My practices is primarily in the area of estate and tax planning and estate, trust... more
My practices is primarily in the area of estate and tax planning and estate, trust and guardianship administration.I am an Ohio State Bar Association Certified Specialist in Estate Planning, Trusts and Probate Law. In 2008 through 2012,I was named as an "Ohio Super Lawyer" in a legal publication known as "Ohio Super Lawyers" as well as being named in the Best Lawyers in Southern Ohio and The Be... view profile
James ("Jim") J. Chalfie specializes in the areas of estate and tax planning for... more
James ("Jim") J. Chalfie specializes in the areas of estate and tax planning for individual clients, succession planning for small businesses, estate and trust administration, and litigation involving trusts, estates, fiduciaries, and guardianships. Mr. Chalfie is admitted to practice in Ohio, and in the U.S. District Court for the Southern District of Ohio, U.S. Sixth Circuit Court of Appe... view profile
A trust is an arrangement whereby someone owns and manages money or property for another person's benefit. Like a guardianship, a trustee has decision-making authority over the trust property, but no court is involved in the trustee's action–the person who creates the trust defines the scope of the trustee's power. There are many different trust types, including probate trusts, income trusts, spendthrift trusts, and educational trusts. For example, a living trust allows you to manage your property while you are alive and to direct who will manage it if you become incapable of doing so. In essence, you choose your own “guardian” in advance and avoid having the court do it for you. A trust attorney reviews the many reasons for establishing a trust with you, and can ensure your trust will be legally valid.