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In this episode we talk about what happens when you put your home into your Irrevocable Trust. If you'd like more information An Ohio Domestic Asset Protection Trust can provide powerful protection of your assets from creditors, but only if the trust is drafted, An Ohio Legacy Trust (OLT) is a type of domestic asset protection trust (DAPT). The OLT is a relatively new tool in Ohio estate planning attorneys' toolkit.
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For individuals in Ohio who are concerned with the cost of long-term medical care, it is important to consider all relevant planning A DAPT is an irrevocable self-settled trust for which the settlor (creator of the trust) is permitted to be a beneficiary.
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Domestic Asset Protection Trusts (DAPT) Explained by Estate Planning Attorney