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Sep 23, 2024 · An Ohio living trust is a document used to manage the distribution of a person's estate without going through the probate process. A living, or revocable, trust allows the person who created the trust, known as the grantor, to also serve as the trustee during their lifetime.
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Living Trust (“Trust”) made on _____, is created by: Grantor: _____ Mailing Address: _____ Hereinafter known as the “Grantor,” agrees to fund this Trust with the assets and property located in the Property Attachment (“Residual Estate”). 2.MARITAL STATUS.
Under the Ohio Trust Code, a revocable trust (sometimes also known as a “living trust”) is a trust that the grantor can amend (change) or revoke (cancel) during his or her lifetime.
The absolutely free Ohio Revocable Living Trust Form can be applied to start a legal trust that is able to be discontinued or repealed by the grantor at any time. This is just one of the most routine kinds of trust.
Download this Ohio Revocable Living Trust Form in order to establish an entity to which you can transfer your chosen assets or property to be held, even after your passing, for the benefit of your heirs or chosen beneficiaries. This continuity of asset management is one of the benefits of a trust.
Under the Ohio Trust Code, a revocable trust ( sometimes also known as a “living trust” ) is a trust that the grantor can amend (change) or revoke (cancel) during his or her lifetime.
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What is a revocable trust in Ohio?
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Similar to a will in terms of protecting your assets, a revocable living trust in Ohio offers some key benefits but also requires different steps to create. Here, we discuss those steps, as well as explain what establishing a living trust could mean for your estate.
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