficiaries, giving you control of when they receive assets and how much they can receive at one time.

There are a few types of trusts, but most will be living trusts or testamentary trusts. Living trusts are written to protect your assets while you're alive, so they can continue to benefit you. Testamentary trusts, which are also called will trusts, determine how assets will be distributed following your death.

A trust can be the right option for you if you want to protect your assets. Discuss your options, so you know if this is the solution to your concerns.

No Comments

Leave a comment
Comment Information

2005 BBB Torch Award Recipient Recipients of the 2005 BBB Torch Award Honoring Business of Integrity

  • ASNP
  • CMBA Green Certified 2107-19
  • member of the national eldercare matters Alliance
  • Golden opportunities

We are here to help. Contact our attorneys today.   

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Mayfield Heights Office
6105 Parkland Boulevard
Suite 140
Mayfield Heights, OH 44124

Toll Free: 866-642-0932
Phone: 216-245-0185
Fax: 216-595-2787
Mayfield Heights Law Office Map

Independence Office
Crowne Centre
5005 Rockside Road, Suite 600
Independence, OH 44131

Toll Free: 866-642-0932
Phone: 216-245-0185
Fax: 216-595-2787
Map & Directions

Westlake Office
PS Executive Centers
1991 Crocker Road
Suite 600
Westlake, OH 44145

Toll Free: 866-642-0932
Phone: 216-245-0185
Fax: 216-595-2787
Map & Directions

Mentor Office
5966 Heisley Road
Ste 201
Mentor, OH 44060

Toll Free: 866-642-0932
Phone: 216-245-0185
Fax: 216-595-2787
Map & Directions

Review Us