The questions about retirement planning, more specifically about the sufficiency of income during retirement years, is coming up more and more in our client meetings.  To some extent, this happens when people realize the limitations of social programs that are in place to assist senior Americans.  There are those who have every expectation of retiring because they have been paying into the Social Security program all of their lives and they assume that all their medical expenses will be covered by Medicare.
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Parman & Easterday are members of the American Academy of Estate Planning Attorneys.

It’s beneficial to be aware of the threats that exist when you are arranging for the transfer of assets to your loved ones after your passing. One of these would be the estate tax;  another would be the costs associated with probate.  Both should taken into consideration. There are ways that your estate planning attorney can navigate around these potential sources of asset erosion, and this is why legal representation is key.
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Parman & Easterday are members of the American Academy of Estate Planning Attorneys.

We’ve all seen characters depicted in movies and television shows who were born with “silver spoons in their mouths.”  Some of them develop character traits that are not especially pleasing.  You may know some of these people in real life as well.
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Parman & Easterday are members of the American Academy of Estate Planning Attorneys.

In most cases, the least expensive way to arrange for the transfer of assets to your loved ones is to execute a simple last will.  However, only executing a simple last will would also ignore a number of other factors.
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Parman & Easterday are members of the American Academy of Estate Planning Attorneys.

Aside from the last will, there are other wills typically used in estate planning.  We will take a look at a few of them here.
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Parman & Easterday are members of the American Academy of Estate Planning Attorneys.

Recent statistics show that a lot of people are finding themselves unprepared for retirement.  One reason is because they assume that Social Security will provide them with adequate retirement income. Looking more closely into the matter you find that the average Social Security benefit is not going to be enough to finance any reasonable retirement.
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Parman & Easterday are members of the American Academy of Estate Planning Attorneys.

You will often hear Oklahoma City estate planning attorneys talk about how important it is not to procrastinate when it comes to making preparations for the future. While it is true that the average lifespan exceeds 78 years right now, that does not mean that you should wait until you are about 75 to put an estate plan in place.
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Parman & Easterday are members of the American Academy of Estate Planning Attorneys.

Estate planning involves some detailed decision-making, and it is not always as simple as looking at a piece of pie and handing out equal slices. Very few people have all of their assets reduced to an easily distributed pie and you may or may not want to give all the people on your inheritance list an equal share.
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Parman & Easterday are members of the American Academy of Estate Planning Attorneys.

Drawing up a last will or creating a living trust are the things that most people first consider when they are planning for the end of their lives. There are a lot of decisions that must be made and making sure your loved ones are provided for financially is important.
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Parman & Easterday are members of the American Academy of Estate Planning Attorneys.

The way you view estate planning can vary considerably depending on your personal situation. There are variables and complexities to take into account, such as divorce and remarriage with children from each marriage.
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Parman & Easterday are members of the American Academy of Estate Planning Attorneys.