Beneficiary Designation, Divorce, Estate Planning, Family Law, Oklahoma, Trusts, Uncategorized, Wills

It’s Important to Update your Estate Planning After A Divorce

Most couples, especially married couples, get their estate planning done together and draft them accordingly. Most of the time, married couples will get a Family Trust, rather than two individual Trusts, and all the beneficiaries/executors/trustees are listed as each other. After the unfortunate event of a divorce, it is extremely important to get your estate… Continue reading It’s Important to Update your Estate Planning After A Divorce

Beneficiary Designation, Estate Planning, Oklahoma, probate, Trusts, Wills

Beneficiary Designations

One of the most common questions I receive from clients is the question of beneficiary designations and how they relate to their Will or Trust. One important thing that must be said is that beneficiary designations, including IRA's, life insurance, annuities, bank accounts, etc., go outside probate and the trust. What is said in the… Continue reading Beneficiary Designations

Estate Planning, Intestacy, Oklahoma, Trusts, Uncategorized, Wills

Why Does My Will Need To Be Probated?

A lot of clients seem to be under the misconception that, if your will is valid, self-explanatory, and clear as to your intent, then it does not need to be probated. However, your Last Will and Testament is not effective until it goes through probate. It does not matter if it is clear and unambiguous!… Continue reading Why Does My Will Need To Be Probated?

Estate Planning, Holographic Wills, Intestacy, Legal News, Oklahoma, probate, Wills

Why Online Wills Can be Harmful to Your Estate Planning

In September of 2010, a non-lawyer wrote an article about her experience trying out four different will-making computer programs. This article appeared in the New York Times. After she got all four different wills drafted, she took the wills to an established estate planning lawyer in New York City, and had them reviewed. The results… Continue reading Why Online Wills Can be Harmful to Your Estate Planning

Estate Planning, Intestacy, Oklahoma, probate, Trusts, Uncategorized, Wills

Simple Ways to Avoid Probate

Most people know that Revocable Living Trusts are a great way to avoid probate. And if you don't, please read a previous blog about probate and how a trust can help here. On today's blog post, Skillern Law Firm is going to discuss other ways to avoid probate if you already have a trust, or… Continue reading Simple Ways to Avoid Probate

Estate Planning, Legal News, Medicaid planning, Oklahoma, Oklahoma News, Special Needs, Uncategorized

Special Needs Planning

It seems everyone knows at least someone with special needs, whether it be a family member, a church member, or a friend. When it come to estate and financial planning, the term "special needs" applies to family members who cannot, for some reason, take care of themselves. The reasons are varied, whether it be a… Continue reading Special Needs Planning

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

The Problems with Handwritten Wills

Oklahoma allows the probate courts to admit holographic (or handwritten) wills. There are certain considerations that are very important to consider if you think a holographic will is right for you. Today on Tulsa Estate Planning Blog,¬†Skillern Law Firm, PLLC will help you figure out if its right for you. First, there are important, strict… Continue reading The Problems with Handwritten Wills

Estate Planning, Intestacy, Legal News, National News, Oklahoma, Oklahoma News, Wills

Why A Joint Will Is A Bad Idea.

One common question about wills and trusts is about joint or mutual wills. Many people ask attorneys why joint wills are never recommended by attorneys. The reason is not that attorneys want to get more of your money by drafting two wills instead of one.¬† Also, most people may see it as an extra expense… Continue reading Why A Joint Will Is A Bad Idea.

Estate Planning, Legal News, Oklahoma, Oklahoma News, Trusts, Uncategorized, Wills

Resolutions

It is a new year, and everyone is listing things that they want to accomplish in 2012. You might be interested in a new healthy eating¬†regimen, or workout schedule, but why not add updating your estate planning to that list? Twenty-twelve is the year of the estate plan! If you haven't established a way to… Continue reading Resolutions

Debt, Estate Planning, Family Law, Oklahoma, Uncategorized

Till Debt Do Us Part

I was researching for a client recently who asked about debt and what exactly happens after a significant other or a child passes away. The client had signed as a co-signer on some of the deceased loans and was wondering if she was responsible for that debt. Also, the client was wondering whether her new… Continue reading Till Debt Do Us Part