Free Living Trust

A living trust is a way for you to set aside funds for quicker distribution for caring for your minor children disabled family members or pets.

Free living trust.

Unlike a will a trust does not go through the probate process with the court. A living trust is a document that allows individual s or grantor to place their assets to the benefit of someone else at their death or incapacitation. Free living trust forms a living trust is a legal form devised and drafted to transfer a person s assets to designated beneficiaries when that person dies. The ohio revocable living trust form is a document which places the assets and property of the grantor into a trust so that their heirs will avoid probate when the grantor s estate is distributed.

To set up a living trust you first create a revocable living trust document and appoint a trustee. Therefore the person that is selected as the successor trustee will oversee that all the property in the trust will transfer to the beneficiary at the time of the grantor s death the beneficiary and the successor trustee are often the same person. A living trust is designed especially for the survivors to avoid probate. Unlike a will revocable trusts are not subject to probate at the grantor s death so the trust document is not made public.

Living trusts are well known estate planning devices for families. The grantor will continue to benefit from their assets during their lifetime and as opposed to an irrevocable living trust they retain the right to revoke or amend their trust. Assets can also be designated to support you if you become incapacitated and cannot manage your finances yourself.