Trust Attorneys in Dayton
Working with Miami Valley & Western Ohio Clients to Protect Their Assets
People often hear the word ‘trust’ and think, “That’s for wealthy people—not for me.” This common misconception most likely stems from charitable trusts that many wealthier philanthropists have established upon death to financially support causes that are important to them.
However, trusts are not only for the wealthy. On the contrary, they can be for just about anyone. A trust is another type of estate planning document, like a will, that gives a person control over what will happen to their assets upon that person’s death.
One of the big advantages of a trust is its customizability. The creator of the trust (known as the grantor, donor, or the settlor) can control with much greater detail the administration of his or her assets.
Are you worried that your children will not be able to properly handle the money that they will inherit from you? You can specify exactly when your children receive the money and how much they will receive at any given time, breaking it up into increments if desired.
A trust is completely private, whereas a will is not. Also, unlike a will, a trust allows you to avoid the lengthy and expensive probate process.
Do not make the mistake of thinking that trusts are not for people like you. Everyone should be planning for the future. That means you, too.
Contact an experienced Dayton trust lawyer at Lovett & House for an appointment. We will listen to your needs and concerns and determine if a trust is right for you and your situation.
Your Family's Peace of Mind is Priceless
Read Our Former Clients' Five-Star Reviews
Our compassionate and through approach to Estate Planning makes a real difference in our clients' lives. Read reviews in their own words below.
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"The Best Customer Service"George and his crew provide the best in customer service and have an outstanding work ethic. They have always been there to help us when needed!- Mark S.
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"He Made It Easy"Bill was very friendly, knowledgeable, and kind. He made Estate Planning fun, fast and easy. We both feel relief to know our wishes are spelled out and our assets are protected!- Sherry C.
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"Peace of Mind"He explained each step 100 percent. He takes the time to talk WITH you, not TO you. I am so thankful I went to his seminar and took advantage of the free consultation.- Rosa S.
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"Made It Easy to Understand"George Lovett made our estate planning easy to understand and informative. He used our personal information to create a plan that was tailor-made to us.- Pamela O.
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"Expertise & Attentiveness"We were very pleased with the service, expertise, and attentiveness we received. We are glad that we choose Lovett & House for this.- Pat D.
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"A Pleasure to Work With"George Lovett has helped my family tremendously. He always explained our options and took care of us with the utmost professionalism.- Marlene W.
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"Easy to Understand"They made it easy to update our estate planning needs. All our questions were answered in easy to understand language and we didn't feel overwhelmed.- Rita S.
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"Very Helpful"he Estate Trust planning was easy to do with the Lovett & House. George H. Lovett and William H. House were very knowledgeable and helpful.- Judith A.
Why Should I Create a Trust?
There are many reasons why someone may wish to create a trust; however, the main reason is to control his or her assets in the event of death or disability. Estate planning encompasses much more than drafting a will. With proper estate planning, you remain in control of your finances during your lifetime and after your death. Trusts can help you accomplish both of these goals. Because there are many types of trusts available, you should discuss each of your options with a qualified lawyer before making a final decision on what type of trust will accomplish your goals.
Avoid Probate
When you die, your assets are distributed to your heirs. Some people do this through a will, while others allow the state to decide who will receive their property. Depending on the estate and the issues involved, the probate process can be long, expensive, and a matter of public record. The probate court controls the process, and the court reviews and approves every transaction. In some cases, the probate process can tie up assets for months or even years thereby denying surviving family members the access to money they need to pay living expenses. If there are matters that must be litigated, such as objections by heirs, contested claims against the estate, or other probate litigation, the court could freeze the assets until the pending issues are resolved.
By utilizing a trust agreement, you can make it possible to distribute your assets to your heirs without the intervention of the probate court. There are also strategies for avoiding estate taxes by using a trust to distribute your property upon your death. Our trust attorneys can explain in detail how you can make it possible for your spouse, children, and other family members to receive your property without the time-consuming and sometimes expensive process of probating your estate. In addition, your financial affairs will remain a private family matter rather than open to the public.
Experienced Dayton Trust Attorneys
The attorneys at Lovett & House have years of experience assisting individuals with developing plans to manage their assets during their life, in times of incapacity, and after their death. There are numerous types of trusts that you can utilize depending on your goals and needs.
Contact our office at (937) 909-0770 to schedule an appointment with one of our trust attorneys to discuss how a trust can work for your benefit and the benefit of your loved ones.
