Common Law Marriage Common law marriage, also known as an informal marriage, is a legally recognized marriage between two people who have not obtained a marriage license or held a formal ceremony. Not every state recognizes common law marriage as a valid and legal form of marriage, so a couple desiring to enter into a… Continue reading Common Law Marriage and Probate
Category: Legal News
Why Should I Get A Trust?
Choosing to establish a Trust for your family is an important decision that requires a bit of planning and time. You have to understand why it is important to open a trust to protect you and your family's future, you have to decide if you have sufficient assets that warrants opening a trust, and you… Continue reading Why Should I Get A Trust?
When Estate Planning Revisions Are Necessary
The hardest step of estate planning is the initial preparation of your Will or your Trust. But, it is sometimes necessary that you may need to revise your estate planning documents. We all know life happens, beneficiaries or trustees pass away, someone unexpected comes into your life, or maybe you start to feel a little… Continue reading When Estate Planning Revisions Are Necessary
Minors as Beneficiaries: A Good Idea or More Than You Bargained For?
Issues can pop up when you leave minors as beneficiaries. Read it about them here!
Planning for your Digital Estate
As our world moves further along in the Digital Age, we as a society have become increasingly dependent and intrigued with the digital world around us. As a result of this dependence we have created and accumulated vast amounts of "digital assets". These digital assets range from and include the digital files on a computer,… Continue reading Planning for your Digital Estate
Do I Really Need an Attorney, or Can I Draft My Will Myself?
The COVID pandemic has caused many people to prepare for the worst and encouraged them to get their affairs in order. A major part of this has been estate planning and. in a time where social distancing is being encouraged, meeting an attorney at his or her office may sound less than ideal, many people are… Continue reading Do I Really Need an Attorney, or Can I Draft My Will Myself?
What are these new change to Oklahoma’s power of attorney laws?
Passed by the legislature in the spring, House Bill 2548 established Oklahoma's new Uniform Power of Attorney act and went into effect on November 1st under Title 58. This act, which provides for more uniform power of attorney documents from state-to-state, mostly focuses on the financial power of attorney. Unfortunately though, through some drafting oversight, the… Continue reading What are these new change to Oklahoma’s power of attorney laws?
“I Know What Will Happen to my Finances, but What Will Happen to my ‘Stuff?’”
A common question in estate planning is: “How do I dispose of my ‘stuff?’” While bank accounts can have beneficiaries listed, and items like homes and vehicles can be titled over to a trust, passing on the jewelry, furniture, and antiques around our homes may be less obvious, but does not necessarily need to be… Continue reading “I Know What Will Happen to my Finances, but What Will Happen to my ‘Stuff?’”
Estate Planning for Your Facebook Account?
These types of assets are referred to as digital assets. Digital assets are your personal e-mail accounts, online bank and brokerage accounts, frequent flier accounts, Facebook accounts, and other social media websites. There are four main categories of digital assets: Personal assets Social media assets Financial assets Online business accounts While you may not… Continue reading Estate Planning for Your Facebook Account?
Estate Planning in time of COVID-19
As most of you will be aware, the virus called COVID-19 or "coronavirus" has changed our everyday lives during this time. As of this post, more than 340,000 people in the United States have tested positive for the virus, and it has cause around 9500 deaths. Around the country, including in Oklahoma, courts are shut… Continue reading Estate Planning in time of COVID-19