Oklahoma asset protection lawyers can provide comprehensive assistance to individuals at every level, regardless of income or wealth. Creating an asset protection plan is important, even if you are not "rich." There are devastating potential sources of loss, from creditor claims to high nursing home bills, and you need to take responsible steps to protect everything you have. Parman & Easterday is here to help. Our Oklahoma asset protection lawyers collaborate with you to develop a … [Read more...]
What Should You Expect As A Trust Beneficiary?
Trust administration takes place when someone with a trust has passed away. The trustee or trust administrator is the person put in charge of this process. Beneficiaries of the trust, or those who stand to inherit assets from the trust, do not have any formal legal responsibilities during the trust administration process. However, those who stand to inherit money or property from a trust should make sure they understand exactly what the trust administration process entails and how this process … [Read more...]
Should You Agree To Be A Trustee?
Oklahoma City estate planning attorneys provide assistance with the trust creation process, including the selection of an appropriate person to serve as a trustee. The trustee has many responsibilities and the decision of who should serve in this role is a big one that can impact how effectively trust assets are managed. The selection of the trustee is also important because of the key role the trustee will play in the trust administration process. Parman & Easterday will work with you … [Read more...]
Estate Planning Advice After You Get Married
Overland Park estate planning lawyers provide you with advice on financial issues, legacy planning issues, and incapacity planning. It is important for you to have a financial plan in place at all times, and to address what will happen if you get sick, at the end of your life, and after your death. These issues do not just affect older people, they impact individuals of all ages. You should put a plan in place to protect yourself and your loved ones in the future and then keep that plan updated … [Read more...]
Do All Trusts Protect Your Assets?
An asset protection planning lawyer helps you explore the legal tools that make protection of your wealth possible. There are different legal tools used in asset protection, but one popular option for people looking to keep their wealth safe and secure is the creation of a trust. Trusts, which separate ownership and possession of assets, all have at least some characteristics that provide protection for assets held within the trust. However, there are many different kinds of trusts aimed at … [Read more...]
Senior Meal Programs Could Be Cut Due To Insufficient Funding
An Oklahoma City elder law attorney provides assistance to seniors to take advantage of helpful programs as they age. As seniors get older, many require more assistance with basic activities of daily living. Sometimes, the level of need becomes so great that a senior needs help in his home from a long term care professional or must move into assisted living or a nursing home. In many situations, however, senior meal programs, adult daycare and other community-based programs make it possible for … [Read more...]
Downsides To Wills vs. Other Estate Planning Tools
There are many different estate planning tools that can be used by people who want to control the legacy they will leave behind when they pass away. While people tend to be most familiar with a last will and testament, this is not the best tool in many situations. While you can make a will a part of your estate plan, there are downsides to a will that don't exist with other estate planning tools you may want to incorporate into your plans. Parman & Easterday can help you determine what … [Read more...]
Does An Executor Have To Hire A Probate Lawyer?
A probate lawyer advises those involved in the probate process. Anyone involved in probate should have legal help to make sure their interests are protected and the wishes of the deceased are respected. While heirs or beneficiaries should have an attorney representing them because it is their inheritance which is at stake during the probate proceedings, they do not have an active role to play in filing court paperwork, taking care of tax issues and managing the probate process. It is the … [Read more...]
What is A Spousal Elective Share?
Oklahoma City elder law attorneys provide insight into the issues that matter to seniors. As elder law attorneys, we don't just help older people--we help people in every age group to plan ahead and make their future, and their family's future, more secure. One big issue an elder law attorney helps with is assisting with the creation of a last will and testament, and possibly a trust, so you can leave your assets to the people you love and thereby control your legacy. While you can leave … [Read more...]
How Much Do Seniors Need To Have Saved For Medical Care?
An Oklahoma City Medicaid planning attorney can help you make plans to pay for your medical care. Covering the costs of care can be very difficult for seniors, especially if they have a lot of medical needs and must use many different healthcare services. Far too many people do not realize they need to be concerned about the costs of medical care because they incorrectly believe that Medicare will pick up the tab for all of their health services once they qualify for Medicare coverage. The … [Read more...]
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