Mineral interests allow an individual to own the rights to the minerals below the surface of a piece of land. This asset can be substantial and serve an important role in a family’s financial portfolio. These rights can include ownership of natural resources like oil...
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Estate Planning
What should you include in your will?
Creating a will ensures you communicate your wishes clearly and care for your loved ones after your passing. A well-prepared will provides detailed instructions and avoids confusion or disputes. Including the right details ensures smooth handling of your estate...
How going through probate can affect families
Probate is a term that often brings to mind images of lengthy court battles and disputing family members. It is true that probate can significantly impact families-- emotionally, financially and relationally, but learning about this ahead of time can help you make...
Should you use a life insurance trust in estate planning?
Life insurance trusts offer unique benefits when planning an estate. However, they also come with some potential downsides. Understanding both the benefits and drawbacks helps individuals make informed decisions about using life insurance trusts to protect their...
Is a trust right for my family?
Family trust planning can help you better ensure that you pass your assets according to your wishes while minimizing public exposure through probate. Trusts such as Revocable Trusts, Special Needs Trusts, and Irrevocable Life Insurance Trusts can provide diverse...
Mistakes to avoid when drafting a power of attorney
A power of attorney (POA) is a legal document that lets you appoint someone you trust to make decisions on your behalf if you become unable to do so. This step provides peace of mind and ensures your agent carries out your wishes. However, there are several common...
What if a will is contested due to undue influence in Oklahoma?
When someone believes a will does not reflect the true wishes of a person, they might decide to contest it. One common reason for contesting a will involves suspected undue influence. Contesting a will can create complex situations for family members and...
Integrating digital assets and cryptocurrencies in an estate plan
In today's world, more people are including digital assets in their estate plans. Knowing how to plan for these assets is important to ensure a smooth transfer to beneficiaries. Without proper integration, heirs may struggle to access or manage digital assets after...
Is there a limit to how many assets you should place in a trust?
Creating a trust is a powerful estate planning decision, but there are many questions you might ask that only have vague answers. For example, you might understandably wonder if there is a limit to the number of assets you can place into it. The simple answer is that...
Pros and cons of a family limited partnership in Oklahoma
Setting up a family limited partnership (FLP) is a popular choice for managing and passing on family assets. Understanding the pros and cons will help you make informed decisions that fit your family's needs and goals. Benefits of a family limited partnership A family...