Estate Planning for New Parents in Central Ohio

Becoming a parent changes your relationship with risk. Before a child, an incomplete estate plan is an inconvenience. After one, it can mean a court deciding who raises your child. A straightforward estate plan — drafted and signed — solves that and does not have to be complicated.

Naming a Guardian

The most important thing a will does for new parents is name a guardian for minor children. Under ORC 2111.12 and ORC 2111.121, a parent can nominate a guardian in a will. If both parents die without naming one, the Probate Court appoints a guardian — often after a contested hearing among relatives. Naming your choice in a will does not guarantee the court will follow it, but it creates a strong, documented preference that courts take seriously.

A Will Is Not Enough by Itself

A will controls assets that pass through your estate — property in your name alone with no beneficiary designation. It does not control life insurance, 401(k)s, IRAs, or joint accounts with right of survivorship. Review and update beneficiary designations on all financial accounts. If you name your estate as beneficiary on a life insurance policy, those funds go through probate — which is slower and more expensive than a direct beneficiary transfer.

Consider a Revocable Living Trust

For parents who want to avoid probate and control how assets are distributed over time (for example, at age 25 rather than 18), a revocable living trust is worth considering. You retain full control during your lifetime; assets held in the trust pass outside probate at your death.

Powers of Attorney

A durable power of attorney designates someone to handle your financial affairs if you are incapacitated. A healthcare power of attorney designates someone to make medical decisions. These documents are especially important for young parents — an accident or illness that temporarily incapacitates you should not freeze your family's finances.

Jwayyed Law LLC assists central Ohio families with estate planning, wills, trusts, and powers of attorney throughout Ohio including Franklin County. Call (614) 285-5482 or schedule a consultation.

This article is for general educational purposes only and does not constitute legal advice. Ohio law as of 2026 including ORC 2111.12 and ORC 2111.121. Consult an attorney for advice on your specific estate planning situation.