Wills and Trusts
Many individuals appointed as trustee of a trust feel completely unprepared to serve in this role. It is extremely important to meet with a trusted attorney to discuss your legal duties.
Strongly consider having your trust reviewed by one of our estate planning attorneys. Older trusts drafted for couples (especially those written before 2013 for Ohio residents) were designed to reduce estate/death taxes but usually created an income tax problem for the children, but that was the lesser of two tax evils (40% estate tax vs typical 15% capital gains for income tax).