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Trusts
October 23, 2023
A Guide for Ohio Beneficiaries Trusts and inheritances can be intricate. Especially for Ohio residents, comprehending the nuances of these financial tools is pivotal. Our guide aims to demystify trusts and elaborate on beneficiaries’ critical role in this landscape. Understanding Trusts The cornerstone of any estate […]
January 19, 2023
Land Trusts Explained As you consider your estate planning goals, trusts can be an important tool to protect your assets and your loved ones. A land trust is a trust that holds real estate, and it is a typical trust type that investors or high-net-worth individuals […]
December 16, 2022
Trusts vs Wills Wills and living trusts are the two most frequently used documents for estate planning. When drafting your estate plan, it’s a good idea to understand some of the similarities and differences. Wills In a Nutshell A will, also called a “last will and […]
September 9, 2022
Qualified Income Trusts Explained As a resident of Ohio, you may have heard of a qualified income trust, also known as a Miller Trust. This category of trust is often used by those who wish to qualify for Medicaid coverage of nursing home expenses. To qualify […]
May 20, 2022
Notifying Beneficiaries When someone dies, assets are distributed to beneficiaries named in a will or trust. The probate court oversees this process, validates the will or trust, then directs executors and trustees to gather and distribute assets laid out in the will or trust. Finally, the […]
December 3, 2021
Importance of a Trust A trust is a helpful financial tool to allow you to protect your income and wealth to pass it on to your children safely. Yet if your children are young, you may not want to have your assets go straight to them […]
November 28, 2021
Advantages & Disadvantages of a Trust Is putting your house into a trust a good idea? At Heban, Murphree, and Lewandowski, we get asked this question often. The answer is that several factors influence the approach to estate planning for every individual. So if you’re trying […]
November 16, 2021
How To Start A Trust There can be several reasons why you might want to set up a trust fund. You may do so to create a way to fund an individual, organization, or cause that gives you more control and privacy in how the money […]
December 29, 2020
Contesting a Trust When you challenge the validity of a trust, you go through a process referred to as contesting a trust. The laws concerning this process vary from state to state, so it’s essential to reach out to an attorney experienced in trusts and estate […]