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Living Trust Revocable

State:
Ohio
Control #:
OH-E0178
Format:
Word; 
Rich Text
Instant download

Description Living Trust Revocable Document

This form is a living trust form prepared for your state. 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 trust then owns and manages the property held by the trust through a trustee for the benefit of named beneficiary, usually the creator of the trust (settlor). The settlor, trustee and beneficiary may all be the same person. In this way, a person may set up a trust with his or her own assets and maintain complete control and management of the assets by acting as his or her own trustee. Upon the death of the person who created the trust, the property of the trust does not go through probate proceedings, but rather passes according to provisions of the trust as set up by the creator of the trust.

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How to fill out Ohio Trust Agreement?

When it comes to submitting Ohio Living Trust for Husband and Wife with Minor and or Adult Children, you probably imagine an extensive procedure that requires finding a suitable form among hundreds of similar ones then being forced to pay out a lawyer to fill it out to suit your needs. On the whole, that’s a slow and expensive option. Use US Legal Forms and select the state-specific template within clicks.

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Living Trust Revocable