Complete Estate Planning: Recent Episodes
Nick Rosenbauer
Do you know what will happen to your loved ones when something happens to you? If you don’t know the answer, or don’t like the answer, then this is the show for you. Listen up as we teach you about protecting your family legacy through better estate planning. The host of the Complete Estate Planning Podcast is Attorney Nick Rosenbauer of the Cincinnati area.
Think your beneficiary forms have your estate plan covered? Nick explains why naming beneficiaries is important but may still leave gaps in how your wishes are carried out. He looks at the bigger picture of estate planning and why having the right pieces working together can make things much easier for the people you leave behind. A plan can look complete on the surface and still miss something important.
Here’s some of what we discuss in this episode:
🧩 Beneficiaries vs. Estate Plans: Beneficiary designations are one piece of a larger plan
🏦 Beneficiary Designations: POD and TOD instructions can transfer specific assets outside probate
⚠️ Beneficiary Limitations: Account rules may restrict who receives assets and how they receive them
📋 Complete Estate Planning: Items that require a broader safety net
📜 Role of a Will: A will provides catch-all instructions and names someone to legally act for the estate
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
Facebook: https://www.facebook.com/CincinnatiEstatePlan/
LinkedIn: https://www.linkedin.com/company/rosenbauer-law-office-llc/
Choosing a guardian for your child is one of the most emotional—and important—decisions you'll make as a parent. But should you choose the people you trust most today, or the people who will be best equipped years from now? In this episode, Nick explains why guardianship is a long-term commitment and why thinking beyond today's circumstances can help protect your child's future.
Here’s some of what we discuss in this episode:
⚖️ Trust vs. Practicality: Finding the right balance
📋 Estate Planning: Guidance for growing families
👶 Guardian Choice: More than today's needs
⏳ Long-Term Thinking: Plan for the next 22 years
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
Selling a home after a loved one passes away isn't as simple as putting up a "For Sale" sign. Nick explains why probate can delay the sale of estate real estate, what legal steps must happen before a home can be listed, and the common mistakes that create even longer delays. Whether you're serving as an executor or helping settle a loved one's estate, Nick helps you understand what to expect and how to keep the process moving.
Here’s some of what we discuss in this episode:
🏠 Probate Process: Why homes get stuck
⚖️ Legal Requirements: Authority before selling
📝 Selling Steps: Getting to closing day
⏳ Realistic Timeline: What to expect
👨👩👧 Family Sales: Fair market value matters
🧭 Executor Guidance: Avoid costly delays
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
“My dad left everything to me... but do I have to tell my sister she was left out?” It's a difficult situation that blends legal obligations with family relationships. Nick explains when the law requires disclosure, when it doesn't, and why the answer often depends on whether probate is involved. Before having a difficult family conversation or deciding not to, it's important to understand what your responsibilities actually are.
Here’s some of what we discuss in this episode:
⚖️ Probate Rules: When the law requires heirs to receive notice
📜 Trust Privacy: How trusts and beneficiary designations change disclosure requirements
❤️ Family Dynamics: Balancing legal obligations with personal relationships
👨👩👧 Sibling Relationships: How inheritance decisions can affect the future
💬 Practical Guidance: Questions to consider before deciding what to share
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
Many people believe disinheriting someone is as simple as writing them out of the will or leaving them one dollar. In reality, certain family members have legal rights that cannot always be eliminated, while others may still receive notice of the probate process even if they inherit nothing. Understanding the difference can help create an estate plan that better accomplishes your goals.
Here’s some of what we discuss in this episode:
⚖️ Who Can Be Disinherited: Which family members can—and can't—be easily excluded
👨👩👧 Built-In Legal Protections: Why spouses and children often have special rights
💵 The "$1 Inheritance" Myth: Why this popular strategy usually backfires
📋 Smarter Planning Options: How trusts and beneficiary designations can help avoid probate
🤝 Protecting Your Wishes: Why proper legal guidance makes all the difference
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
Your child just turned 18—does that blow up your old estate plan? Nick breaks down what really happens to guardianship instructions once your child becomes a legal adult. You’ll learn why your plan doesn’t automatically self-destruct, but why milestones like an 18th birthday are powerful prompts to review roles and documents. Use this conversation as a checklist moment to make sure your documents still match your family’s reality.
Here’s some of what we discuss in this episode:
👨👦 Adult Child: Estate plan after turning 18
📋 Inheritance Review: Reassessing beneficiary readiness
🔔 Life Events: Good review opportunities
✅ Plan Checkup: Keeping documents current
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
Most people spend time deciding who should inherit their assets. Far fewer consider what happens if that person isn't around to receive them. In this episode, Nick tackles one of the most overlooked estate planning questions: what happens when a beneficiary passes away before you do? If your estate plan hasn't been reviewed in years, or if you've never thought about these "what if" scenarios, this conversation highlights why future-proofing matters.
Here’s some of what we discuss in this episode:
🔄 Backup Planning: Preparing for life's unexpected turns
👨👩👧 Future-Proofing: Accounting for future generations
📜 Inheritance Paths: Where assets go when plans change
🏆 Survivor Rules: Common beneficiary backup strategies
💍 In-Law Questions: Navigating family dynamics
🔍 Regular Reviews: Keeping plans current over time
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
Your parents created a trust. The trust was funded correctly. The inheritance is simple. Everything appears to have been done right. So, do you really need a lawyer?
Nick answers a question many successor trustees eventually face: if the trust is working exactly as intended, can you simply distribute the assets and move on? Nick explains why even straightforward trusts can involve legal responsibilities and discusses when professional guidance may be helpful.
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
Most people think estate planning is simply deciding who gets their assets after they die. In reality, a complete estate plan answers two very different questions: who can help if you're still alive but unable to manage your affairs, and who takes over after you're gone. In this episode, Nick breaks down the key documents that apply during life versus after death and provides a practical roadmap to understanding the complete estate planning picture.
Here’s some of what we discuss in this episode:
🔍 Planning for Life: Powers of attorney and medical decisions
📋 Financial Authority: Who can act on your behalf
🏥 Medical Directives: Making healthcare wishes known
🛡️ Trust Protection: Planning for incapacity and inheritance
📜 Wills & Guardianship: Decisions after death
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
Nick answers a difficult question many families unexpectedly face: what happens if a parent passes away and no one can find a will? He explains what families should do during the search process and how missing paperwork can create major complications during probate. Need help protecting your loved ones from unnecessary chaos? Tune in for Nick’s practical tips on estate planning and organization.
Here’s some of what we discuss in this episode:
🔍 No National Database Exists
📄 Clues Matter
⏳ Don’t Wait Forever
⚖️ No Will Creates Problems
🧭 Organization Protects Family
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
Nick tackles a surprisingly complicated estate planning question: how do you leave money to grandkids when each of your children has a different-sized family? What sounds simple on the surface quickly becomes a conversation about fairness, equality, future grandchildren, and family dynamics. Nick walks through several common ways families structure inheritances for grandkids, along with the pros, cons, and unintended consequences of each approach.
Here’s some of what we discuss in this episode:
⚖️ Fair Isn’t Always Equal
🌳 Family Branches Matter
🧩 Every Option Has Tradeoffs
👶 Future Grandkids Count Too
📄 Intentional Planning Helps
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
Being named executor might feel like an obligation, but it’s not always one you have to accept. Nick walks through what happens if you’re unexpectedly chosen, what your options are, and how to properly step away if it’s not something you want to take on. Make an informed decision before you act, because handling it the right way upfront can save a lot of stress later.
Here’s some of what we discuss in this episode:
📜 You Can Decline: Being named doesn’t mean required
✍️ Make It Official: Step down the right way
⚠️ Don’t Ignore It: Inaction can create liability
🏛️ When Court Steps In: Someone will still need to step up
🔍 Check the Backup: Know who takes over next
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
For a lot of families, season tickets are more than just seats, they’re traditions, memories, and something worth passing down. But when it comes to actually leaving them to your kids, things get more complicated than most people expect. Nick walks through how these situations really work and what you need to think about ahead of time. Because this is one of those areas where the details matter more than you think.
Here’s some of what we discuss in this episode:
🎟️ It’s a Contract: You don’t fully “own” the tickets
⚠️ Transfer Limits: Teams control who can receive them
📄 Read the Fine Print: Rules vary by organization
🏛️ Planning Matters: Beneficiaries or trusts can help
👨👩👧👦 Family Impact: Multiple heirs can create tension
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
Getting your parents to plan their estate can be one of the toughest financial conversations to have. While most of us are proactive with our own plans, it’s a different story when it comes to helping our parents get theirs in order. Can you start their estate plan without them? Unfortunately, the answer isn’t simple. Nick discusses how much involvement your parents need in the estate planning process, and why their willingness to participate is crucial. He also explains how you can help grease the wheels while still making sure that the plan is ultimately theirs to approve.
Here’s some of what we discuss in this episode:
👨👧 Parental Responsibility
📝 Children’s Role
💡 Strategies for Encouraging Action
👥 Spousal Involvement
💬 Communication is Key
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
It sounds like smart planning… naming your child or grandchild as your executor, trustee, or power of attorney now so you don’t have to update your documents later. But when that person is still under 18, things aren’t as simple as they seem. Today, Nick explains that while the idea comes from a good place, it can create real legal and practical problems when those roles are actually needed. He also covers smarter ways to structure your plan, so it works when it actually matters, not just on paper.
Here’s some of what we discuss in this episode:
⚖️ Legal Reality: Minors cannot legally serve in fiduciary roles
🚫 Practical Limits: Naming them early doesn’t mean they can act when needed
🔮 Future Planning: Using minors as backup options requires careful structuring
🧩 Real-World Impact: Legal eligibility doesn’t always equal capability
📌 Better Approach: A well-structured plan avoids unnecessary risk
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
You created your estate plan years ago and your wishes haven’t changed, so why is your attorney telling you it’s outdated? Nick breaks down why older estate documents can create friction, delays, or even roadblocks when your family needs them most. The truth is, even if your intentions stay the same, the laws surrounding estate planning don’t, and those changes can quietly impact how effective your documents really are.
Here’s some of what we discuss in this episode:
🧾 Update Your Plan: Laws change, even if your wishes don’t
⚖️ Legal Changes: Trusts, POAs, taxes, and HIPAA laws evolve over time
🏥 Real-World Risks: Outdated documents can cause delays or rejection
🛡️ Be Proactive: Regular updates protect your family and avoid headaches
🔄 Stay Current: Work with an attorney who reviews plans every few years
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
Co-owning property can feel like a practical solution, whether it is family inheritance, investment opportunities, or helping someone buy a home. But when the co-owner is not your spouse, you are stepping outside the legal “default rules” that typically protect married couples. That means more risk, more potential conflict, and more need for planning. In this episode, we walk through six of the most common co-ownership scenarios and highlight what can go wrong and how to think ahead.
Here’s some of what we discuss in this episode:
🏠 Co-ownership turns you into business partners
⚖️ Ownership structure matters more than you think
💥 Disagreements can lead to forced sales
👨👩👧 Adding someone to a deed has major consequences
❤️ Good intentions don’t prevent bad outcomes
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
When people think about estate planning, they focus on their kids, assets, and legacy, but what about their pets? In this episode, Nick explains what really happens to animals when someone passes away and how a simple plan can protect them (and avoid awkward family situations). He walks through how to make sure your animals are cared for and not just left behind.
Here’s some of what we discuss in this episode:
🐾 Simple Transfer: How to name a caregiver in your plan
💵 Add Support: Leave money to help with care
🏦 Pet Trusts: Set aside funds for long-term needs
🦎 Exotic Pets: Require more detailed planning
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
Nick tackles what happens when cognitive decline enters the picture and estate planning still isn’t done. He explains how mental capacity is assessed in real life and why waiting for a health scare can seriously limit your options. Don’t wait until your loved ones are left in a crisis, because acting early can make all the difference.
Here’s some of what we discuss in this episode:
🧩 Estate Planning Delays: Many families wait until a diagnosis forces the conversation
🧠 Testamentary Capacity: Legal standard for whether someone can sign estate documents
⚖️ Capacity Evaluation: How attorneys determine if someone can still make decisions
🚨 When It’s Too Late: Guardianship or conservatorship may become the only option
👨👩👧 Family Protection: Planning early prevents legal battles and court involvement
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
Debt doesn’t magically disappear when someone passes away, but it doesn’t always work the way people assume, either. Nick answers a common question: will what you owe reduce what your children receive? The reality depends on how your estate is structured and what type of obligations you’re dealing with. Tune in to hear what happens to your money, and your bills, after you’re gone.
Here’s some of what we discuss in this episode:
🎓 Student Loans – Federal vs private differences
⚖️ Probate Claims – How creditors get paid
🛡 Avoiding Probate – Structuring assets strategically
🏠 Debt Types – Secured versus unsecured debt
✅ Smart Planning – How to protect your estate
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
It’s tempting to think estate planning is just filling out forms and moving on. But when something happens, those papers have to perform under pressure. Nick expands on why estate planning is bigger than documents and why professional guidance matters more than most people realize. The real value isn’t in printing paperwork, it’s in making sure your family isn’t left with confusion, stress, or costly problems later.
Here’s some of what we discuss in this episode:
📜 Document Reality – Forms must function when tested
💻 Online Gaps – No legal review or guidance
📊 Higher Levels of Mistakes – High user error revealed, upwards of 80%
🔄 Ongoing Planning – Life and laws keep shifting
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
More couples today keep their finances separate, especially in second marriages or blended families. But when it comes time to create an estate plan, questions naturally follow. Can everything still be handled together? Does keeping assets separate create complications? In this episode, Nick explains how couples can approach estate planning thoughtfully, transparently, and in a way that aligns with their comfort level.
Here’s some of what we discuss in this episode:
⚖️ Inheritance Coordination: Aligning plans without legal obligation
🏛 Joint vs Separate Trusts: Why joint trusts may be off the table
📞 Intro Call Process: Clarifying comfort and confidentiality
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
You come in asking for a will and suddenly the conversation gets a lot bigger. Powers of attorney, medical documents, trusts… it can feel overwhelming or even suspicious. In this episode, Nick lifts the fog and clearly explains why estate planning often involves more than you expected. It’s an honest look at what a complete plan really means and why those extra conversations matter.
Here’s some of what we discuss in this episode:
📄 Beyond a Will: Why one document isn’t enough
❓ Misconceptions: Common assumptions people make
⚖️ What a Will Covers: And where it falls short
🏥 Healthcare Decisions: Planning for medical incapacity
🛡️ Trust Planning: When added protection makes sense
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
Facebook: https://www.facebook.com/CincinnatiEstatePlan/
LinkedIn: https://www.linkedin.com/company/rosenbauer-law-office-llc/
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
You walk into an attorney’s office asking for a simple will, and suddenly you’re being told you “need” a trust. Is that good advice… or just an upsell? Nick explains how estate planning recommendations should actually work, and why a trust isn’t always about complexity or cost. Listen through to discover the key red flags, and green flags, to watch for in your own estate planning conversations.
Here’s some of what we discuss in this episode:
📄 Will vs. Trust: Understanding the real differences beyond the paperwork
🧩 When Trusts Make Sense: Situations where a will can fall short
⚖️ Fiduciary Responsibility: What a good attorney is required to do
🗣️ Asking Better Questions: How open conversations lead to better plans
🛡️ Protecting Intentions: Making sure assets pass the way you expect
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
You’re legally allowed to do probate without an attorney, but should you? Probate often looks simple at first glance—forms, checklists, and online instructions make it feel manageable. But the real risk shows up after the paperwork begins. Nick explains why many executors start confidently and end up overwhelmed, exposed, or stuck fixing costly mistakes. He helps clarify when probate can be handled alone, and when professional guidance protects more than just the estate.
Here’s some of what we discuss in this episode:
🧾 Probate Basics: What probate actually involves beyond filing forms
⚖️ DIY Reality: Why legal permission doesn’t equal practical simplicity
🧠 Hidden Complexity: Local rules, deadlines, and unwritten expectations
🚧 Executor Risk: Personal liability that surprises most people
💰 Cost Tradeoffs: Legal fees versus the price of mistakes
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
Have you received a letter asking you to “verify” your trust information and wondered if it was legitimate or a scam? Nick breaks down why these letters are becoming more common, what they actually mean, and how trustees should respond without putting themselves at risk. It’s a conversation every trustee and trust owner needs to hear as banks tighten verification procedures. Knowing what to do next could save you from a costly mistake.
Here’s some of what we discuss in this episode:
🚨 Requests can look like scams but are often legitimate
🏦 Walking into a branch can also verify the request
🧠 Letters typically ask for trust name, date, trustees, and SSNs
📅 Requests may come years after your trust is created
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
Navigating probate can be daunting for any trustee or executor. In this episode, Nick offers crucial guidance to help you understand your responsibilities and avoid common pitfalls. Learn why simply relying on paperwork isn’t enough and why careful attention is essential. If you’ve been named a trustee or executor, this episode is a must-listen.
Here’s some of what we discuss in this episode:
📂 Getting Organized: Sorting assets before mistakes are made
🔍 Probate vs. Non-Probate: Knowing what’s “stuck” and what isn’t
🏦 Accounts & Beneficiaries: Reading statements the right way
🛡️ Insurance & Annuities: Why beneficiary digging matters
💼 Retirement Plans & Pensions: What passes on and what doesn’t
🏠 Real Estate & Vehicles: Ownership rules that vary by state
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
Worried about scams targeting your property? How real is this threat, and how worried should you actually be? In this episode, Nick explains how property deed scams work and walks through simple, free steps you can take today to monitor your property and protect yourself without panic. Tune in to get clarity on this trending concern and easy ways to protect yourself.
Here’s some of what we discuss in this episode:
🏠 Property Scam Basics: What deed fraud actually is
🕵️ How It Happens: Forged deeds and fake identities
🔎How Likely Is It? Understanding the unknowns
🏛️ County Alerts: Free fraud notification systems
🛡️ Protection Options: County tools vs. paid services
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
This question has been trending and on the rise: “Why wait until we’re gone to help the people we love?” Nick explores the “Prodigal Son” approach, advancing an inheritance while you’re still alive, and why it’s becoming more common. You’ll also hear how generosity today can be done thoughtfully, without creating unintended problems tomorrow.
Here’s some of what we discuss in this episode:
🎄 Seasonal Update: Winter Sports and Year-end planning
💸 Inheritance Advance: What it actually means for you
⚠️ Pitfalls: Fairness, documentation, and family tension
🧾 Ways to Do It: Let’s take a look at gifts, loans structured options
⚖️ Legal Planning: Protecting everyone involved
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
What do you do when your adult children aren’t responsible with money but you still want to make sure they’re taken care of after you’re gone?
Today we answer a question facing many parents about what estate planning options are available when you’re worried about handing over an inheritance to kids who will likely mishandle it. Nick explains the practical, realistic options parents have when an adult child may never be “money-ready.” Whether the concern is financial immaturity, addiction, or lifelong poor habits, we’ll show you why “controlling from the grave” isn’t negative and often the most loving choice.
Here’s some of what we discuss in this episode:
🎯 Not “controlling”, protecting - Supportive guardrails, not punishment.
📝 Trust rules matter - Income-only, installments, or full discretion — you choose.
🧑⚖️ Pick the right trustee - The job must match the complexity.
🏦 Corporate trustees are options - Especially when oversight is lifelong.
🔍 Define needs before picking people - Build the rules, then choose who enforces them.
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
Serving as an executor can feel like being dropped into the middle of a complicated project without a clear instruction manual. The role comes with legal duties, financial responsibilities, and emotional pressure, often during a time of grief. Many executors start the job with good intentions but make avoidable mistakes simply because they do not know the rules. This episode breaks down the most common pitfalls so first-time executors can understand what causes problems and how to steer clear of them.
Here’s some of what we discuss in this episode:
🏡 Protect the assets - Secure the home, valuables, insurance, utilities.
📜 Follow court rules - Missing deadlines = real consequences.
💸 Never mix money - Separate estate account only.
🧾 Track every expense - Receipts, statements, documentation.
💀 Understand debts & taxes - IRS, final returns, estate income — all unavoidable.
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
A heartbreaking moment becomes even more stressful when an executor walks into the bank with a will and death certificate, only to be told they can’t access a parent’s accounts. In this episode, Nick tackles a common scenario that trips up many families settling estates. Discover the hidden steps and expert guidance that can make all the difference.
Here’s some of what we discuss in this episode:
🏦 When the Bank Says No: why your will and death certificate aren’t enough
📜 Court Approval Required: the legal steps missing before you can access accounts
⚖️ Get Legal Guidance: why an estate attorney must be part of the process
📚 What To Do Next: practical steps and resources for new executors
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
Nick digs into what it really feels like to be handed the responsibility of administering a parent’s trust, something most people assume will be simple until they’re the one in charge. This conversation puts the process into plain language, easing the fear and confusion that often comes with suddenly being “the one” who has to handle everything. It’s a down-to-earth reminder that the job is doable, especially when you understand what matters most.
Here’s some of what we discuss in this episode:
📘 Trust Administration Basics: what it means to be “the one in charge”
🏛️ Trusts vs. Probate: why a trust avoids court but still requires work
📢 Beneficiary Notices: what must be shared and why you can’t skip it
💼 Managing Assets: securing accounts, property, and everything in between
🧾 Taxes & Record-Keeping: final filings, surprise forms, and why timing matters
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
Ready for a surprise in estate planning? Imagine picking up the phone to learn you’re now responsible for an old family will, one you barely remember, for someone you hardly see. What now? Nick talks about what happens when you’re named executor of a will you never expected to handle and what your real options are. It’s a reminder that roles in an estate plan are voluntary, flexible, and meant to reflect current relationships, not old assumptions. You may have far more freedom here than you think.
Here’s some of what we discuss in this episode:
🙅 Voluntary Roles: being an executor or trustee is a choice, not an obligation
🚪 You Can Step Down: executors can resign or decline without legal penalty
👤 Check the Backup: knowing who’s next in line helps you decide wisely
🔄 Update Regularly: wills should evolve as families grow and circumstances change
🗣️ Communicate Early: talk through executor roles as adult children become capable
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
When siblings inherit a house, conflicting ideas about its future can turn a family asset into a source of tension. In this episode, Nick explains the importance of clear communication, fair valuations, and formal legal steps to avoid disputes. Tune in to discover practical strategies to resolve differences and protect relationships while handling a shared inheritance.
Here’s some of what we discuss in this episode:
💰 Buyouts Explained: how to fairly compensate each heir
⚖️ Legal Remedies: what a partition action means and how it works
📈 Rental Potential: turning an inherited home into an investment
🧾 Fair Valuation: why professional appraisals are critical
🤝 Family Harmony: how clear communication can prevent future disputes
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
Estate planning can feel overwhelming, especially when it’s unclear what’s expected of you and what your attorney will handle. In this episode, Nick demystifies the estate planning process and explains exactly what to expect. You’ll learn how to prepare, what decisions are most important, and how to work together for the best results. Ready to take the guesswork out of estate planning? Tune in and get a better understanding of your role in the process.
Here’s some of what we discuss in this episode:
⚖️ Attorney’s Role: How your attorney shapes your estate plan with legal expertise
📋 Client Responsibilities: What you need to bring and share with your attorney
🗣️ Open Communication: The importance of transparency and honesty during the process
🏡 Family Dynamics: Understanding the role of family and asset distribution in your plan
👨⚖️ Partnering for Success: Estate planning is a partnership—what you bring and what your attorney provides
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
Remarriage can bring joy, companionship, and a fresh start, but it also raises complicated financial and family questions. Nick tackles one of the most common challenges blended families face: how to provide for a new spouse without jeopardizing your children’s inheritance. He explains how thoughtful estate planning can protect both sides, prevent future conflicts, and give you peace of mind knowing your loved ones are secure.
Here’s some of what we discuss in this episode:
💍 Remarriage Realities: financial and emotional challenges of later-life marriages
💸 Common Hurdles: managing property, inheritance, and family expectations
🏠 Smart Solutions: how to protect your spouse’s housing rights without giving up ownership
📜 Detailed Planning: legal tools and trust strategies that balance fairness and control
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
Most people know they should have a will, but over half of Americans never get around to it. In this episode, Nick breaks down what really happens when someone passes away without one, and the difficult complications that follow. He also shares guidance for those trying to help aging parents who refuse to finalize their wills and explains how his firm helps families navigate these complex situations.
Here’s some of what we discuss in this episode:
⚠️ Understanding the Risk: what happens legally and emotionally when someone dies without a will
❌ Why People Delay: common excuses and misconceptions that keep families unprepared
🏛️ Dying Intestate: how the state decides who’s in charge and who inherits
📜 Executor & Probate: what the court process looks like and why it’s more complicated without a will
💬 Guidance for Families: how to help loved ones plan ahead, or handle it when they don’t
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
Even the best-written will or trust can be undermined if your beneficiary designations, account titles, or ownership structures aren’t in sync. In this episode, Nick breaks down how these critical details interact and why they ultimately decide where your assets end up. Learn how to avoid common pitfalls and ensure every part of your estate plan works together seamlessly, so your wishes don’t fall by the wayside.
Here’s some of what we discuss in this episode:
📄 Coordinating Documents: making wills, trusts, and accounts work together
🧾 Beneficiary Priority: why designations override your will or trust
🏛️ Will-Based Planning: using beneficiaries to avoid probate delays
👥 Joint Ownership Risks: why adding names can create hidden problems
⚠️ Common Mistakes: outdated or missing designations that derail plans
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
Navigating the world of power of attorney isn’t as simple as waving a piece of paper, institutions don’t always just take your word for it. Nick breaks down what you need to prepare in advance and shares practical tips to help you turn that “paper” into real power. Don’t let red tape slow you down, get your ducks in a row now, so you’re ready when it matters most.
Here’s some of what we discuss in this episode:
🍬 Candy Tax: Nick’s take on parents “inspecting” their kids’ candy a little too thoroughly
⚖️ Power of Attorney Problems: why having the document isn’t always enough
🚧 Common Roadblocks: what stops banks and hospitals from honoring your authority
🧩 Overcoming Challenges: practical steps to make your POA actually work
🧠 Plan Ahead: preemptive measures and smart tips to avoid future hassles
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
In today's episode, we're tackling a common dilemma: "How do you pick the right executor when you have multiple children?" This question often arises in families with multiple adult children, where feelings of fairness and equality are important. Nick shares his insights on the pros and cons of naming co-executors and why assigning the job to someone capable is essential for a smooth estate process.
Here’s some of what we discuss in this episode:
📝 Executor Role: It's about assigning a responsible job, not showing favoritism
⚖️ Co-Executors: They promote transparency but can complicate the process
💡 Prioritize: Focus on getting the job done, not on avoiding hurt feelings
💸 Family Conflict: Inheritance distribution, not the executor role, is often the real source of tension
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
When it comes to estate planning, one document can make all the difference in protecting your family and finances: the power of attorney. But not all POAs are the same. In this episode, Nick explains the key differences between a springing power of attorney and an immediate power of attorney and why choosing the wrong one can leave your family frustrated, delayed, and even financially vulnerable.
Here’s some of what we discuss in this episode:
📝 Why powers of attorney aren’t all created equal
⚡ The convenience of Immediate POA
⏳ The delays and hurdles of Springing POA
👨👩👧 The role of trust and family dynamics when making a decision
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
When parents pass away without naming a guardian, who decides what happens to their children? In this episode, Nick explains why leaving this decision blank in your will—or not having a will at all—can leave your kids’ future in the hands of the probate court.
Here’s some of what we discuss in this episode:
👶 Not naming a guardian leaves decisions to the court
📝 A “C+ choice” is better than no choice at all
🔄 Use a reverse draft to narrow guardian options
⏳ Revisit decisions every 3–4 years
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
When parents or spouses pass down an inheritance while they’re still alive, families can quickly find themselves in tricky territory. Parents helping with a down payment or a loan to a child can feel generous in the moment, but often raises hard questions. What’s fair? How do we keep the peace? In this episode, Nick shares how to make sure today’s decisions don’t spark tomorrow’s family feud.
Here’s some of what we discuss in this episode:
🏡 Why many parents help with down payments today
⚖️ How to keep inheritance fair among siblings
❤️ Why keeping peace sometimes matters more than “fairness”
📜 Why clear documentation avoids family conflict
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
More families are facing the difficult reality of cognitive decline in parents or loved ones. What happens if dementia sets in before an estate plan is updated? Can changes still be made, and how do you know when it’s too late? In this episode, Nick breaks down testamentary capacity, the legal standard for whether someone can create or update a will or trust, and shares what options families have when a loved one begins showing signs of decline.
Here’s some of what we discuss in this episode:
📑 How attorneys test for mental capacity
🚫 Why hiding problems from your lawyer backfires
⏰ Why estate plan checkups are essential
🛡️ Steps to ensure documents are legally airtight
🧠 What “testamentary capacity” really means
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
Leaving an inheritance to a child who struggles financially can feel like walking a tightrope. You want to provide support, but you don’t want your hard-earned legacy wasted, mismanaged, or taken advantage of. In this episode, Nick unpacks practical strategies to help parents strike the right balance and explains how to create a plan that protects your children while preserving your peace of mind.
Here’s some of what we discuss in this episode:
🚧 Why trusts provide guardrails for children with money struggles
🎯 Using age milestones or tiered distributions
💵 Monthly stipends to prevent lump-sum waste
🛡️ Protections against divorce, creditors, or bad influences
🔑 Balancing structure with flexibility for the future
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
In this episode, Nick tackles a listener question about estate planning: Is it necessary to set up a trust to impose conditions on how an inheritance is distributed? Is their lawyer just trying to upsell them with unnecessary services? Nick breaks down when a will is sufficient and when a trust becomes essential for controlling the inheritance process.
Here’s some of what we discuss in this episode:
📝 Inheritance Conditions: Why certain conditions need a trust
💵 How a trust can protect your wishes
👨👩👧👦 Tailoring plans to your unique family situation
🤔 What to expect during your first meeting with an Estate Planner
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
Fifth Third Bank recently made headlines offering “free wills” to customers through an online partner. Sounds great… but as Nick explains, this offer may be more dangerous than helpful. In this episode, Nick breaks down the fine print of the program, reveals how these DIY wills are often riddled with problems, and explains why a one-size-fits-all solution rarely works when it comes to your legacy. Nick shares firsthand stories about online estate documents gone wrong, and what to do instead.
Here’s some of what we discuss in this episode:
💻 Free online wills: What you’re really getting
🚨 False sense of security that could hurt your family
🧾 Validity concerns across different states
🛠️ DIY planning vs. expert legal advice
⚖️ The real cost of getting it wrong
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
It’s a tough topic, but a common one. In this episode, Nick answers a listener question: Can I disinherit one of my children without creating problems for the others? Nick walks through the right way to do this, and spoiler: leaving them $1 (like in the movies) isn’t the best strategy. In fact, that move could actually give the disinherited child legal rights you’re trying to avoid.
Here’s some of what we discuss in this episode:
📝 The simple clause that protects your wishes
🔒 Why avoiding probate becomes even more important
🧠 Plan ahead, your trustee will thank you
🍿 Estate planning: less Hollywood, more real-life
🤝 Protect your other kids and your executor
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
A family member dies, and sometime later, you receive legal paperwork in the mail from a probate attorney or court. Maybe you were expecting an inheritance, maybe you weren't—but now you're staring at documents asking you to sign waivers, consents, or acknowledgments. You're unsure what they're for, whether you're legally required to respond, and what could happen if you don’t.
In this episode, we’ll explain why you might receive these documents, what they mean, and how to handle them whether you’re a beneficiary, a legal heir, or just a name on a mailing list. You’ll also hear his reflections on coaching a 1–15 Little League team, as the baseball season wraps up and his blood pressure finally returns to normal.
Here’s some of what we discuss in this episode:
📬 Why probate paperwork might show up unexpectedly
🧾 What those scary legal forms actually mean
🕵️ When to be suspicious and when not to worry
🕰️ The deadlines and risks of doing nothing
📞 When it’s worth hiring your own lawyer
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
Thinking about starting your estate plan but holding off because you might buy a business, inherit money, or move across the country? According to Nick, waiting is a mistake, and he’s got a great analogy to explain why. In this episode, he walks through what to do when you know big life changes are on the horizon.
Just like you wouldn’t buy a two-seater sports car if triplets were on the way, you shouldn’t build a short-term estate plan you’ll have to throw away. But that doesn’t mean doing nothing either. Nick explains how to plan ahead intelligently by building in flexibility and “future-proofing” your documents. Waiting for life to settle down is tempting, but estate planning isn’t something you leave to chance.
Here’s some of what we discuss in this episode:
🔑 How to “future-proof” for business, inheritance, or real estate
📅 Why checkups every 3–4 years are essential
🛠️ Add flexibility now, amend later
🤝 Communication with your attorney
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
📞 📅 Schedule Your No-Cost Consultation: https://cincinnatiestateplan.com/contact/
🎓 Join Us for Our Next Workshop:
https://cincinnatiestateplan.com/workshops/
Jimmy Buffett left behind a $275 million legacy, a boatload of beach vibes, and—surprise, surprise—a full-blown legal mess. In this episode, Nick digs into the estate drama brewing between Buffett’s wife and his longtime business manager. On paper, it looked like a smart setup: a co-trustee arrangement designed to keep things running smoothly. In reality? Let’s just say the blender’s been on high speed.
Here’s some of what we discuss in this episode:
⚖️ Wife vs. business manager: co-trustee clash
💰 $1.7M trustee fee—ripoff or reasonable?
🎧 Cassette tape memories & Buffett beach trips
🧾 Missing income, withheld info, and growing suspicions
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
Here’s a situation most people don’t really think about: what happens if one of your beneficiaries dies before you do? It’s not just a legal formality, it’s a scenario that can create confusion, delay, and unintended consequences for your estate plan. If your plan doesn’t account for this possibility, state law might decide where the money goes, and the results could be far from what you intended.
In this episode, Nick breaks down what actually happens in these cases and why your estate documents need clear, thoughtful instructions for life’s unexpected turns.
Here’s some of what we discuss in this episode:
⚠️ What happens when your plan doesn’t have a backup
📜 How to properly structure contingencies in your will
👨👩👧👦 Why most people want assets to stay “in the family”
🛑 The legal dangers of outdated documents
📞 When a death should prompt a check-in with your estate attorney
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
A family business is often more than just an asset—it’s a legacy. But passing it on after the death of the owner can create big challenges, especially when some heirs want to keep it running and others want out. In this episode, we dig into the legal and practical issues of transferring ownership of a family business through an estate plan. We’ll look at common scenarios where one child is involved in the business while others are not, how to handle buyouts fairly, and how to avoid turning your business succession into a battleground. Spoiler alert: planning ahead is key.
Here’s some of what we discuss in this episode:
🤝 How to keep things fair when only one child is interested
🛑 The co-ownership risks that can tear families apart
💸 Why cash (or lack of it) complicates everything
🧠 The importance of setting expectations before there’s a problem
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
When it comes to estate planning, assigning roles to your loved ones can feel overwhelming, especially when you're considering putting one person in charge of multiple responsibilities. In this mailbag episode, Nick addresses a common listener question: Can my daughter be both the executor of my will and my healthcare power of attorney? Or is that too much for one person?
Here’s some of what we discuss in this episode:
📜 Executor vs. healthcare POA—what's the real difference?
🧠 How to pick the right person for the right job
💉 Why Nick won’t do medical duties
📅 Why most roles don’t overlap in timing
👨👩👧👦 Can one child handle multiple responsibilities?
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
Losing a spouse is an emotionally overwhelming experience, and in the midst of grief, legal and financial matters often feel like the last thing anyone wants to think about. But making sure your estate plan reflects your new reality is one of the most important steps you can take after a loss. This episode walks through the essential updates and reviews that surviving spouses need to consider.
Here’s some of what we discuss in this episode:
📋 Why reviewing fiduciaries is your first priority
🏛️ How inheritance plans can (and often should) shift
🧾 Updating your final wishes and medical directives
🔄 What to do with assets, accounts, and beneficiaries
🕊️ How to grieve, breathe, and move forward at your pace
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
Today, Nick answers a thoughtful question from parents trying to strike the right balance: they want their kids to receive their inheritance at age 25, but also want to carve out early access for a first car or a home down payment. The catch? They’re worried about getting the numbers wrong, especially with inflation, rising costs, and the unpredictability of the future. Nick breaks down two smart strategies to help parents plan with confidence.
Here’s some of what we discuss in this episode:
📆 Why age-based inheritance isn’t always enough
🚗 Planning for car purchases without overdoing it
📈 How to account for inflation in your estate plan
🧠 Why discretion and flexibility are your best tools
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
When people hear the term “power of attorney,” they often assume it’s a one-size-fits-all document that gives someone authority to handle everything if they become incapacitated. There are actually two completely different types of powers of attorney. In this episode, Nick breaks down how each one has its own purpose, responsibilities, and potential pitfalls. You’ll learn how they’re different, what each involves, and why choosing the right person for each job can make a world of difference in how smoothly things go if you can’t speak or act for yourself.
Here’s some of what we discuss in this episode:
⚖️ Different jobs, different documents and one won’t cover it all
🚫 One POA = Incomplete protection for your loved ones
👥 Pick wisely: the right person for each role matters
⏳ Avoid chaos: clear documents now = fewer problems later
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
When you set up a trust but don’t have a friend or family member you trust to manage it, what’s your next move? In this episode, we answer a question on a sensitive and critical decision in estate planning: how to choose the right corporate trustee? Should you go with a big national firm or a smaller local institution? Does it matter if you already have a relationship with the bank or company?
Here’s some of what we discuss in this episode:
🔍 What to consider before choosing your trustee
🧑⚖️ Pros & cons of large vs. local trust companies
🗺️ Why your family’s location matters more than you think
🗂️ How existing relationships can streamline the process
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
When someone passes away, their bills and debts don’t just disappear, but that doesn’t mean their family has to rush to pay everything immediately. In this episode, we explain how debts are handled after death, what families (especially executors) need to do, and what to expect if no one has access to the deceased’s money yet. We’ll also clear up common fears about personal liability and explain how reimbursement works when someone covers bills out of pocket.
Here’s some of what we discuss in this episode:
⚠️ Why family members are usually not personally liable
📆 Which bills can wait — and which can’t
🏠 How to prevent foreclosure, damage, or utility shutoffs
🧾 How to get reimbursed if you front estate-related expenses
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
Most parents try to split up everything evenly for their children but how do you do that with a home? While bank accounts and retirement funds can be easily divided, a house poses unique challenges. It’s a very common estate planning discussion in our office and one that we recently got asked about.
What are the options for splitting a home between multiple children? You can’t exactly slice a house in half. Would they be forced to sell it?
Today, we’ll walk through the practical and legal considerations of dividing an asset like this, offering insight into different approaches depending on whether the home is to be sold, kept, or passed on with sentimental value in mind.
Here’s some of what we discuss in this episode:
💡 What to do if one heir wants to keep the house
🧾 Options for equalizing inheritance when a home is involved
⚖️ Why co-ownership among siblings can create future conflict
📋 Why every plan needs flexibility and clear communication
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
Lending money to a child is common, whether it's for buying a home, starting a business, or getting through a tough financial patch. But when it comes time to plan your estate, that unpaid loan can create real complications. Should you forgive the debt when you die? Or treat it as an advance on that child’s inheritance and reduce what they receive? An estate plan will utilize two primary approaches to resolving these loans, and we’ll discuss the pros and cons to each.
Here’s some of what we discuss in this episode:
⚖️ The pros and cons of forgiving vs. equalizing through inheritance
📜 Why documentation and clarity in your estate plan are essential
🤝 Avoiding family conflict with open communication and planning
🧾 The importance of promissory notes and written records
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
What happens when your name is on a parent’s bank account or home as a co-owner, yet their will says everything should be split among the three siblings? That’s the situation we’re addressing in this video to help the co-owner understand what options you have when it comes to splitting the inheritance up.
Here’s some of what we discuss in this episode:
🏠 What happens when you're a co-owner on a parent’s bank account or home
🛡️ How to avoid family conflict with a clear, customized estate plan
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
Even if you’re planning to leave everything to just one person, like an only child, it might feel like you don’t need an estate plan. After all, what could be simpler than passing everything on to a single heir? But estate planning isn’t just about how many people you’re leaving assets to. It’s about how you leave things, making sure your wishes are honored, minimizing complications, and protecting both you and your heir.
In this episode, we unpack why an estate plan is still essential, even when you have only one heir, and explore the smart, simple, and safe ways to pass on your assets.
Here’s some of what we discuss in this episode:
⚠️ Probate still applies—even with one beneficiary
🏠 Adding your child to the deed or account can cause major problems
🛠️ Tools like TODs and trusts can simplify transfers the right way
🧾 Estate planning also protects you if you become sick or incapacitated
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
What happens when you have assets in your name but you don’t really consider them yours? It’s not that uncommon to work with people who need to account for things like a parent’s home or a child’s bank account in their estate plan.
In this episode, Nick answers a listener’s question about how to handle assets that fall into this category while avoiding confusion in the future.
Here’s some of what we discuss in this episode:
⚠️ Legal & Tax Risks – The hidden dangers of holding assets for others
🔄 How to Fix Ownership Issues – Steps to clean up your financial situation
📜 Avoiding Probate & Inheritance Conflicts – Why proper planning is crucial
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
A well-drafted trust should protect your assets, ensure your wishes are followed, and make things easier for your loved ones. However, even estate planning attorneys can make mistakes that lead to costly problems. In this episode, we’ll cover four major mistakes attorneys make when drafting trusts—so you can recognize and avoid them in your own estate plan.
Here’s some of what we cover:
✅ Fund Your Trust: Unfunded trusts force assets into probate.
🔄 Plan for the What-Ifs: Backup trustees & beneficiaries are essential.
📆 Review Regularly: Life changes & tax laws can impact your trust.
👨👩👧 Customize Your Plan: One-size-fits-all trusts don’t work for unique families.
0:00 – Today’s question
1:51 – Coaching update
6:10 – Failing to Properly Fund the Trust
10:14 – Contingency Planning
14:55 – Reviewing and Updating the Trust
17:12 – Generic Planning
20:17 – Our process
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA?sub_confirmation=1
When it comes to children’s inheritance, should they all receive their share at the same time, or should each child wait until they reach a specific age? In this episode of Complete Estate Planning, Nick answers a common question: Is it fair for older children to receive their inheritance while younger siblings wait?
Here are some of the key topics we’ll cover:
💰 Should all kids inherit at the same time? Pros & cons of different approaches
⚖️ Fair vs. equal: Why these aren’t always the same in estate planning
🔄 Partial distributions: A smart way to balance fairness & financial maturity
📜 Real-life examples: How other families have structured their children’s inheritance
0:00 – Today’s question
0:47 – Common scenarios
2:37 – What are your options?
5:40 – Most common approach
Our website: https://cincinnatiestateplan.com/
Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA
Facebook: https://www.facebook.com/CincinnatiEstatePlan/
LinkedIn: https://www.linkedin.com/company/rosenbauer-law-office-llc/
One of the biggest decisions a married couple faces when setting up an estate plan is whether to create a joint trust or separate trusts. The right choice depends on several factors, including how they manage their finances, asset ownership, and estate planning goals. In this episode, we’ll break down the pros and cons of each option and discuss when a joint trust makes sense versus when separate trusts are the better choice.
A joint trust can be ideal for couples with shared finances and assets, simplifying estate management. On the other hand, separate trusts offer more flexibility and protection, particularly for couples with different financial situations, blended families, or distinct estate goals. We’ll break down the key scenarios for each choice and provide insight into how your specific needs can influence the right decision.
Here’s what we discuss in this episode:
0:00 – Intro
0:39 – Show update
4:37 – Joint trust
7:17 – Separate trust
11:25 – What do clients choose?
13:31 – Can you change after?
16:57 – Key takeaways
💻Our website: https://cincinnatiestateplan.com/
☎️Phone: 513-463-6789
📱Contact our team: info@CincinnatiEstatePlan.com
⏰Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/
🗓Join us for our next workshop: https://cincinnatiestateplan.com/workshops/
📚Check out our free resources here: https://cincinnatiestateplan.com/free-resources/
Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA
Facebook: https://www.facebook.com/CincinnatiEstatePlan/
LinkedIn: https://www.linkedin.com/company/rosenbauer-law-office-llc/
We talk a lot about estate planning on this show, but what about the other side of the equation- inheritance? Today, we’re diving into how people screw it up. There are plenty of ways to go wrong, but we’re breaking down the five biggest mistakes Nick sees people make when they receive an inheritance.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
Many people start out with a will, but is there a time when it makes sense to upgrade to a trust? Is it possible, and what does that process look like? We’ll walk you through the steps, share when it might be the right time to make the switch, and explain how to make it happen in today's show.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
Understanding whether a Special Needs Trust is necessary can be complex, especially if your child isn’t receiving Social Security Disability benefits. In this episode, we explore the purpose of Special Needs Trusts, how they work, and why they might still be a crucial part of your financial plan. Don't miss these valuable insights to help secure your child’s long-term care and financial stability.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
Estate planning covers a wide range of scenarios, and most often, it involves taking care of your family or spouse. But what happens if you’re not married and still want to ensure your partner is provided for? In this episode, we’ll explore key considerations, differences, and arrangements to keep in mind when planning for such situations.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
Life is unpredictable, and sometimes the unexpected can happen. Today, we’re discussing a tough scenario: what if you undergo surgery and don’t make it? Tune in as we explore key estate planning precautions you can take to prepare for such situations.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
What happens when your spouse passes away? What comes next? In today's show, we'll discuss some important action steps to take, key estate planning documents to review, beneficiary designations to consider, and much more.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
How many 'what-ifs' do you need within your estate plan? In this episode, we’ll dive into the importance of contingencies in estate planning and walk you through the step-by-step process Nick and his team follow to ensure every detail is covered.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
We’re always talking about how important it is to have an estate planning attorney. But what if your attorney is actually screwing some things up? Today, we’re diving into 8 ways they might be getting it wrong. Contact: 513-463-6789 info@CincinnatiEstatePlan.com
Are you considering tackling your estate plan on your own? While it's certainly possible, the dangers of DIY estate planning often hide beneath the surface. In today's episode, we're going to bring some of those issues to the forefront and share why working with an estate planning attorney is well worth it.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
As the election approaches, many are wondering how the outcome might affect their finances and taxes- but have you thought about your estate plan? In this episode, Nick covers some of the potential estate planning implications of both candidates and what their policies could mean for you. Tune in to stay informed and prepared.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
You’ve established your estate plan- does that mean you’re all set? Not quite! Regularly reviewing and updating your estate plan is important. But when should you do this? In today’s episode, we’ll discuss some key moments in life that call for updates and guide you through the regular review process. Contact: 513-463-6789 info@CincinnatiEstatePlan.com
Is privacy a concern for you in estate planning? In this episode, we dive into essential strategies to protect both your family’s confidentiality and your estate. Tune in to learn how proactive planning can shield your family from the public eye and avoid complications down the road. Contact: 513-463-6789 info@CincinnatiEstatePlan.com
In today’s episode, we’re breaking down the differences between two types of power of attorney: springing and immediate. What sets them apart? And why might choosing an immediate power of attorney be the smarter option for you? Stay tuned to find out!
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
Most people want to leave their money to their children. But what happens if the primary beneficiary isn’t around to receive it? In that case, the gift lapses and a backup beneficiary is designated. A common question is whether to name your child’s spouse as the backup beneficiary. In today’s episode, Nick will explore some […]
When it comes to estate planning, one of the biggest concerns is taxes. What will be owed? How will these taxes be paid? How much can actually be passed along to your heirs? Join us as we dive into the various taxes trustees and executors need to be aware of when settling an estate.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
When it’s time to settle an estate and start selling off assets, you might have friends and family looking for good deals. But is it wise to make deals? How should you go about selling these assets? What’s the best way to document and transfer everything? Today on Complete Estate Planning, we’ll break down these […]
In today's episode, we're talking about passing down valuable assets such as family businesses and farms. Whether you're unsure how to divide your estate among multiple children or want to ensure your legacy is preserved, this episode is for you. We'll explore key considerations, essential questions, and how Nick goes about this with his clients.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
In this episode, we’re exploring two different paths you can take when designating benefits. We focus on the pros and cons of itemizing individual accounts versus dividing a percentage of your entire estate. We also look at how each approach can impact your financial legacy. Tune in as we break down these strategies to help […]
One of our favorite ways to bring you estate planning education on the show is by answering your questions! In today’s episode, Rich asks about the annual limits for tax-free gifting, gifting to trusts with protections, and common mistakes regarding estate and lifetime GST tax returns. Elaine asks for advice on leaving a portion of […]
The recent passing of O.J. Simpson has stirred up a legal storm that we’re going to unpack in today’s episode. Simpson’s estate is a convoluted web of trusts, lawsuits, and debts that Nick will try to help us untangle from an estate planning perspective. He’ll also take us through the possible scenarios that could unfold […]
Last episode, we started a special two-part series where Nick guided us through the steps involved when someone passes away. We're here to finish up this discussion today. Listen in as Nick talks about what it looks like to settle a trust after death in Ohio. Although trusts can vary widely in complexity depending on the terms of the document, this episode will give you a good idea of how settling a trust differs from the probate process.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
We've talked about probate here on the show before, but what does the process look like from start to finish? Join us for a special two-part series, where Nick will guide us through the steps involved when someone passes away. In this episode, we'll outline the key stages of the probate process (based in Ohio). Don't miss our next episode, where Nick will walk through the process of settling a trust!
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
Our podcast listeners frequently send in questions for Nick. In today's show, we've chosen a few questions to chat about on the air. For example, one listener asks if they need an estate plan since they're single, childless, and have a financially independent family. Another asks if there is a way to assist their aging mother with her finances without entirely removing her independence through estate planning. Stay tuned for some valuable insights here on Complete Estate Planning!
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
You've probably heard the old saying, "What you don't know can't hurt you." But when it comes to inheritance conversations with your children, that isn't entirely true. Stay tuned as we share some crucial considerations for navigating these estate-planning conversations with your loved ones.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
With home prices continuing to climb, a house ends up being the most valuable asset for many families. However, it can also be the most difficult to deal with in an inheritance after someone passes away. One of the biggest issues people run into is the owner passing away while the house still has a mortgage or a line of credit against it.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
The Corporate Transparency Act (which was enacted in January of 2021) has taken effect as of January 2024. Under the new law, small businesses have new disclosure and reporting requirements with the Financial Crimes Enforcement Network. This law is retroactive and includes businesses that were already in existence BEFORE the CTA went into effect. Along with the new requirements, there are significant fines/penalties for being in violation of the law. Listen in as we talk about what you need to know!
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
Many people automatically think of how to handle or “plan” for their assets when estate planning comes to mind. However, inheriting someone’s assets is only one piece of the puzzle. This is why someone asking “How much money do I need to have before I create an estate plan?” is always the wrong question. Let’s cover a number of estate planning goals that have nothing to do with someone’s assets.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
An important (and often overlooked) part of estate planning involves arranging for a person to have their medical needs taken care of. This usually involves a combination of appointing a decision maker (your power of attorney agent or surrogate, depending on the state you live in) and using an advanced directive to affirmatively state your wishes. Most states include certain decisions where you can either make the decision yourself or leave the decision to your healthcare decision-maker.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
We have listeners from all over the country reach out and ask us estate planning questions, so we thought it would be helpful to answer some of those questions on the podcast today. One listener asks how to handle partial business ownership interest in a small business. Another listener asks about the most effective and beneficial way to leave a donation to charity upon their passing. Stay tuned to see how Nick answers these questions and more!
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
We’ve spent many episodes discussing how important trust funding is to your estate plan (assuming a trust is a part of your plan). However, the process can be tedious at times. Many attorneys don’t handle the trust funding for the clients (or only provide minimal guidance), which can lead to further trouble. On top of that, various banks, employers, and investment firms can often frustrate clients even further. A good, experienced attorney should be able to navigate clients through any roadblocks, warn them of potential issues, and have options for how to finish the job when issues come up.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
Have you ever wondered what happens to assets that you don't have full control over, like stock options or family businesses? Listen in as we chat about the complexities of assets that come with strings attached. What can you do with these while you're alive, and what happens when you're gone? Tune in for those answers and more on today's show!
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
Picture this: You leave your lawyer's office after completing your estate planning documents. You might think this is the end of the process, but that's not necessarily the case. Stay tuned as we discuss the arrangements you need to make beyond the legal paperwork to ensure your affairs are in order.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
Many couples automatically assume that, after one spouse passes away, the survivor will retain control of everything. Certainly, that is the “default." However, certain factors can complicate matters. Issues of trust, control, blended families, and separate finances mean it is important to understand all of your options before deciding on the best plan.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
In our increasingly interconnected world, it's becoming more common for individuals to own assets not just in their local area but across state lines and even international borders. Join us as we explore this scenario that has been coming up a lot at the Rosenbauer Law Office. Listen in as we discuss the challenges and strategies for effectively handling assets that are far from home.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
Over a lifetime, people can accumulate a lot of “stuff”. This can ultiply as families have children and later inherit from parents or grandparents who pass away. While many accounts and assets have a rather “straightforward” process to pass on, some unique, rare, collectible, and/or expensive personal effects require more care in handling. We’ll walk through the various items to consider.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
One of the most important parts of the estate planning process is choosing the right people as “fiduciaries” to handle affairs on your behalf if you get sick or pass away. This can include medical, financial, and legal decisions while living as well as managing your estate (and possibly children) after you are gone. While […]
Once estate planning documents are signed, it is important to keep them both safe AND accessible. Many people do not consider the importance of where to store your documents after they are prepared. One option that some people use is allowing their attorney to store the original documents at their office. Tune in as Nick discusses what this looks like.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
Once estate planning documents are signed, it is important to keep them both safe AND accessible. Many people do not consider the importance of where to store your documents after they are prepared. One option that some people use is allowing their attorney to store the original documents at their office. Tune in as Nick […]
Aretha Franklin, known by many as the “Queen of Soul,” died back in 2018. While she has been gone for a number of years, there have been a number of mysteries surrounding her estate. This has included a lawsuit concerning the validity of a handwritten Last Will & Testament that was found after she passed away.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
Aretha Franklin, known by many as the “Queen of Soul,” died back in 2018. While she has been gone for a number of years, there have been a number of mysteries surrounding her estate. This has included a lawsuit concerning the validity of a handwritten Last Will & Testament that was found after she passed […]
When thinking about an inheritance, most families visualize individual “shares” for each beneficiary (whether a $ amount or % of the overall estate). For families with children, they very often create equal shares for each child. Sounds fair, right? Well, what would happen if there was a large age difference in the children? Are there ways that can go wrong?
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/
Lisa Marie Presley (who was the only child of Elvis Presley) died back on January 12 th , 2023. She left behind her mother (Priscilla Presley), and her daughter (Riley Keough). Her son (Benjamin Keough) passed away a couple of years ago. Since her passing, there has been a significant court battle over Lisa’s estate plan. We did a previous podcast when the legal battle first began. Since that time, settlements have been reached.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
There are a lot of misconceptions when it comes to joint ownership and how it applies to certain situations. In this episode, Nick will be discussing some pitfalls that can happen when there's an asset with joint ownership and why you need a comprehensive estate plan to be fully covered.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
When you develop a relationship with any professional in a specific industry, it's common knowledge that you do not have to be close friends in order to work together. But should you at least like the person you're working with? Today, Nick will be discussing why you need to be comfortable with your attorney and some of the different relationship dynamics he sees in his practice.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
While there is NEVER a substitute for a complete, well-thought-out estate plan, shortcuts and alternative ways to transfer your assets DO exist. Many types of assets allow beneficiary designations, transfer-on-death or pay-on-death designations, succession plans for businesses, etc. One of the most popular questions that clients often ask is about what to do with real estate. Because real estate is usually one of the most valuable assets that families will ever own, choosing the appropriate way to transfer real estate upon passing is very high risk, high reward.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
When people think of their “estate” within estate planning, many common assets come to mind. There are proper protocols and procedures for transferring bank accounts, investments, retirement accounts, vehicles, real estate, etc. However, a new type of asset has come into play in the 21st century: digital assets. While the law has tried to play catch-up on how to handle digital assets, there are certain things that can be done now to make sure this part of your estate is properly handled if you become ill or pass away.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
In most circumstances, it is best to work with an estate planning attorney who is local and understands the laws of the state you live in. However, special consideration needs to be given to people who have a residence in multiple states and those who travel frequently. What if you set up your plan in your “home state” but something happens to you while you are living at your second home on the other side of the country? What if you travel for work and are always in a different place? If that sounds like you, stay tuned.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
As people age, they tend to rely on others to help out. Spouses, children, and other family members often step in to help handle everything from the finances to cutting the grass. If there are no family members that are trustworthy and capable, many look to service providers, caregivers, and other “outside” options. Unfortunately, as people age and become reliant on others, that can make them targets for financial abuse.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Different types of estate plans allow different levels of flexibility. When setting up a trust, the Trustmaker usually has an opportunity to get extremely detailed in the instructions left for the Trustee to follow when distributing your estate after you pass away. The rules you put in place (and how much discretion you want to leave for your Trustee) should be careful considered. It is impossible to think of every situation that could arise after you pass away. However, there are ways to set rules, boundaries, and guidelines while “future-proofing” your estate and planning for the unexpected after you pass away.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Many families (and their attorneys) treat estate planning as a one-time transaction. They “set it and forget it.” However, you are ahead of the game! You have decided to have a review meeting with your estate planning attorney to make sure your plan still works the way you intended it to work. Just like having a check up at the doctor, there are certain things you should do to prepare for the meeting.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
When putting together your estate plan, you want to make sure that your assets are going to causes and people you care about. This can be difficult if someone you would like to pass assets down to struggles with drugs, or alcohol. Today we will discuss the questions you should be asking yourself in order to create a plan that is suitable for you and your situation.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
You may have heard about this in the news, but Lisa Marie Presley died on January 12th (2023), at the age of 54. Lisa was the only child of Elvis Presley. She left behind her mother, Priscilla Presley, and her daughter, Riley Keough. Lisa’s son Benjamin Keough passed away a couple of years ago. While sad in its own right, the news has been filled with details that Lisa’s mother, Priscilla, is challenging some changes made to Lisa’s estate plan.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
If you own a home (or multiple homes), you understand that it may be difficult to have multiple co-owners on a property. For many families, the home is also one of the largest assets. Let’s walk through some different scenarios and options on how to handle the house.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
When leaving an inheritance to children or grandchildren, many families prefer to treat everyone the same. Each child (or grandchild) will receive an equal share of the inheritance. While it is the “default” answer, it is not always the right answer. We will discuss some situations where it might not be ideal to leave an equal share to everyone.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Many people go through the estate planning process in order to provide for their loved ones and/or to allow someone to make decisions on their behalf if they fall ill. However, there are also specific decisions (usually medical) that a person will need to address during the process. For those who are blindsided by this process, it can feel like a medical school exam! Here are some common decisions you may be faced with when preparing your own estate plan.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Estate planning (like many things) is always best handled LONG before it is needed. However, even a well-thought-out estate plan should be reviewed periodically. If the family is aware that “the end is near”, it is always a good idea to review certain aspects of the plan and the wishes of the person who is about to pass away.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
The holiday season is upon us and many people start to feel charitable this time of year. With that in mind, we wanted to discuss some of the parameters around charitable giving and how it might affect you on this episode.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
It can be challenging to ensure that your estate plan is up to date and that all of your assets are included. We will discuss what you should do about adding new assets to your plan for today's show.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
After someone passes away, the executor or trustee is responsible for carrying out the wishes of the deceased person and settling the estate. This could include paying bills, settling debts, filing taxes, selling assets, etc. Eventually, it is time for the beneficiaries to receive their inheritance. While it may be tempting to “take the money and run”, this may put their inheritance immediately in danger. Those who are receiving an inheritance from a trust may have opportunities to protect the money they receive from current (or future) problems.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
When someone passes away, the “what happens next” is usually dictated by the decedent’s estate plan (if they had one), or by state law, if there was no plan. However, there are special circumstances that apply when a married person passes away but their spouse is still alive. Often times, a family may end up getting “lucky” and avoid some of the major headaches. However, this is not always the case. It can also lead families into a false sense of security because “nothing bad happened when my spouse died”.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Very few things in life last forever. Cars break down, cell phones become out of date, food goes bad, even a good bourbon can spoil if you don’t store it properly. Sadly, many people look at estate planning as a one-time activity (set it and forget it). While your estate plan might technically not have an expiration date, there are many times when it could end up “going bad” if not properly updated.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Many consider estate planning as the art of setting out your wishes while also trying to predict all of the “what ifs” that may or may not happen in the future. Obviously, unless you have a crystal ball, it is impossible to know the future. However, there are a number of predictable/potential what-if scenarios that a good estate plan should cover.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
We dedicate this show to answer some mailbag questions that have come in from our listeners. We will discuss protecting a company's assets, if a trust is necessary for one retirement account, and liability protection.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
On this episode, we’ll talk about various ways to challenge, undo, or override an estate plan. We’ll also discuss the circumstances when this might be appropriate.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Everyone has heard the famous quote from Benjamin Franklin “In this world, nothing is certain except death and taxes.” Although taxes are often discussed with a financial advisor and CPA, many families don’t consider the tax consequences of their estate plan. Here are the taxes to be aware of.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Many types of accounts allow the owner to designate beneficiaries to receive the account after the owner dies. This can be a quick, easy, and no-cost way to pass on the account after someone dies. However, the ease of setting up beneficiary designations can trap some into assuming their estate plan is “done”. It is one piece of the puzzle, but not the entire puzzle.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Most times, people look towards setting up a trust as a flexible, efficient, private, customized way to manage an inheritance plan for their loved ones. However, because of its flexibility, a trust can be used as a “utility knife” and help families and small businesses in a variety of other situations.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
It is always prudent to work with experts who specialize in a certain area. Use your estate planning attorney for your estate plan, your financial advisor for your investments, your CPA for your taxes, etc. Although all of your professionals should “stay in their own lane”, the work that they do is interconnected.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Setting up a trust is a great way to protect your loved ones after you’re gone. However, just signing the legal documents is only HALF of the job. You not only have to establish the trust, but you have to make sure your trust will actually control and protect your assets the way you want.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Many families choose a trust as the best way to manage and distribute their inheritance after they pass away. However, people are surprised to find out that they still need a will EVEN IF they have a trust.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
It is impossible to predict the future. However, families with underage beneficiaries often have to work with their attorney to do just that. When it comes to leaving an inheritance to children, grandchildren, etc., a good attorney won’t just ask “how much” to give each person. He or she will also ask “when”, “why”, and “what for”.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Most of the focus on this show is about properly setting up your own plan to protect your family and your life savings. However, many people find themselves on the other side of the equation. What should you do if someone names you in their own estate plan?
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
There are two schools of thought on estate planning. The first (which we disagree with) is that estate planning is merely a commodity. All plans are the same. The second (and proper viewpoint) is that estate planning is a professional service. Let’s outline the differences.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
With tuition costs continuing to rise, more and more families are taking out student loans to pay for higher education. Many times, the student AND the parent both have loans. What happens to them when you die?
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
People always want to pass their estate smoothly to their heirs after they pass away. Many conversations with families revolve around who gets what. An even better conversation incorporates questions about why, when, and how the inheritance will pass. However, there are certain situations where your heirs may not even want what you leave to them.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Picking the right fiduciaries is one of the most important parts of estate planning. After all, you need to decide who will be responsible for taking care of you, your finances, your inheritance, and your children! Once you’ve set your plan up, should you tell the people you have chosen? How much do they need to know? Isn’t some of this private?
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
One of the hardest parts of estate planning is deciding who you can count on to carry out your wishes. While they are required to take care of you/your estate and they must follow your instructions, they will have some leeway and decision-making power on their own.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Setting a transfer on death (aka TOD or POD) or a beneficiary designation on an account can be an easy way to direct the inheritance after you’re gone. It is quick, (usually) easy, and best of all, you don’t need to hire a professional to do it! However, there are a number of pitfalls to watch out for and situations where they may not go as planned.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Passing property along can be a challenge, but trying to do so with multiple parties involved gets even more difficult. Today we're going to run through a long list of considerations and questions we pose to clients that want to include a vacation home in their estate plan.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Trusts are great estate planning tools for families but is one enough? Is there ever a situation where you might need more than one? We'll dive into the scenarios on this episode.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
This episode is all about how to build an estate plan if you have a child with special needs. You may wish to leave them an inheritance, or set up proper care for them once you pass. Careful planning beforehand is absolutely crucial in this area especially if the child is receiving assistance from the government. Nick will talk about some efficient strategies he uses in his practice and some considerations to keep in mind as you build out your plan.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Social media accounts are as popular as ever. Most people in USA have accounts on many different platforms. Cryptocurrency has gotten a lot of press recently (Bitcoin being the most popular). However, it brings up a broader question about digital assets and how they work within your estate plan. While electronic/digital accounts, banking, etc. can make things easier in your everyday life, it can make things more complicated after someone gets sick or passes away.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Many people have pets. Sometimes, they love them more than their own children (or at least they are better behaved). Some require more specialized care or attention than others. Some are expensive to care for. Many families are worried about their pets going to a shelter if no one wants to take care of them (hopefully at least a no-kill shelter).
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Most of what we talk about is how to make the best of a tough situation (getting sick, passing away), and how to make sure things go smoothly. Good estate planning is a selfless act, you want to make sure things are set up properly and easily for those you leave behind. But…what if you DON’T want to make things easier for your family? What would you do? Here are Nick’s tips on what to do if you want to cause stress for your family after you’re gone.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Might seem counter-intuitive to what we’ve already discussed, but, dead people do have an estate plan (even if they didn’t write one themselves before passing). Each state has a default formula to fall back on if there is no plan. However, it usually doesn’t go the way you want it to.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
There are tons of scams/rip offs, etc. out there. However, for someone dealing with a probate case or buying/selling a house, they seem to get bombarded. Why is this happening, how do they get your information, and what can you do to protect yourself?
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
We rip on probate court a lot in this podcast. What can I say, it is a government-run inheritance program? It does have its purpose, and it is certainly needed as a backup. However, here are some specific situations where the headaches of probate can be amplified (and when it might be important to look at ways to avoid probate).
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
There are a lot of moving parts (and documents) in a COMPLETE estate plan. Many families get into trouble by randomly picking one-off documents while neglecting others, or not by making sure everything is reviewed and put together at the same time with the same overall plan. Just like kitchen appliances, you don’t want to get your dishwasher, microwave, stove, and fridge from 4 different brands at 4 different stores are 4 different times. Each document serves a specific purpose, but they also work together as a whole unit to make sure you’re taken care of.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Throughout the years, Nick has seen many situations where families come in to start estate planning during a crisis. Sometimes he's able to help out these families, but sometimes it's too late to put together a plan. We will discuss different crisis scenarios on today's show and what solutions might be present in each situation.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Before you pass away, you may decide to allocate some money to a charity of your choice. There are numerous strategies and ways to implement a plan like this, so we will discuss a few strategies and the reasons behind each method.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Whether you're planning to have children in the future or you choose not to at all, it's important to have a plan in place for what happens to your estate when you pass. Nick discusses ways you can make sure your assets go where you want them to when that day comes.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
A lot of discussions on this show revolve around putting together a comprehensive estate plan. But now we need to discuss who puts that estate plan in action once you pass away. There are many complex situations that might require you to hire a professional executor to carry out your wishes and we will go over some of these reasons today.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Many situations arise that are “easier” or have some sort of “default” decision. However, those get thrown out the window for partners who decide not to legally marry. Whether the relationship is still progressing, the partners don’t feel like going through the hassle of getting married (or getting married again), or if there are other factors at play, these family situations require extra care.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Most people have multiple credit cards nowadays. Many have bills and subscriptions automatically being paid each month. Some accrue rewards/perks such as cash back, points, or frequent flyer miles. One thing they all have in common is the late fees, penalties, and interest charges if payments are missed. What happens to all of this when the cardholder dies? Should you worry about identity theft? How are things handled?
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Business owners are particularly vulnerable to some misconceptions and false assumptions about their estate plan. There are a lot of items you need to have in place for the transfer of a business to go smoothly, so that your employees still get their paychecks and your business doesn't get sent to probate. Nick will discuss some ground rules business owners should have in place for that inevitable transfer of power and important nuances to keep in mind.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
There's no doubt that a home is one of the biggest asset we will own in our lifetime. Unfortunately, after we pass away, the home is not a quick and easy transfer to your beneficiary. There are a lot of nuances involved and you want to make sure you do it correctly to avoid probate and other pain points. Nick talks about some of the ways you can transfer your home after you pass and the easiest ways to do it.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Larry King recently died. He was worth estimated $144 million. Most of the assets are to be settled privately, un-contested, and safely through various trusts (that we will never know about. So why the heck are we hearing about a $2 million probate, his wife (Shawn King), who he was in the middle of divorcing, contesting a secret, hand-written last will & testament? And why the heck is it public record and we’re hearing all about it?
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
After her “acting out” episodes that began in 2007 (including her randomly shaving off all her own hair), her father (Jamie Spears) applied to become her conservator, which was granted in 2008. Today Nick gives us a rundown of how Britney Spears's conservatorship became so complicated and why we're still talking about it after more than a decade.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
I get this question ALL THE TIME. Whether you get a new job, get tired of cold weather, just retire, or want to be closer to the grandkids (that you probably like more than your kids), people need to be aware of how this may affect your estate plan.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Sometimes, you can’t avoid family fighting after you’re gone. You might even expect it. When that happens, many families sadly bury their heads in the sand and do nothing. They think they are helpless and leave a disaster for their children to clean up after they are gone. However, there are a few options on the table and we'll discuss them on this show.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Sadly, most attorneys view estate planning as a 1-time transaction. You give them money, they give you paperwork, that is it. Obviously this is a bad idea and can lead to trouble down the road. Nick discusses times he has come across this situation in his practice and some red flags to look out for.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
After a loved one passes away, the days and weeks that follow after can be difficult and very emotional. You may feel overwhelmed with all of the things that now need to be taken care of and it's a process that can be tough to begin if you have no idea where to start. Nick talks about the affairs that should be taken care of when someone passes away. He discusses what needs rather immediate action and what can wait for a little while if you need time to gather yourself.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Everyone loves a deal. Saving money is great. We all know that you get what you pay for, but we’ll go behind the scenes of what it takes to get an estate plan prepared the right way. Then, we’ll examine some situations (low cost) and uncover the industry secrets for the low-bidders in the industry so the public can make informed decisions.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Today we sit down with the founder of Companions on a Journey, Sheila Munafo-Kanoza. Shelia tells us about her personal story of dealing with loss and how these events led her to start this organization. We also discuss the different ways people may grieve and some helpful tips for this holiday season with COVID-19 upon us.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Companions on a Journey Number: 513-870-9108
Companions on a Journey Website: http://companionsonajourney.org/
Shelia's Email: sheila@companionsonajourney.org
On this episode, Nick takes on a difficult conversation of how blended families can plan for the future when it comes to their kids. He presents a number of different examples of situations couples can find themselves in, as well as a few solutions that will help make the process much smoother when it comes to distributing assets.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
On this episode, we take a look at the estate planning of one of Nick's clients. This plan was completed 11 years ago, but unfortunately the client no longer has the mental capacity to make decisions by herself. Nick walks us through the plan she had in place, the roadblocks that came up, and what changes that could have been made to make the plan more thorough.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
We've all heard incredible stories of people that went from rags to riches and built their success from the ground up. But how should they pass along that wealth to their children, or family that haven't had to put in all the hard work? Nick discusses a few options to pass along a great amount of wealth and it's imperative that a self-made person gets an estate plan in place.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
No one is required to know about your plan. However, there are certain people that it is a good idea to inform them of certain aspects.. When it is time for your family and your decision-makers to step in, it is because they can no longer ask you what you want. Don’t leave it to chance, don’t leave them guessing how you want to be treated and how you want your family to be taken care of.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
We've reiterated many times on this show how you want your estate planning to be done correctly, but there are still many companies out there that try to cut corners when it comes to putting your plan together. In many instances, the estate plan is put together by a computer algorithm that does not actually consider your needs. Nick will talk to us about how certain companies and professionals minimize the importance of estate planning and red flags to look out for.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
There are times in life that you may have to make a rushed decision and be able to perform under pressure. Your estate planning should be one of those rushed decisions. It's important to be able to make each decision with a clear head with plenty of time. Nick will walk us through why getting your estate plan done sooner than later is crucial.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
An estate plan is not something you can just set and forget about. The plan has to change when certain situations in your life get altered. Nick will talk about when you may want to make some tweaks to your estate plan, so it stays relevant to your life and situation.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
ARAG is a popular legal insurance plan that has become popular among employers. At face value, this can seem like a great deal that will save you a lot of time and money. Nick will pull back the curtain and break down how this works from an attorney's perspective and other considerations you should be aware of.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
When it comes to estate planning, most people correlate it with older adults who have accumulated a lot of assets throughout their life. But estate planning is just as important for young adults too. Nick goes over what rights that parents no longer have when their child turns 18 and some steps you can take in order to get important information in a critical situation.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Not all attorneys are created equal. Most are (hopefully) honest, hard-working, ethical people. Some might even know what the heck they are doing. However, there are numerous situations where you, the client, should proceed with caution. Here are a few situations where you might want to run right out the door!
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
It is never easy to talk with your parents about their own affairs. After all, you are their child. However, people NEED to know certain things about their parents’ estate planning, especially if they will be the ones left taking care of things when their parents become ill or pass away.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Things obviously get pretty overwhelming when a new child comes into your family. Usually, parents end up dealing with the immediate needs of the new baby that are right in front of them. However, all new parents should make sure their estate plan is reviewed (or established) and we'll walk through the four things you need to address now.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Probate court can be a very time-consuming and expensive process so it's easier on everyone in your family if you can avoid going that route with your estate. Let's look at the three ways that you can accomplish that along with a few of the scenarios that might throw your plan off.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
During this uncertain time, many people are realizing the importance of creating an estate plan, and acthey're turning to online DIY websites to get things done quickly and cheaply. But what are the risks of using these websites? Nick will discuss how these DIY websites work, and what essential parts of estate planning they overlook.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Quite often, estates end up going through probate court for one reason or another, but do you know what that process looks like? Let's take a detailed look at the five steps of the probate process so you'll know everything it takes to eventually close the estate.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
While parents must ultimately accept their child's choice of spouse, they do not need to accept the fate that many families have fallen victim to: watching their child's partner waste their hard-earned money (or even worse, take it away during a later divorce)! Luckily, families who think ahead and make sure that their estate plan protects against all possible contingencies are able to protect their nest egg from transferring outside of the family.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
If you wish to pass down your estate to your heirs, it is important to distinguish the difference a will and a trust. They both share the same goal, but both accomplish this in a very different manner. Nick will break down the main differences between these two items and help you gain some clarity on which one may be right for you.
Blog: https://www.cincinnatiestateplan.com/single-post/2017/08/29/Comparing-a-Will-and-a-Trust
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
There are many attorneys that do a great job of setting up a client with a solid, reliable trust. Unfortunately, there are some attorneys out there that do not do such a spectacular job and leave clients to tie up the loose ends for themselves. Nick will run down the most common mistakes dealing with trusts that he has seen in his career and how they can leave a significant impact on you if you do not fix them.
Blog: https://www.cincinnatiestateplan.com/single-post/2018/02/21/The-Three-Mistakes-Your-Other-Estate-Planning-Attorney-Made-With-Your-Trust
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Before you decide to hire any attorney to help get your estate planning affairs in order, make sure to ask them the following questions.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Each family has different needs and therefore needs an estate plan customized by an experienced estate planning attorney. However, regardless of income, assets, age, or other family circumstances, every complete estate plan must have the following five documents.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com
Before we roll out the first official episode, we wanted to get to know Nick Rosenbauer, his business, and what to expect from this podcast.
Contact:
513-463-6789
info@CincinnatiEstatePlan.com