Wills & Trusts
Top Rated Wills and Trusts Lawyer Columbus Ohio
Do I need a Trust if I already have a Will?
If your estate is relatively small, a Will may be the only document you need to direct the distribution of your property. If your estate is larger and you have one or more Trusts as part of your estate plan, you will need a pour-over Will to transfer assets not yet in a Trust at the time of death into the Trust. Discuss your estate planning needs with an experienced Columbus wills and trusts lawyer at The Obenour Legal Group.
Transfer Assets and Provide Instructions
There are a number of other reasons why a Will should be one of the documents we include in your estate plan:
– You can include instructions for your funeral and burial in your Will
– You can name a guardian for your children
Provide Flexibility to an Heir
An inheritance can change a life, but it can also have unintended consequences. A Columbus wills and trusts attorney can help you anticipate the consequences of your gift.
– A tax-planned Will provides flexibility to the executor of the estate to make tax elections and other decision that will save taxes for the estate or for beneficiaries.
– For high-net-worth heirs, provision should be made in the Will to allow an heir to disclaim assets (refuse the inheritance) in order to pass it along to another (a child/grandchild, for example).
Is a Will the Right Document for Your Estate?
A Will is a powerful document; but it has limitations; expensive administration, Preparing a Will is only one part of a larger plan. Worthington based wills and trusts attorney Abbie Obenour will help you understand how a Will fits into your estate plan strategy.
Does Your Family Need A Trust?
Although a Last Will and Testament can serve as the core document for most estate plans, public record and no spendthrift option. Often families need a more advanced strategy that only a trust (or trust provisions in a Will) can provide. In essence – Trusts are documents that allow a person to name a beneficiary of an asset but also provide that a third person (a trustee) will hold and administer the asset for the benefit of the beneficiary. For example, if someone has a child who is addicted to drugs or disabled, or simply has a child who isn’t mature enough to handle the assets, then a trust’s protections would be appropriate to provide for that beneficiary. Our will and trust attorneys routinely prepare trusts and can help your family by creating trusts, if needed.
Getting Started with Will and Trust Lawyer Near You
If you are ready to speak with a will and trust lawyer in Columbus, Worthington, Delaware, Lewis Center, Westerville, Dublin, Clintonville, Beechwold, Upper Arlington, Hilliard or elsewhere in Ohio about your estate plan, contact us. Your initial consultation is completely free. Free Consultation ➜
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