Lending money to a child is common, whether it's for buying a home, starting a business, or getting through a tough financial patch. But when it comes time to plan your estate, that unpaid loan can create real complications. Should you forgive the debt when you die? Or treat it as an advance on that child’s inheritance and reduce what they receive? An estate plan will utilize two primary approaches to resolving these loans, and we’ll discuss the pros and cons to each. 

Here’s some of what we discuss in this episode:

⚖️ The pros and cons of forgiving vs. equalizing through inheritance

📜 Why documentation and clarity in your estate plan are essential

🤝 Avoiding family conflict with open communication and planning

🧾 The importance of promissory notes and written records

Our website: https://cincinnatiestateplan.com/

Phone: 513-463-6789

Contact our team: [email protected]

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

What happens when your name is on a parent’s bank account or home as a co-owner, yet their will says everything should be split among the three siblings? That’s the situation we’re addressing in this video to help the co-owner understand what options you have when it comes to splitting the inheritance up.

Here’s some of what we discuss in this episode:

🏠 What happens when you're a co-owner on a parent’s bank account or home

🛡️ How to avoid family conflict with a clear, customized estate plan

Our website: https://cincinnatiestateplan.com/

Phone: 513-463-6789

Contact our team: [email protected]

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

Even if you’re planning to leave everything to just one person, like an only child, it might feel like you don’t need an estate plan. After all, what could be simpler than passing everything on to a single heir? But estate planning isn’t just about how many people you’re leaving assets to. It’s about how you leave things, making sure your wishes are honored, minimizing complications, and protecting both you and your heir.

In this episode, we unpack why an estate plan is still essential, even when you have only one heir, and explore the smart, simple, and safe ways to pass on your assets.

Here’s some of what we discuss in this episode:

⚠️ Probate still applies—even with one beneficiary

🏠 Adding your child to the deed or account can cause major problems

🛠️ Tools like TODs and trusts can simplify transfers the right way

🧾 Estate planning also protects you if you become sick or incapacitated

Our website: https://cincinnatiestateplan.com/

Phone: 513-463-6789

Contact our team: [email protected]

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

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: [email protected]

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

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: [email protected]

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

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

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: [email protected]

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/

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: [email protected]

⏰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/

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  

[email protected]

https://cincinnatiestateplan.com/contact/ 

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  

[email protected]

https://cincinnatiestateplan.com/contact/ 

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  

[email protected]

https://cincinnatiestateplan.com/contact/