Is Your Trust Dated Before 2007?

Ohio Trust Law changed significantly effective January 1, 2007, when the Ohio Trust Code went into effect.  Since that date, on numerous occasions, we have reminded our clients via snail mail, email, or in-person of this important date and suggested that serious consideration be made to update any trust that was dated before the Ohio Trust Code went into effect.

As a result of the law changes in 2007, we significantly revised our trust templates to comport with the Ohio Trust Code, which provides many benefits to settlors, trustees, and beneficiaries of trusts.  In addition, we now draft our trusts in a way that can be easily updated if significant changes like those made to the Ohio Trust Law in 2007 occur in the future.

If it's been awhile since you've reviewed your trust, we suggest that you dust it off and call us for an appointment to review you trust and other estate plan documents.  As a reminder, the rule of thumb is to schedule an appointment to review your estate plan every five years to make sure that your documents reflect the current laws and your wishes and estate planning goals.