Buechner Haffer Meyers & Koenig Co., LPA
P 513-401-8759

Trusts Archives

Choosing the right trustee by Steve Hoffsis

Many people understand that a living trust helps them avoid probate. This is true, to the extent that the trust is funded at the time of death. A trust can be a wonderful estate planning tool for many reasons, including the ability to avoid the time, expense, and publicity of probate. It can also be wonderful tool to support the needs of beneficiaries who are too young to receive an inheritance all at once, who may have special needs, or who may need financial oversight and guidance.

Quick fix: Modifying or terminating an unproductive non-charitable irrevocable trust by Brian J. Hirsch

Often in our estate planning practice we encounter clients who long ago executed a non-charitable irrevocable trust that is no longer productive or that no longer functions as intended. This can be caused by a number of issues, such as changed circumstances in the life of the grantor, significant depletion (or negative performance) of trust assets, changes in tax laws, or the trust simply outlasting its purpose due to the prolonged life of the grantor. Perhaps the terms of the trust need to be tweaked, or perhaps the trust should be terminated altogether.

When trust beneficiaries have substance abuse problems (published in the January 2014 Cincinnati Bar Association magazine)

by Robert W. Buechner, Shareholder, and John J. Venturella, C.P.A. (Shareholder and Tax Services Chair at Clark, Schaefer, Hackett & Co.)

Buechner Haffer Meyers & Koenig Co., LPA

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Cincinnati, OH 45202

Phone: 513-579-1500
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