As an estate planning law firm, we often hear people say that they don't need a will because they don't have many assets, or they don't want to think about their own mortality. However, the reality is that having a will is important, regardless of your financial situation or age. Here are some reasons why:… Continue reading The Importance of Getting a Will Done
Marriage is more than just the joining of two people; it's also about merging lives and assets. Estate planning might not sound romantic, but it's essential for securing your future together. The Power of Partnership: Marriage involves shared responsibilities, including financial and legal matters. Estate planning helps create a joint financial roadmap, protecting each other's… Continue reading Marriage and Estate Planning: Securing Your Future Together
In Oklahoma, surviving spouses have statutory protections to ensure that they will receive a fair share of their deceased spouse's estate. Listed below are some of the potential protections that may be available to a surviving spouse. To best determine whether a protection applies to you or to ensure that your spouse is well-provided for… Continue reading Rights of Surviving Spouses in Oklahoma
Going through a divorce is an incredibly challenging and emotionally draining experience. Following the upheaval of separating assets and rebuilding your life, it's important to remember to update your estate plan. Estate planning after a divorce is crucial to safeguarding your assets. Following divorce it's important that you revisit your most recent last will and… Continue reading Estate Planning After a Divorce
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
Issues can pop up when you leave minors as beneficiaries. Read it about them here!
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
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?
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?
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?
