The death of a spouse is never easy to accept. The time period that follows is often marked by heightened emotions as you work through your loss. It can be even harder to work through your grief if you also learn that your spouse left you out of his/her Will. The Oklahoma City probate attorneys at Parman & Easterday discuss your ability to contest your husband’s Will. Probate Basics When an individual passes away, the law requires the assets that make up the decedent’s estate … [Read more...] about Can I Contest My Husband’s Will?
BLOG
Is Long-Term Care Insurance Worth the Cost?
One of the most important goals of your estate plan should be to protect both you and your assets during your lifetime. To do that, you need to consider the very real possibility that you will need long-term care (LTC) at some point in your life. The question is, how will you pay the prohibitive cost of that care? One option is to purchase long-term care insurance. Then the question becomes, is it really worth the cost? To answer these questions, an Oklahoma City Medicaid planning attorney at … [Read more...] about Is Long-Term Care Insurance Worth the Cost?
Are You Entitled to Veterans Benefits?
If you served your country in the United States Armed Forces, or you are a surviving dependent of someone who did, the country owes you a huge debt of gratitude. Although that debt can never be repaid, the government does make an effort to give back to veterans and their dependents by providing them with a variety of veterans benefits. If you are a veteran, you may already know about many of the benefits to which you are entitled. To make sure you are receiving all your benefits, the Kansas City … [Read more...] about Are You Entitled to Veterans Benefits?
The Basics: “HIPAA” Powers
by Steve Hartnett This is the second in a three-part series of articles on Powers of Attorney. The first article examined the Financial Power of Attorney. This second article examines the Healthcare Power of Attorney and Advance Directive. This is the third in a three-part series of articles on Powers of Attorney. The first article examined the Financial Power of Attorney. The second article examined the Healthcare Power of Attorney and Advance Directive. This third article in … [Read more...] about The Basics: “HIPAA” Powers
What Is the Difference between SSI and SSDI?
Although we often think of disability as something that occurs as we age, the reality is that anyone can become disabled at any time. A tragic accident or a debilitating illness could leave you incapacitated and unable to work tomorrow. If that were to occur, would your family suffer financially without your income? The odds are good that it would. Fortunately, we have several programs in the United States that are aimed at helping workers who cannot work because of a disability. Both the … [Read more...] about What Is the Difference between SSI and SSDI?
Living Trusts Have Downsides Too
While we have regularly advocate on behalf of revocable living trust, you should realize that living trusts have downsides as well. Just like any estate planning tool, understanding the positive and negative aspects of any part of a plan you might create is essential before you make any decision. To give you a better idea of what some of the downsides to having or creating a living trust are, let's take a look at some important issues. Living Trusts Are Not Ideally Suited For Everyone Most … [Read more...] about Living Trusts Have Downsides Too
The Basics: Powers of Attorney for Healthcare
Powers of Attorney are part of even the simplest estate plan. A Power of Attorney allows your Agent to act for you. There are Powers of Attorney for financial matters and also those for health care. This article concerns the Healthcare Powers of Attorney and Advance Directives. by Steve Hartnett This is the second in a three-part series of articles on Powers of Attorney. The first article examined the Financial Power of Attorney. This second article examines the Healthcare Power of … [Read more...] about The Basics: Powers of Attorney for Healthcare
Understanding Estate Planning – Why Are There so Many Trusts?
When families in Kansas and Oklahoma start the estate planning process, they often choose to create one or more types of trusts. But why is this? Why would an estate plan need a trust, or several of them? What do trusts do that other estate planning tools do not? To help explain why your estate plan might rely upon one or more types of trusts, today we are going to take a closer look at the variety of protections and options these estate planning devices afford. However, it's important to … [Read more...] about Understanding Estate Planning – Why Are There so Many Trusts?
The Basics: Financial Power of Attorney
Powers of Attorney are part of even the simplest estate plan. A Power of Attorney allows your Agent to act for you. There are Powers of Attorney for financial matters and also those for health care. This is the first in a three-part series of articles on Powers of Attorney. This first article examines the Financial Power of Attorney. The second article will address the Healthcare Powers of Attorney. The third article in the series will focus on a “HIPAA” Power of Attorney. These … [Read more...] about The Basics: Financial Power of Attorney
The Benefits of Legacy Planning
You likely know what estate planning is and why it is so important to have an estate plan in place. Do you, however, know what legacy planning is? The idea behind the concept of legacy planning is to take estate planning to the next level. Legacy planning allows you to incorporate your ideals, beliefs, values, and faith into your estate planning endeavors. Instead of simply leaving behind assets, legacy planning lets you leave behind much more of who you are and what made you the person … [Read more...] about The Benefits of Legacy Planning
