Setting Up a Trust

Lake County Ohio Courthouse for civil litigation

Create a Trust

Creating a trust establishes a legal entity that holds property or assets for the person who created it or a beneficiary of the creator’s choosing.
Some common reasons for setting up a trust include:

  • Providing for minor children or family members who are inexperienced or unable to handle financial matters
  • Providing for management of personal assets should one become unable to handle them oneself
  • Avoiding probate and immediately transferring assets to beneficiaries upon death
  • Reducing estate taxes and providing liquid assets to help pay for them
  • The terms of a will are public while the terms of a trust are not so privacy makes a trust an attractive option

Contact Moseman Law Office to see what kind of trust might be right for you.