How planning and execution lead to success in business
Hundreds of Oklahoma residents start new businesses every year. Unfortunately, almost half of these endeavors will close within five years of opening. Planning and execution strategies are essential for long-term success. The power of planning Most entrepreneurial efforts begin with…
Retirements accounts might go through probate in Oklahoma
When a person in Oklahoma dies, their estate goes through probate. This is a legal process that determines how the deceased’s beneficiaries will inherit their assets. In some cases, a judge might include the retirement accounts in the deceased’s estate…
A guide to business formations in Oklahoma
Oklahoma business law requires companies to have a valid formation document when registering with the state. It is important to review the various business forms available and be aware of the advantages and disadvantages each offers before making a decision…
Strategies for steering clear of the probate process
The death of a relative inevitably brings a host of tasks such as planning a funeral, notifying family members and tending to the immediate needs of grieving loved ones, but after all of that comes the difficult process of handling…
Benefits derived by advanced estate planning
A will allows you to ensure that a trustee distributes your assets according to your wishes. Advanced estate planning takes this foresightedness one step further. It’s a suitable strategy for anyone in Oklahoma who wants to protect their property, reduce…
Why you should consider an IDGT
The use of an intentionally defective grantor trust (IDGT) may be an efficient way for Oklahoma residents to transfer wealth. This is because assets held in the trust don’t count toward the final valuation of the grantor’s estate for tax…