The short version
People search for dynasty trust lawyers in Ohio and also ask, in the same breath, whether a dynasty trust is revocable or irrevocable and what its problems are. Explain what a dynasty trust is, why Ohio allows one to run for centuries, who it actually suits (families with assets meant to pass beyond the next generation), what it protects against, and the honest trade-off: it is irrevocable, so control and flexibility are what you give up in exchange for protection. Answer the revocable question in plain words, and name the running costs of keeping one alive (trustee, administration, tax filings).
OUTLINE, TO BE WRITTEN
- Why this comes up for Ohio families and owners
- What the law actually says
- The mistake people make
- What we recommend checking first
Talk it through
If this describes your situation, a free introduction is the fastest way to find out whether it needs work at all.
