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Advance Directives, Estate Planning, Legal News, Oklahoma, probate, Trusts, Uncategorized, Wills

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?

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Beneficiary Designation, Estate Planning, Family Law, Legal News, Minor Estate Planning, Oklahoma, Oklahoma News, Trusts, Uncategorized

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!

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Uncategorized

Minor Children: Will v. Trust

One of the many complications one needs to think about when planning for the distribution of their estate is minor children. It is vital that parents make plans for their children should should they die prematurely. Typically however, a minor, any one under 18, is not legally able to inherit your estate and manage his… Continue reading Minor Children: Will v. Trust

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Uncategorized

Decanting: How to “Open Up” an Irrevocable Trust

You've got an irrevocable trust, but our world and your life have changed dramatically. Maybe your family doesn't look the same as when you first created the irrevocable trust. Maybe the law has changed and it makes the administration of trust financially unreasonable or the distribution would now be considered financially wasteful. Maybe you simply… Continue reading Decanting: How to “Open Up” an Irrevocable Trust

Beneficiary Designation, Business, Digital Assets, Estate Planning, Legal News, Life Insurance, Oklahoma News, Trusts

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

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Uncategorized

I Already Had a Will Drafted, Do I need to do Anything Else?

The answer to this question is probably yes, but depends on your personal goals. A valid will tells the probate court how you want your assets distributed after you pass, but even with a will, an estate needs to go through the probate process and have the court approve the will before assets are distributed. This typically takes at least… Continue reading I Already Had a Will Drafted, Do I need to do Anything Else?

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Uncategorized

“Who Can Handle My Affairs If I Get Sick or Injured?”

While no one wants to envision a worst case scenario when it comes to their health, life does happen, and if you become incapacitated, either for a short time, or long term, giving someone the power to make decisions on your behalf can be difficult if a plan has not been implemented beforehand. Whether you… Continue reading “Who Can Handle My Affairs If I Get Sick or Injured?”

Divorce, Estate Planning, Holographic Wills, Intestacy, Legal News, Oklahoma, probate, Trusts, Uncategorized, Wills

“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, Legal News, Oklahoma, Trusts, Wills

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, Family Law, Guardianship Designations, Trusts, Uncategorized, Wills

Estate Planning for Your New Expanded Family

The attorney of Skillern Law Firm, PLLC, Penni Skillern, recently had a baby girl in January of 2015. Yes, that is why there was a lack of blog posts and updates on our website. The first thing she did when she was able to go back to work was update her estate plan to reflect… Continue reading Estate Planning for Your New Expanded Family