When you create a spendthrift trust, you can work with an attorney to create a formal trust document that follows Ohio guidelines for valid trust creation. Your attorney will help you to facilitate the process of transferring assets into the trust. The spendthrift trust protects an inheritance because the person who is inheriting and who is irresponsible with funds does not actually own the funds or get control over the entire inheritance. Learn more about spendthrift trust in this presentation.
Zimmer Law Firm
Estate Planning & Elder Law Attorneys
