Ohio Asset Protection Trusts Explained by Cleveland, OH Estate Planning Attorney

Ohio Legacy Trusts and Asset Protection Trusts by Cleveland AttorneyOhio has been on the cutting edge of asset protection trust legislation since enacting its Ohio asset protection trust code in 2013.

Chapter 5816 of the Ohio Revised Code sets forth the rules and regulations for Ohio Legacy Trusts.  Ohio Legacy Trusts are sometimes referred to OLTs.  Ohio Legacy Trusts are a form of Asset Protection Trusts. Specifically, Domestic Asset Protection Trusts (DAPT).Continue reading