This is a growing area of concern for our clients when they are setting up their estate plans.  People are doing a lot of business online these days.  Many of us conduct part of our social lives on the Internet as well. These realities enter into the subject of estate planning and you would do well to ask yourself how your online accounts will be handled in the event of your death.
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Parman & Easterday are members of the American Academy of Estate Planning Attorneys.

Many individuals look at the estate tax and have a hard time understanding why it is imposed. They have a number of reasons for feeling this way.
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Parman & Easterday are members of the American Academy of Estate Planning Attorneys.

All advanced estate planning concepts seem to described with an acronym.  Grantor Retained Annuity Trusts (“GRATS”) are no different.  If the overall value of your estate exceeds the estate tax exclusion, steps must be taken to mitigate your exposure. Though there is a gift tax in place, there are ways that you can transfer assets to your loved ones while you are still alive in a tax-free manner. One of these could be to “zero out” the tax when the gift is made by using a GRAT.
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Parman & Easterday are members of the American Academy of Estate Planning Attorneys.

In our practice, the reality of the estate tax law is finally coming into focus and people are starting to take action.  Here’s the background.  Back in December of 2010, there was a new tax law signed by the president that is now being called the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010.  Because of the passage of this piece of legislation, the estate tax exclusion was set at $5 million for 2011 with the maximum rate of the tax coming in at 35%.
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Parman & Easterday are members of the American Academy of Estate Planning Attorneys.

Most people are in denial about the current state of the estate tax.  Oklahoma City estate planning attorneys are going to be keeping a close eye on the way that the tides turn this year with regard to the federal estate tax parameters.
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Parman & Easterday are members of the American Academy of Estate Planning Attorneys.

People often procrastinate when it comes to estate planning and one of the primary reasons for this is because they simply feel as though they are not going to die any time soon.
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Parman & Easterday are members of the American Academy of Estate Planning Attorneys.

There is nothing wrong with simple solutions in many cases, but when it comes to estate planning it is important to think things all the way through. You can hear about a course of action that seems like a great idea that will serve your purposes only to find out later on that you didn’t “read the fine print,” as it were. This is something to keep in mind when you consider the benefit of payable on death or transfer on death accounts.
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Parman & Easterday are members of the American Academy of Estate Planning Attorneys.

Revocable living trusts are becoming a more and more popular choice for people who are interested in planning their estates effectively and efficiently. One of the primary benefits that you gain by utilizing one of these trusts rather than a last will is the ability to arrange for the transfer of assets to your heirs outside of the process of probate.
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Parman & Easterday are members of the American Academy of Estate Planning Attorneys.

While taking care of the financial aspects is certainly a big part of holistic estate planning, it is also important to cover all your bases on the healthcare front.
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Parman & Easterday are members of the American Academy of Estate Planning Attorneys.

We have a lot of opportunity here in the United States, and many people take advantage of this by starting their own small business.

Of course, your first objective when you go into business is going to be to become profitable. Because of this immediate goal, you may not be thinking long-term at first; and when you are first getting started, how you’re going to exit the business may be the last thing on your mind.
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Parman & Easterday are members of the American Academy of Estate Planning Attorneys.