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Living trusts are an integral part of estate planning that can be established and funded during your lifetime. Unlike a testamentary (contingent) trust, which only takes effect upon your demise, a living trust offers a cost-effective and streamlined method to cater to the needs of your heirs, providing absolute peace of mind. While you are still alive, you maintain full control over the assets within your trust, as if they were still under your name. James A. Singler of Singler Law LLC, an accomplished attorney in Cincinnati, Ohio, is here to guide you through this process.
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Living trusts serve as a practical solution for the seamless provision of your children's or other heirs' needs, bypassing the potentially lengthy and expensive probate process. Probate can often be time-consuming and costly, extending for months, or even years. If your heirs reside at a distance, it may indeed pose a significant inconvenience to handle all the involved paperwork. Moreover, living trusts can aid in reducing your heirs' tax burden, removing financial concerns amid a period when their focus should be on navigating the grieving process. For further understanding, schedule a consultation with James A. Singler of Singler Law LLC, a proficient attorney in the field of estate planning based in Cincinnati, Ohio.
At Singler Law LLC, James A. Singler, an esteemed attorney based in Cincinnati, Ohio, maintains a sole focus on Estate Planning law. He assures you retain complete control over the assets placed into a living trust, a tool that also caters to your needs in case of a disability. Absent a living trust or financial power of attorney, the probate court could potentially govern your family's care for you. However, with a living trust, you can designate a trustee, likely a family member or trusted friend, to manage your assets should you become disabled. A living trust is revocable, facilitating amendments to the provisions or even outright cancellation as your needs evolve. This is one of the least complex, yet potent methods to guarantee that those you care about may oversee your assets when you no longer can. Experience the tranquility that accompanies a living trust. Discuss your needs in a consultation with James A. Singler at Singler Law LLC.
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