Ohio Legacy Trusts:
Who? Why? When? Where?
On September 24, 2014, Michael Barnes, of the Johnson Trust Company, discussed the game changing legislation of the Ohio Legacy Trust Act of 2013. By passing this law, Ohio became the 14th state, in the US, to allow domestic asset protection trusts and the benefits it will have for the clients of local attorneys, accountants and financial advisers. Michael provided valuable information on who should consider implementing an Ohio Legacy Trust, why these trusts are useful, when they should be used and how they are implemented and administered.