Complete Estate Planning

Estate Planning Mistakes: When Assets in Your Name Aren’t Really Yours

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/
 
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Mistakes Your Attorney Might Be Making – What You Need to Watch Out For

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
 

Estate Planning: Fairness vs Equality for Your Kids

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/

Joint Trust vs. Separate Trusts – Which is Right for Married Couples?

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/

5 Ways To Screw Up When Receiving An Inheritance

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/ 

When It Might Be A Good Time To “Upgrade” To A Trust

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/ 

Do I Still Need A Special Needs Trust If My Child Is Not Receiving Social Security Disability Benefits?

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/ 

I Want To Take Care Of My Partner, But We Aren’t Going To Get Married

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/ 

I’m About To Have Surgery, What If I Don’t Make It?

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/ 

My Spouse Passed Away, What Do I Do Now?

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/