Complete Estate Planning

Mailbag: Big Changes Coming—Should You Wait To Make Future Plans?

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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
 
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Trouble in Margaritaville – The Jimmy Buffett $275 Million Estate Dispute

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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
 
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When Your Beneficiary Dies First - What Happens Now?

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
 
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Phone: 513-463-6789
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How to Pass On a Family Business Without Creating a Family Feud

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
 
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Phone: 513-463-6789
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Mailbag: Can My Daughter Handle Everything?

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?
 
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Phone: 513-463-6789
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What to Do With Your Estate Plan After Losing a Spouse

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
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Building Flexibility Into a Trust for Life Milestones

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
 
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Phone: 513-463-6789
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Why You Need Two Powers of Attorney -- Not Just One

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
 
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Phone: 513-463-6789
Contact our team: info@CincinnatiEstatePlan.com
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Who Should Be Your Corporate Trustee?

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
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What Happens to Bills and Debts After Someone Dies? (A Guide for Families and Executors)

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/
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