Estate Planning, Probate Administration and Business Counseling are our main practice areas at Valente Law, LLC. Proudly serving clients in Cuyahoga County, Summit County and surrounding areas.

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Trusts

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Trusts are a crucial piece to nearly every advanced estate planning technique. Valente Law is focused on delivering quality trust solutions for estate planning clients.

Revocable Living Trusts are used in advanced estate plans to create additional flexibility, control and cost savings.  Revocable Living Trusts allow for a Trustee to manage your assets after you pass away or become incapacitated.  The Trustee will be in place to take care you and your loved ones if you are ever unable to do so yourself.  The Trustee will be required to follow the rules you set forth in your Trust Agreement.  The Trustee can hold property in trust long after you pass away, so that you can ensure the money is not irresponsibly wasted by the beneficiaries.  The assets in the Revocable Living Trust will avoid probate court, thereby saving on unnecessary probate fees.  Probate fees on an estate with $100,000 in personal assets will be approximately $8,000, and the Revocable Living Trust will totally avoid these costs!  A Revocable Living Trust is a great investment when you consider it this way!

There are many other types of Trusts used in estate planning.  There are medicaid trusts, to keep assets safe from collection if you ever need medicaid.  There are Asset Protection Trusts for individuals who are potential targets for lawsuits.  There are Special Needs Trusts for individuals receiving federal or state benefits. There are Gifting Trusts and other Irrevocable Trusts to help minimize estate taxes.

Valente Law focuses on using the most effective mix of trusts to give clients the best solutions.  We are delivering Trust services to clients in the Cleveland/Akron area and would be happy to speak with you!  Call us now!


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