One of the biggest mistakes people make when creating their wills is thinking that their property will transfer quickly to their beneficiaries. The bottom line is that whether or not you have a will, your assets will go through probate when you pass away. A revocable...
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Month: March 2022
The rare yet powerful grantor retained annuity trust
Although not everyone in Oklahoma passes on considerable wealth to their children, spouses or other benefactors, everybody does leave behind an estate when they die. Whether you're a high-income earner or just average, you can use estate planning tools like trusts to...
Pros and cons of revocable trusts
A revocable trust can allow families to avoid probate court in Oklahoma. A revocable trust provides privacy and simplifies the transaction to heirs. People may think that revocable trusts are for the wealthy, but any family could make use of them once they're aware of...
Which structure is best for your business?
One of the key decisions that you'll need to make when starting your Oklahoma business is how it should be structured. If you are the company's sole owner, you may want to run it as a sole proprietorship or as a limited liability company. If the company has multiple...