Strategies to prevent loved ones from inheritance mismanagement
Generational wealth transfer is a significant component of financial planning. It ensures that hard-earned wealth benefits loved ones and future generations. However, concerns often arise about the ability of inheritors to manage their newfound wealth wisely. Implementing strategies to prevent…
Should your children receive an equal inheritance?
A will allows you to stipulate where assets held in your Oklahoma estate go after your passing. For instance, if you have children, you can dictate that they all get an equal share of funds in a bank account or…
SPACs offer the promise of high rewards with few risks
Oklahoma residents who follow business news may know that special purpose acquisition companies have become far more common in recent years. A SPAC is created to raise money through an initial public offering that is used to buy an existing…
2 sources of financial loss in a business acquisition
The goal of a business acquisition is typically to expand operations and generate revenue. A specific acquisition may occur because the business doing the purchasing wants to obtain a manufacturing facility, specific talent employed by a competitor and/or intellectual property…
The difference between guardian and power of attorney
It’s important to understand the difference between a guardian and someone with power of attorney. If you or someone you love in Oklahoma doesn’t have the capacity to take care of themself and needs someone else to make important decisions…
What happens if I die without a will in Oklahoma?
A will gives directions about dividing and distributing your estate after death. Other parts of your estate plan also provides decisions about other issues, such as personal representation and who will serve as the guardian for your children while they…