When planning your estate, flexibility is often just as important as protection. A revocable trust—sometimes called a living trust—is one of the most popular tools for families in Cincinnati who want control over their assets while avoiding probate. Unlike irrevocable trusts, revocable trusts can be modified or even canceled during your lifetime, giving you peace of mind as your circumstances change.
What Is a Revocable Trust?
A revocable trust is a legal arrangement that allows you, the grantor, to transfer assets into a trust while still retaining full control. You can serve as your own trustee, make changes at any time, and revoke the trust entirely if needed.
When you pass away, the trust becomes irrevocable, and your designated successor trustee ensures your assets are distributed according to your wishes—without going through probate court.
Benefits of a Revocable Trust
Many Ohio families choose revocable trusts because of the advantages they provide:
- Avoid Probate – Assets in the trust pass directly to beneficiaries without court delays.
- Flexibility – You can amend or revoke the trust at any time.
- Privacy – Unlike wills, trusts are not public record.
- Continuity of Management – If you become incapacitated, your successor trustee can step in seamlessly.
- Peace of Mind – You remain in control while protecting your family from unnecessary stress.
Revocable vs. Irrevocable Trusts
It’s important to understand the distinction between the two:
- Revocable Trusts – Offer flexibility and ease of change during your lifetime; best for probate avoidance and management convenience.
- Irrevocable Trusts – Permanent, with stronger protection from creditors and tax advantages, but without the option to modify.
Who Should Consider a Revocable Trust?
A revocable trust may be right for you if you want to:
- Ensure your loved ones avoid probate.
- Maintain privacy in your estate planning.
- Keep control of your property while alive.
- Plan for potential incapacity.
- Create a smooth transition for family members after your passing.
Why Work With a Trust Attorney in Cincinnati?
While online forms exist, creating a revocable trust without professional help can lead to costly mistakes. An experienced Cincinnati trust attorney can:
- Draft a legally sound trust that fits your goals.
- Guide you in properly transferring assets into the trust.
- Ensure compliance with Ohio estate planning laws.
- Provide ongoing support as your life circumstances change.
Take the Next Step
A revocable trust gives you the best of both worlds: control today and peace of mind tomorrow. Don’t leave your family’s future to chance.
Protect your family. Call to setup an appointment with Krugler Law. (513) 916-1600.