Trusts are a critical estate-planning tool too often overlooked as too complex for use by the average family, or only necessary for the administration of large estates. The reality is that establishing trusts can have many benefits, including healthcare decision making, bequeathing a family business or other significant property, tax mitigation and planning, caring for children or adults with special needs, and the privacy that comes with administering an estate outside the public process of probate court. In fact, the many benefits of a trust mean they can often pay for themselves. An estate-planning or trust administration attorney in Cleveland can help you determine the best uses for you and your family.
Trusts do not have to be expensive to establish or overly complex and can benefit most estates in a number of ways, including: Reducing income or gift taxes, protecting assets from creditors or other liability, providing income, and protecting the government benefits of beneficiaries with special needs. Common types of trusts established by trust administration attorneys in Cleveland:
Most trusts are designed to operate outside the supervision of probate court. So when disagreements over trusts arise, it’s critical that you contact an experienced trust administration attorney in Cleveland as soon as possible. Common issues that arise with trusts include:
The Law Offices of Daniel McGowan, LLC, represents clients in probate and estate matters throughout the Cleveland area, including Lakewood, Rocky River, Fairview Park, Shaker Heights, Cleveland Heights, South Euclid, East Cleveland, Linndale, Brooklyn, Parma, Brook Park. Newburgh Heights, Cuyahoga Heights, Brooklyn Heights, Warrensville Heights, Maple Heights, Garfield Heights, Bratenahl and Euclid. Call 216-242-6054 today for a confidential consultation with an experienced trust administration attorney.
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