Today, I will answer a couple of questions I am frequently asked about Living Trusts: Is it Hard to Change my living Trust? When would I want to make a change to my Living Trust?
It is simple to change your living trust. We often refer to this as amending your trust. An amendment is a change to the terms of your trust.
Typically, there are two types of changes that you might want to make to your living trust. The first type of change involves making a minor change to your plan, such as adding a specific gift for a grandchild, or changing the beneficiary, or naming a new or different successor trustee. Our office provides sample amendment forms as part of your trust documents to assist you in making such amendments. You can also make minor changes by crossing out and changing any item and then the Settlor or Settlors initial and date the amendment.
The second type of change involves preparing a more complex amendment. This might be the result of serious health changes, family problems, dramatic change in assets, or modifications required to keep your plan current with changes in the law. Typically, this type of amendment should NOT be done on your own; it is a good idea to seek professional advice. If you are already one of our living trust clients, amending your trust is part of our on-going maintenance of our trust – just call for a trust review, we will be happy to review your trust and assist you in making any necessary changes. We also provide consultation and assistance for new clients.
Mitchell Adel Esq. was recently granted accreditation by the Department of Veterans Affairs and was admitted to the bar of the U.S.. Court of Appeals for Veterans Claims.
Adel may now represent veterans who have been denied disability claims as well as representing them in disputes regarding pensions, education benefits, recover of overpayments, and reimbursement for unauthorized medical expenses. The U.S. Court of Appeals for Veterans Claims, a national court of record, has exclusive jurisdiction to review decisions made by the Board of Veterans Affairs.
Adel graduated from Ithaca College in Ithaca, N.Y., in 1997 and attended Capital Law School in Columbus where he received his Juris Doctorate in 2000. In 2001, he was admitted to the Ohio State Bar. Adel served with the Franklin County Public Defenders office for four years before joining the five attorneys at the Thom L. Cooper Company LPA in 2005.
–– Mount Vernon News
I began my ElderLaw journey long before I went to law school and became an attorney. In fact, I grew up in a household fishing alongside my grandfather, cooking alongside my grandmother, laughing with my uncle and aunt, and being disciplined by my father and mother. My earliest memories are of these times spent listening to stories of how my grandparents lost their home during the depression and how my grandmother walked along the railroad tracks collecting coal to heat the house where my mother was raised. My family lived knowing what it is to work for something, only to lose it when financial times are tough. It was our struggle that inspired me to focus my law practice on ElderLaw as a way to help families like mine and the people I know.
Even after I got married and had children of my own, I kept up the tradition of living in an extended family, but this time, I was the one responsible. Caring for older family members meant seeing more and more problems that demanded attention as they got older: dealing with my mother’s desire to leave a financial legacy; facing a potential catastrophic healthcare situation with my mother-in-law; and attempting to help my grandmother as her hearing and her memory slowly faded, making it impossible for her to effectively communicate.
For so many of us, aging means coming face-to-face with challenges that are frightening to us and to our ￼families – our friends die, our health begins to fail, our memory slowly seems to fade… As we age, we realize that our families may be forced to place us in a care facility and we grasp at a way to maintain our dignity. For the first time, we are facing our own mortality and we feel the need to make sense of our lives and to leave some type of legacy. This is where an experienced, thoughtful ElderLaw attorney can help. It is where I can help and it is my passion and commitment to do so everyday.
I started Thom L. Cooper Company, LPA with the goal of representing my clients in a way that maximizes their independence and minimizes the stress and burden placed on loved ones. For the past twenty years, I’ve been doing just that and time has seen my practice grow to a multi-attorney firm representing clients all across the state of Ohio. Our clients come to us from all walks of life. We have some wealthy clients and some not-so-wealthy clients, but most are somewhere in the middle. We have clients in crisis and some who are just approaching retirement; however, all of our clients have one thing in common: each and every one of them was smart enough to develop a plan to preserve and protect their wealth… “to get their ducks in a row.”
Our firm’s goal today is to find public benefits that may be available to help our clients, and we devote part of our practice to educating Veterans about the benefits that may help them remain independent longer. We are ever aware of conflicts that arise because one benefit program has different rules and qualifications than another, and we help our clients explore options to reduce the risk of outliving their money. We help clients to protect their homes, to protect their assets, and to ensure that their estate will pass to their heirs without the hassles and delays of probate. We keep our eyes open for opportunities to reduce or eliminate death taxes that diminish their legacy.