If you recently experienced the loss of a parent, you are undoubtedly still going through the grieving process. The legal ramifications of your parent’s death may be the furthest thing from your mind at the moment. Nevertheless, your parent’s estate may need to be probated before the assets are distributed. At some point in that process, you may begin to wonder where you stand if your parents were never legally married. An Oklahoma City probate attorney at Parman & Easterday explains the … [Read more...] about Will I Inherit from My Parents If They Were Never Married?
Although every estate is unique, one of the motivations for creating an estate plan is so that loved ones aren’t faced with any real surprises during the probate of an estate. What happens though if you learn that a recently deceased loved one made a death bed Will at the last minute that changed the terms of his/her previous Will? Is that Will valid? Can you contest the deathbed Will? An Oklahoma City probate attorney at Parman & Easterday discusses contesting a deathbed Will. What … [Read more...] about Contesting a Deathbed Will
Oklahoma probate laws govern every aspect of the probate process, which occurs after most deaths within the state. Unless the deceased has taken steps to ensure all property can pass outside probate, the probate process is necessary to facilitate the transfer of the deceased's assets and the winding up of his or her estate. The executor has a fundamentally important role to play during the probate process and it is imperative the executor know all the Oklahoma laws which must be … [Read more...] about What Executors Need to Know About Oklahoma Probate Laws
Creating a successful estate plan requires you to do more than just decide how you want your estate assets to be distributed. You also need to protect those assets while you are alive as well as protect your estate after you are gone. For example, understanding how federal gift and estate taxes will impact your estate is crucial. To do that, you need to understand the marital deduction. To help you, an Oklahoma City estate planning attorney at Parman & Easterday explains how the marital … [Read more...] about Understanding the Marital Deduction
It’s that time of year again – time to make a New Year’s resolution. This year, why not make one you know you can keep and that benefits you and your loved ones? As we usher in a new decade, make it a point to review your existing estate plan and make any necessary changes. To help you get started, an Overland Park estate planning attorney at Parman & Easterday explains why reviewing your estate plan should be this year’s resolution. What to Expect from a Routine Review For an estate … [Read more...] about New Year’s Resolution – Estate Planning Review
Oklahoma Medicaid is a program for people with low-incomes. Medicaid is also designed to provide services to some disabled individuals and seniors. In Oklahoma, Medicaid is commonly referred to as SoonerCare. The rules to qualify for SoonerCare vary depending upon the program for which you are seeking benefits, but in general, SoonerCare is supposed to provide for people who do not have a lot of money and assets. Unfortunately for many seniors, Medicaid or SoonerCare may be the only way … [Read more...] about Do You Have to be Poor to Benefit from Oklahoma Medicaid?
Part I got a little close to home for some of you? There's more, perhaps some solutions. Last week we wrote a blog about how people who have hoarding disorders can be less likely to create an estate plan than those who are not affected by the same problems. The more we looked at how common the problem compulsive hoarding is, and how difficult it can be to deal with it, the more we wanted to write a follow-up post to help those who might be affected. So, today we are going to take a look … [Read more...] about Hoarding and Estate Planning Part 2 – Identifying and Helping Hoarders
When the topic of estate planning comes up, the focus is usually on the need to create a plan, not on what to do with the plan once you have created it. It can, however, be equally important to safeguard your estate plan documents to ensure that they work as intended. An Oklahoma City estate planning attorney at Parman & Easterday explains how to keep your estate plan safe. What’s In Your Plan? The estate plan you create should be as unique and individual as you are. Nevertheless, … [Read more...] about Keeping Your Estate Plan Safe
Wow...this will hit home for some of you. Hold on...seriously. No one thinks of this as an impediment to creating an effective estate plan. This is going to take Part I and Part II. Compulsive hoarding is a significant psychological disorder that affects as many as one in 20 Americans. Most of the people affected by compulsive hoarding show signs of the disorder while they are younger, but because the disorder tends to worsen with age, it is most commonly seen in people who … [Read more...] about Hoarding and Estate Planning – How Compulsive Hoarding Can Be a Significant Barrier to Effective Estate Planning
Even though we know better, we all prefer to think our loved ones will live forever. We probably have never sat down and thought about what steps we will need to take after a loved one passes away. Consequently, if we find ourselves in this position we may not know what to do. Although everyone's experience is unique, the Oklahoma City trusts and probate attorneys at Parman & Easterday have put together a list of practical steps typically needed to be taken following the death of a … [Read more...] about Practical Steps to Take after the Death of a Loved One