Given how popular trusts are, there is a good chance you will include one in your comprehensive estate plan. As the Settlor or Trustor (creator) of the trust, you appoint the Trustee (manager), designate the trust beneficiaries, and dictate the terms used to administer the trust. You also choose how to fund the trust. No matter how much thought you put into these initial decisions, circumstances may change in the future and you will want or need to make changes to your trust. An Oklahoma City … [Read more...]
Providing For Your Blended Family in Your Estate Plan
We have all heard the statistics – the divorce rate is around 50 percent for a first marriage in the United States. A significant percentage of those whose first marriage ends in divorce go on to remarry, making blended families fairly common as well in the U.S. If you are part of a blended family, you likely know how difficult it can be to successfully blend two existing families into one harmonious new family. It is, therefore, understandable that individuals in a blended family often forget … [Read more...]
How Old Should You Be When You Retire?
Our #1 goal is your financial security. Oklahoma City elder law attorneys can help you create a comprehensive retirement plan that will ensure you are financially secure as a senior. It is imperative that you take proactive steps to prepare for a financially secure retirement because you want to be able to support yourself without worry during your golden years. Parman & Easterday can assist you with setting retirement savings goals, making a plan to invest in accounts that minimize … [Read more...]
What Assets Count for Medicaid Eligibility for Seniors in Oklahoma?
Like many people, you may have made it through your working years without giving Medicaid eligibility a second thought if you were fortunate enough to be covered under an employer-sponsored or privately purchased health insurance policy. As a senior, however, you may find that eligibility for Medicaid is crucial to help cover the high cost of long-term care. Your eligibility, in turn, will depend on several factors, including the value of your non-exempt assets. The Oklahoma City Medicaid … [Read more...]
Oklahoma City Nursing Home Resident Dies after Altercation with Another Resident
Realizing that an elderly loved one needs the type of around the clock care only offered at a long-term care facility can be extremely difficult – particularly if you have played the role of caretaker up to that point. Like many people, you probably spent a considerable amount of time investigating the long-term care facilities in your area before deciding which one works for your loved one. Unfortunately, no matter how diligent your research and analysis might be, your loved one could still be … [Read more...]
What Happens to Assets If My Spouse Remarries after My Death?
One of the primary reasons most people create an estate plan is to ensure that the assets they acquire over a lifetime are distributed according to their wishes after their death. If that is one of your primary concerns, and you are married, you likely plan to give the majority of your assets to your spouse. What happens to those assets, however, if your spouse remarries after you are gone? It is one of those things that not everyone talks about given the emotional aspect of the subject matter. … [Read more...]
People Actually Included These Provisions in Their Wills
Your Last Will and Testament is your opportunity to decide how your estate assets will be distributed when you are gone and determine who will be in charge of overseeing the probate of your estate. Many people consider it their last opportunity to make a statement – and sometimes those statements are unusual, to say the least. Although some may be difficult to believe, people actually included the following provisions in their Will. The Truly Strange Portuguese aristocrat Luis Carlos de … [Read more...]
Top 5 Executor Duties
Ideally, when someone creates a Last Will and Testament he/she discusses the appointment of the Personal Representative (formerly referred to as "Executor" or "Executrix") with the prospective Personal Representative before making the appointment official and executing the Will. In reality, however, that doesn’t always happen. Consequently, it is not uncommon for a grieving loved one to find out that they have been appointed to administer the estate of the decedent. If you find yourself in just … [Read more...]
Proving Lack Of Testamentary Capacity In A Will Contest
The loss of a loved one is difficult enough without questions being raised about the validity of the Last Will and Testament left by the decedent. Sometimes, however, these questions cannot be avoided and a Will contest ensues. One of the common claims in a Will contest is that the Testator lacked “testamentary capacity.” What exactly does that mean? The estate planning lawyers at Parman & Easterday can provide an overview of what is required to prove lack of testamentary capacity in an … [Read more...]
What Assets Can You Have and Still Qualify for Medicaid in Oklahoma?
Even if you made it through your entire working years without ever turning to Medicaid for help covering your healthcare expenses, there is a very good chance you will need to do just that as a senior to cover the high cost of long-term care. If you do end up needing to qualify for Medicaid, both your income and your assets will be considered when determining eligibility. Knowing that, what assets can you have and still qualify for Medicaid as a senior in Oklahoma? Why Might You Need to Qualify … [Read more...]
- 1
- 2
- 3
- …
- 105
- Next Page »
