Kroener, Hale & Penick Law Firm
contact Menu
Call 513-716-5940We are here to listen, learn & help

TEXTS ONLY: 513-828-7510

What are the first steps in estate planning?

While you may not want to think about the end of your life, it is a necessity if you want to make sure your loved ones are provided for. This means planning your estate. Knowing how to get started when it comes to estate planning in Ohio can be confusing. You may not have any idea what you need to do to get things going and start planning for what happens with your assets when you die. 

Time explains that the first step to solid estate planning is gathering information. You need to take inventory of your assets. You might be surprised at all the things you will need to account for. Remember to note any accounts you have, including retirement accounts. Make a list of your assets. Anything with any value should be included. You may want to list values of assets, too. Also, gather your paperwork. This is great time to get organized and get all this paperwork in one place. 

After you know what you are working with, you need to think about who gets what. If you are married, then under the law, most of your assets will automatically go to your spouse. However, you may some assets that will not or that you do not want to go to your spouse. Make note of who gets what. 

You also need to think about who will make medical decisions for you or what you want to happen if you are unable to make your own decisions. The same with your finances. Estate planning is not just for when you are dead. It is helpful when you get into a situation where you are incapacitated. 

Once you have all this information you can begin the formal process of planning your estate. This information is for education and is not legal advice. 

No Comments

Leave a comment
Comment Information

Take Action Today. Call 513-716-5940 To Talk To An Experienced And Compassionate Attorney.

Email Us For a Response

Tell Us More About Your Legal Issue

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Contact information

Kroener, Hale & Penick Law Firm
101 N. Riverside Dr.
Batavia, OH 45103

Phone: 513-716-5940
Phone: 513-828-7510
Fax: 513-297-7227
Batavia Law Office Map

9078 Union Centre Blvd.
Suite 350
West Chester, OH 45069

Phone: 513-716-5940
Phone: 513-828-7510
Fax: 513-297-7227
West Chester Law Office Map

Scripps Center
312 Walnut Street
Suite 1600
Cincinnati, OH 45202

Phone: 513-716-5940
Phone: 513-828-7510
Fax: 513-297-7227
Cincinnati Law Office Map

Westlake Center
4555 Lake Forest Dr.
Suite 650
Cincinnati, OH 45242

Phone: 513-716-5940
Phone: 513-828-7510
Fax: 513-297-7227
Cincinnati Law Office Map

Rookwood Tower
3805 Edwards Rd.
Suite 550
Cincinnati, OH 45209

Phone: 513-716-5940
Phone: 513-828-7510
Fax: 513-297-7227
Cincinnati Law Office Map

Texts Only: 513-828-7510

Offices In Cincinnati, Batavia and West Chester, Ohio