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Most people’s largest and most valuable assets go into a trust. Continue reading
You do not have to a millionaire to need a trust. As a rule of thumb, anyone with probate assets of more than $50,000 should consider a trust. Continue reading
If you need to remove assets from a trust during your lifetime, you have the right to do that. You can deed any real estate back out by using a deed, and you can sell the assets or use them as collateral on a loan. These assets in the trust still belong to you. Continue reading
Once you have moved some property into a trust, it will be protected from the Probate Court process. All assets in the trust, if moved there properly, will pass to your trust beneficiaries directly without any interference from the Probate Court. Continue reading
If you live in Ohio, you must use the Ohio exemption law. You cannot use the federal exemptions. You should consult a skilled bankruptcy attorney to discuss with you how Ohio exemption laws apply to your individual case. Continue reading