A new year often starts with good intentions. People often focus resolutions on health, finances, and getting organized, but long-term planning is just as important. Estate planning is not reserved for late stages of life, but rather about protecting yourself and your loved ones right now.
Whether you have an existing plan or need to create one, the new year is an ideal time to get started. At Wolterman Law Office, our Cincinnati estate planning lawyers help individuals and families turn good intentions into lasting protection through thoughtful, personalized estate planning that brings peace of mind for years to come.
What Should an Estate Plan Include?
“Estate planning” is a coordinated set of legal tools, each with a specific purpose, designed to protect you during your lifetime and carry out your wishes after your passing. A well-crafted estate plan typically includes:
Will: A document that outlines how assets should be distributed after death, designates an executor to manage the estate, and names a guardian for minor children.
Trusts: Legal arrangements allowing assets to be held, managed, and distributed according to your instructions. Trusts can help avoid probate, provide ongoing finances for beneficiaries, and added privacy and control.
Financial Power of Attorney: A document authorizing a trusted individual to manage financial matters if you cannot, such as paying bills, managing accounts, or property-related decisions.
Advanced Medical Directive and Healthcare Power of Attorney: Documents outlining your medical preferences and appointing someone to make healthcare decisions for you if you become incapacitated. Directives provide guidance during medical emergencies and help ensure your wishes are respected.
A well-crafted plan can function smoothly and provide clarity when it matters most. Without one, many of these decisions may be left to Ohio law or the court system, which can lead to delays, confusion, and unintended outcomes. Even a basic estate plan allows you to choose decision-makers, protect loved ones, and establish clear direction.
When Should an Estate Plan Be Updated?
Estate planning is not a one-time task, and as life changes, should evolve to reflect new priorities, relationships, and circumstances. You should consider updating your estate plan after significant changes, such as:
Marriage or divorce.
Birth or adoption of a child or grandchild.
Significant financial or property ownership changes.
Death or incapacitation of beneficiary, executor, or agent.
Regular reviews help ensure your plan continues to reflect your wishes and protects those who matter most to you.
How Can Wolterman Law Office Help?
Turning new year intentions into lasting protection starts with having the right legal guidance. At Wolterman Law Office, our Cincinnati estate planning lawyers work closely with individuals and families to create plans that reflect goals, values, and changing life circumstances.
Whether you are creating your first estate plan or updating an existing one, we provide the personalized guidance and practical solutions designed to protect you now and into the future. Taking the time to plan at the start of the year can provide peace of mind knowing your wishes are clearly defined and your loved ones protected.
Protect Your Loved Ones Today With Our Cincinnati Estate Planning Lawyers at Wolterman Law Office
Whether updating an existing plan or just starting out, our experienced Cincinnati estate planning lawyers at Wolterman Law Office guide you through each step of the process and develop a plan protecting your legacy for generations to come. To schedule a free consultation, call today at 513-790-4207 or contact us online. With office locations in Loveland and Blue Ash, Ohio, we proudly serve clients in the surrounding areas.