Wills & Trusts

Vidovich Law can assist you with the creation of Wills and Trusts to ensure your estate is distributed according to your wishes.

Wills

A will is a legal document that expresses a person’s wishes regarding the distribution of their property after death and names an executor to manage the estate. Key elements include:

• Testamentary Capacity – You must be of sound mind to create a valid will
• Proper Execution – Ohio requires the will to be signed by the testator and witnessed by two competent adults
• Revocation – A will can be revoked by creating a new will, physical destruction, or written revocation

Trusts

A trust is a fiduciary arrangement that allows a third party, the trustee, to hold assets on behalf of beneficiaries. Types of trusts include:

• Revocable Living Trust – Can be modified or revoked during your lifetime
• Irrevocable Trust – Cannot be changed after creation, offers tax benefits
• Testamentary Trust – Created through your will and takes effect after death
• Special Needs Trust – Provides for a disabled beneficiary without affecting government benefits

Why Choose a Trust Over a Will?

While both wills and trusts can distribute your assets, trusts offer several advantages:

• Avoid probate process
• Maintain privacy (wills become public record)
• Can take effect during incapacity
• May reduce estate taxes
• Provide ongoing management of assets

Please call us today at (844) 529-8436. We are happy to answer any questions you have.