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 assets and loved…
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 options…
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…
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…
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…
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…