Step 1: Decide Why You Need a Trust Fund

Every trust fund has a purpose. Some families create them to:

• Provide for children or grandchildren.
• Protect assets from probate or creditors.
• Support a loved one with special needs.
• Leave a charitable legacy.

Knowing your goals will help determine the type of trust you need.

Step 2: Choose the Right Type of Trust

Not all trusts are the same. Common options include:

• Revocable Living Trust – Flexible and can be changed during your lifetime.
• Irrevocable Trust – Permanent but offers stronger protection.
• Special Needs Trust – Provides care without affecting government benefits.
• Charitable Trust – Directs assets to causes you care about.

Step 3: Select a Trustee

The trustee is the person or institution responsible for managing the assets in the trust. This could be:

• A family member you trust.
• A professional trustee (such as a bank or law firm).
• A combination of both.
• Your trustee should be reliable, financially responsible, and willing to carry out your wishes.

Step 4: Fund the Trust

Creating the trust document is only half the process—you must also transfer your assets into it. This can include:

• Real estate
• Bank accounts
• Investments
• Business interests
• Personal property

Without properly funding your trust, it won’t serve its intended purpose.

Step 5: Work with an Experienced Attorney

Trust law is complex, and even small mistakes can cause major problems later. An experienced trust attorney can:

• Draft legally sound documents.
• Ensure compliance with Ohio estate laws.
• Guide you through funding and administration.

Take the Next Step

Setting up a trust fund may feel overwhelming, but you don’t have to do it alone. With the right guidance, you can create a plan that protects your family and secures your legacy.
Protect your family. Call to setup an appointment with Krugler Law. (513) 916-1600.