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...
Responsive And Personalized Legal Counsel
Estate Planning
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...
Informing heirs about their inheritance in Oklahoma estate plans
The contents of an estate plan often remain private until the person has passed away. This choice helps maintain privacy and may prevent any potential conflicts. However, some find that discussing the plan while they are still alive leads to clearer expectations and...
How should you choose beneficiaries?
A beneficiary is someone who receives assets from a will, trust, insurance policy or retirement account. When creating an estate plan, people need to know the different options that they have for choosing beneficiaries. It is important to make thoughtful choices...