What are the benefits of a trust?
A trust exists when one person (grantor) gives property to another person (trustee) to manage for one or more other persons (beneficiaries).
An estate plan can include a single trust or multiple trusts depending on the needs and complexity of an estate.
Some examples of trusts include:
It is important to understand that there is no one size fits all plan and why it is important to speak to an attorney who specializes in estate planning. Bart Leonardi is a certified estate planning specialist – 1 of only 20 specialists in the Cleveland, Ohio area, and 1 of only 150 certified specialists in the state of Ohio.
A trust can be a valuable estate planning vehicle, but they are not always appropriate for everyone.
Reach out to Bart Leonardi to discuss your estate planning needs.