👉Get started on your estate plan—watch our, on-demand workshop: https://www.daytonestateplanninglaw.com/how-to-not-go-broke-in-a-nursing-home-even-if-you-think-its-too-late/

Ted Gudorf, a board-certified estate planning attorney, addresses common misconceptions about estate planning, emphasizing that it can be completed in a relatively short time frame of 60 to 90 days. He outlines a structured process that simplifies planning and encourages individuals to prioritize protecting their families. Ted also highlights the financial implications of delaying estate planning and shares a cautionary tale about the consequences of not having a plan in place.

Takeaways

• Many people avoid estate planning due to misconceptions.
• Estate planning can be completed in 60 to 90 days.
• The process involves a few focused conversations.
• You don't need to have everything organized before starting.
• An 80% plan today is better than no plan tomorrow.
• Waiting can make planning more expensive due to probate costs.
• Family discussions can be easier with a concrete plan.
• Avoid the research trap and take action.
• The peace of mind of planning is invaluable.
• The hardest part of estate planning is getting started.

Resources:

• Gudorf Law Group
• The Ohio Estate Planning Guide - Free Book
• Gudorf Law: What We Do and How We Help Webinar
• Don't Go Broke in Nursing Home Workshop
• When a Loved One Dies: A Legal Guide - Free Book
• Subscribe on YouTube