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3 edition of Your Ohio wills, trusts, & estates explained simply found in the catalog.

Your Ohio wills, trusts, & estates explained simply

Linda C. Ashar

Your Ohio wills, trusts, & estates explained simply

important information you need to know for Ohio residents

by Linda C. Ashar

  • 228 Want to read
  • 23 Currently reading

Published by Atlantic Pub. Group in Ocala, Fla .
Written in English


Edition Notes

Includes bibliographical references and index.

Other titlesYour Ohio wills, trusts and estates explained simply
Statementby Linda C. Ashar
Classifications
LC ClassificationsKFO140 .A983 2010
The Physical Object
Paginationp. cm.
ID Numbers
Open LibraryOL24492728M
ISBN 101601384165
ISBN 109781601384164
LC Control Number2010004090
OCLC/WorldCa316834263

  Everyone needs a living revocable trust, says Suze Orman. In response to several emails and tweets asking why a trust is so mandatory, Orman spells it out. "A living revocable trust serves as far more than just where assets are to go upon your death and it does that in an efficient way," she said. There are two basic types of trusts: living trusts and testamentary trusts. A living trust or an "inter-vivos" trust is set up during the person's lifetime. A Testamentary trust is set up in a.   It is a common misconception that revocable trusts can reduce your family’s taxes. Simply put, a revocable trust never saves money on taxes. For both income and estate tax purposes, a revocable trust is treated as if you own the assets in the trust directly. It is as if the trust isn’t there. An irrevocable trust, on the other hand, is.


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The trusts plan can protect the value of your estate and spare your loved ones unnecessary hassles and legal conflicts. Your Texas Wills, Trusts, & Estates Explained Simply will help you glide through this complicated process. A "living trust" (also called an "inter vivos" trust) is simply a trust you create while you're alive, rather than one that is created at your death.

Different kinds of living trusts can help you avoid probate, reduce estate taxes, or set up long-term property management. Your Ohio Wills, Trusts, & Estates Explained Simply: Important Information You Need to Know for Ohio Residents by Linda C.

Ashar it was ok avg. Trusts come in all shapes and sizes, and many are formed with specific purposes in mind. All living trusts are either revocable or irrevocable, and there are some major differences between the two.

A living trust is one that the grantor—the individual who creates and funds the trust—sets up during their lifetime. form_title=Plan for Your Estate and Complete a Will.

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Put your health care wishes in writing, in case you are ever unable to. A common estate planning technique is the use of a will and testamentary trust together. Under this technique, the will is called a pour-over because the will simply pours property into the trust then the terms of the trust dictate the long-term handling of that property.

During probate, the terms of the pour-over will supersede the terms of Author: Brette Sember. Understanding the basics of estate planning.

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Revocable vs. irrevocable. There are many types of trusts; a major distinction between them is whether they are revocable or irrevocable. Revocable trust: Also known as a living trust, a revocable trust can help assets pass outside of probate, yet allows you to retain control of the assets during your (the grantor's) lifetime.

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