Living Revocable Trust Form Ohio

Living Revocable Trust Form Ohio. A living trust is a trust established during a person's lifetime in which a person's assets and property are placed within the trust, usually for the purpose of estate planning. The beneficiaries you name in your living trust receive the trust property when you die.

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This type of trust allows the grantor control over the trust assets, and the ability to change or terminate the trust at any time. After the trust is created it can be revoked or amended at any time, allowing the spouses to remove the assets from the trust should the need arise. Download Legal Documents, Forms, & Contracts!

A living trust or revocable trust is a legal document that is used to pass on your assets to your beneficiaries upon your death.

Revocable living trusts are used to avoid probate and to protect the privacy of the trust owner and beneficiaries of the trust as well as minimize estate taxes.

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You can read about others in the State Bar of Wisconsin's pamphlet, Wills/Estate Planning: Answering Your Legal Questions. Download Legal Documents, Forms, & Contracts! The beneficiaries you name in your living trust receive the trust property when you die.