When is a Trust Necessary?
For business owners in Ohio, it is important to create a Trust. By establishing a Revocable Living Trust during your life, if you become disabled or deceased the Trustee appointed will be able to immediately take control of your company.
If you only have a Will, there could be weeks of delay before your Executor is appointed by the Probate Court. This delay can result in employees not being paid on time and other missed deadlines.
Here are four more advantages to using a Trust as opposed to just a Will along with a link to an article discussing each in more detail:
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Elliott Stapleton Attorney with CMRS Law