By Matthew O. Lyons, Esq.
When many people hear “estate planning,” they picture millionaires deciding how to divide mansions and investment portfolios. In reality, estate planning is for everyone, not just the wealthy. Every Ohio adult, no matter their income or stage of life, has something worth protecting: family, savings, a home, or simply the peace of mind that comes from having a plan in place. So, why should you start planning now?
- Estate planning protects your loved ones
Without a will or trust, the State of Ohio decides who receives your property under its intestacy laws. Probate Court can cause delays, added costs, or results that you never intended. A properly drafted estate plan ensures your assets are distributed the way you choose, minimizing family disputes and confusion during a difficult time.
- It’s about much more than money
A comprehensive estate plan includes documents like a Durable Power of Attorney, Health Care Power of Attorney, and Living Will. These legal instruments let you appoint trusted people to make medical or financial decisions if you are unable to do so. Accidents and illnesses can happen at any age so having these documents in place ensures that your wishes are followed and that your family isn’t left guessing.
- Planning early saves money and stress
Addressing your estate plan now, rather than during a crisis, keeps legal costs down and allows for thoughtful tax and long-term care strategies. Small steps today, like updating beneficiary designations or creating a simple will, can prevent big problems later.
- Your life changes—your plan should too
Marriage, divorce, children, aging parents, and home ownership are all reasons to review or start your plan. Estate planning isn’t a one-time event; it’s a lifelong process that adapts as your circumstances evolve.
At Hickman Lowder, we see estate planning as an act of love and responsibility—a meaningful way to show how much you care about your family’s future. Whether you’re building your first career, raising a family, or preparing for retirement, our attorneys can help you craft a plan that reflects your goals and protects what matters most.
No matter your age or the size of your estate, planning ahead is important—and it’s never too early to begin.