Estate Planning FAQs

It is a common misconception that only those with significant assets should have an estate plan. Rather, estate planning allows you to make your wishes known regarding who you want to inherit your assets and what end-of-life care you want should you become incapacitated. Individuals and couples can use estate planning to create a legacy for current family members and future generations.

If you die without a will, your assets will be distributed according to Ohio's intestacy laws. These laws may conflict with your wishes, which is why proper documentation of your wishes is essential.

A basic estate plan should include the following documents:

• A will: Used to designate your beneficiaries and distribute your assets.
• A health care directive: A document outlining your health care wishes and appointing someone to act on your behalf should you become incapacitated.
• Power of attorney: A document appointing a person to manage your financial affairs should you no longer be able to.

Yes. You should review and modify your estate plan following a life-changing event or every three to five years. Reviewing your plan at regular intervals will ensure that it aligns with your wishes.