What Is An Estate Plan And Why Do You Need One? | Ohio Estate Planning Explained
You’ve been meaning to finish your estate plan for years. This is the nudge to finally get it done. We’ll help you understand what an estate plan actually is, what it does, and why putting it off can cost your Ohio family far more than you think.
Andrew C. Goodwin, Esq., Principal Attorney at Rhodium Law, walks through the basics of estate planning, giving you the information most Ohio families never get. Whether you are starting from zero or dusting off documents you signed a decade ago, this video is your foundation.
What this video covers:
• The three questions every estate plan answers
• The two foundations most plans are built on: a last will and testament or a revocable living trust
• The five documents that belong in a complete plan, including the one most people draft but forget to fund
• Three misconceptions that quietly leave Ohio families exposed
• What Ohio law decides for you if you do nothing, under Ohio Revised Code 2105.06
• The honest truth about DIY online estate planning documents
• Will versus trust, and how to tell which one fits your situation
Only about 24% of Americans have a will, and among professionals earning over $150,000 a year, only about 15% have an up-to-date plan. If you are not there yet, you are in the majority. You are not lazy, and you are not irresponsible. The legal system made this confusing on purpose. This video exists to fix that.
CHAPTERS
0:00 The estate plan you’ve been meaning to finish
0:29 Why I practice estate planning
1:37 Why most Ohio professionals don’t have a plan
2:35 What an estate plan actually is, in plain English
4:13 The 5 documents every complete plan needs
6:03 Three misconceptions that leave families exposed
7:20 What Ohio law decides if you do nothing
9:19 Is DIY estate planning good enough?
10:29 Will vs. trust: which one do you need?
12:03 What finishing your plan really changes
13:31 Free guide and next steps
FREE GUIDE
Download our guide, “The Ohio Probate Trap: What Happens To Your Home, Your Retirement, And Your Family If You Don’t Have A Plan.” It covers everything in this video in more depth, free:
clevelandwillsandtrusts.com/#resource.
WORK WITH RHODIUM LAW
If you are an Ohio professional or business owner and you are ready to put your plan in place, visit rhodiumestateplanning.com and click “Book Vision Meeting.”
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DISCLAIMER: Andrew C. Goodwin is an attorney licensed in the State of Ohio, but watching this video does not make him your attorney and does not create an attorney-client relationship. This video is general information about Ohio estate planning law, not legal advice, and should not be relied on for your specific situation. Estate planning law varies by state and changes over time. If you are ready to create or update an estate plan, please consult a licensed attorney who can review and discuss your specific circumstances.
Strategize. Secure. Shine.
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