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…
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…
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…
Oklahoma’s adult guardianship process in 5 steps
As our loved ones get older, sometimes we must make tough choices to protect their quality of life. Aging comes with challenges that affect a loved one’s ability to manage some or all aspects of their life. As those challenges…
What if I don’t comply with the Corporate Transparency Act?
The Corporate Transparency Act (CTA) aims to curb illicit activities like money laundering and terrorism financing. As a business owner, it’s crucial to understand and comply with the CTA. Understanding the Corporate Transparency Act The CTA requires companies to report…
Choosing the best business structure for taxes
Starting a new business involves many decisions. One of the most important choices is the structure of your business. Different structures have different tax implications. Understanding these can help small business owners make informed decisions and avoid surprises at tax…