How to talk to your family about your estate plan
No Oklahoma resident wants to talk about death, let alone their own death. However, addressing what happens to your belongings and assets is essential to create a good estate plan. Having an estate plan can take a lot of pressure…
What is asset titling in estate planning?
Estate planning is important for all Oklahoma residents with substantial assets. It should be done early to protect your assets and your preferred beneficiaries if the worst were to happen. One way to do so is through the process of…
What are three major components of estate planning?
Estate planning in Tulsa, Oklahoma can be complicated. Part of this difficulty is learning the different elements of estate planning and how they differ from each other. While certain terms and concepts may seem similar, they can differ in practice….
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…
Tips for choosing a guardian
If you don’t choose a guardian for your child, an Oklahoma judge may do so on your behalf in the event that one is needed. Although appointing a guardian is a relatively easy process, there are many details to consider…