Complete Estate Planning

The Corporate Transparency Act (CTA): New Fines & Rules For Business Owners To Follow

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!
 
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No Money, Still Problems

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.
 
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Medical Decisions: Is It Smart To Rely On Others?

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.
 
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513-463-6789  
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/ 

Partial Business Ownership, Donations to Charity, and More: Mailbag Episode

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!
 
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513-463-6789  
info@CincinnatiEstatePlan.com
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The Path Of Least Resistance – When Institutions Hassle You During Trust Funding

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.
 
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513-463-6789  
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/ 

Stock Options, Family Businesses, and Other Restricted Interests

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/ 

What Other Arrangements Should I Make After My Estate Planning Documents Are Complete?

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.
 
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513-463-6789  
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/ 

I’m Dead. Should My Spouse Keep Everything?

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.
 
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513-463-6789  
info@CincinnatiEstatePlan.com
https://cincinnatiestateplan.com/contact/ 

I Have Assets In A Land Far, Far Away

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/ 

How To Handle Rare Or Expensive Gifts?

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/