As estate planning attorneys in Cincinnati, we talk to people every day who want to make sure their loved ones are taken care of after they’re gone. One of the biggest questions we get is: Should I have a Will or a Trust? The answer depends on your goals, but the biggest difference between the two is how your assets are handled after you pass away.

Many people hear the word “trust” and immediately think of something only the wealthy need—but trusts can benefit everyday families too. As an attorney specializing in estate planning and elder law in Cincinnati, Ohio, I’m here to demystify the differences between revocable and irrevocable trusts to help you make informed decisions about your family’s future.

In the first part of this series, we discussed a unique planning tool known as a Lifetime Asset Protection Trust. Here we explain the benefits of these trusts in further detail.

WILLS, TRUSTS, HEALTH CARE directives, POWERS OF ATTORNEY, and LEGAL GUARDIAN nominations are on many of our hearts and minds as COVID-19 compels us to FACE our own FRAGILITY and MORTALITY.

Both WILLS and TRUSTS are estate planning documents that can be used to pass your WEALTH and PROPERTY to your loved ones upon your death. However, TRUSTS come with some distinct ADVANTAGES over WILLS that you should consider when creating your plan.

Probably every parent who has watched the news lately has felt the heartbreak over what’s happening to immigrant families at the border due to the Trump administration’s immigration regulations.

It always surprises me to hear parents who have a child with special needs tell me that they were not aware of what they needed to do to ensure the future well-being and care of their child is properly handled. Or sometimes, they tell me they didn’t know they needed to do anything at all.