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Ohio Asset Protection Lawyers.com
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Did You Know?
A Living Trust is an entity created for the purpose of holding and managing assets
A Living Trust is an entity created for the purpose of holding and managing assets for the benefit of the creators of the Trust (the “Trustors”) during their lifetimes and then for the purpose of management and distribution of the assets to the beneficiaries designated by the Trustors. There are various reasons for creating Living Trusts: (a) To avoid probate administration on death of either Trustor. (b) To avoid a court supervised conservatorship in the event of lifetime disability of either Trustor. (c) To provide for the management and distribution of assets during continued administration of the Trust or upon its termination.
Newsroom
News about Asset Protection cases in Ohio and nationwide:
How Medicaid Asset Protection Works
The Medicaid Asset Protection feature is designed to provide you with added coverage through the Connecticut Medicaid program, if you con... Read more >
Definition:
There is a thriving industry of offshore practitioners advising U.S. citizens to set up offshore bank accounts.
Revocable Trust
Definition:
In a living, or revocable trust, you name yourself as the grantor, the trustee, and the current beneficiary. You then transfer some or all of your assets to the trust. The terms of the trust require that the trust is to be used for your benefit during your life. After your death, the living trust continues for the benefit of your intended beneficiaries.
Real estate investment trust (REIT)
Definition:
A type of investment that pools the money of many individuals and acquires real estate or mortgages that are then owned proportionally by each investor.
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