Ohio Estate Planning Checklist: What Every Family Needs

// Estate Planning

Published March 2025 | 8 min read

Estate planning is one of the most important things you can do for your family, yet most Ohio residents put it off indefinitely. This checklist covers the essential documents and decisions every Ohio family should address, regardless of the size of their estate.

1. Last Will and Testament

A will is the foundation of any estate plan. It specifies how your assets will be distributed, names a guardian for minor children, and designates an executor to administer your estate. Without a will, Ohio's intestacy laws determine who receives your property, which may not align with your wishes.

2. Revocable Living Trust

A revocable living trust allows your estate to pass to your beneficiaries without going through probate. This saves time, reduces costs, and keeps your affairs private. Trusts are particularly valuable for families with real estate in multiple states, minor children, or blended family situations.

3. Durable Power of Attorney

A durable power of attorney designates someone to manage your financial affairs if you become incapacitated. Without this document, your family may need to petition the court for a guardianship, which is expensive and time-consuming.

4. Healthcare Power of Attorney

A healthcare power of attorney (also called a healthcare proxy) designates someone to make medical decisions on your behalf if you are unable to do so. This is separate from a living will, which specifies your wishes regarding life-sustaining treatment.

5. Beneficiary Designations

Retirement accounts, life insurance policies, and bank accounts with payable-on-death designations pass outside of your will. Review and update these designations regularly, especially after major life events such as marriage, divorce, or the birth of a child.

6. Review Your Plan Regularly

Estate plans should be reviewed every three to five years and after any major life change. Tax laws change, family circumstances change, and your plan should reflect your current wishes.