If you inherit property in Oklahoma or are leaving property to a loved one within this state, you should understand the inheritance tax rules in Oklahoma. While the state does not impose an inheritance or estate tax, this does not mean taxes will not be assessed as a result of a death. You should talk with an experienced attorney about how to protect your inheritance or the wealth you are leaving to loved ones and reduce or avoid taxes altogether. Parman & Easterday can provide … [Read more...]
Estate and Inheritance Taxes in Oklahoma – Tax, Strategies, Planning, Goals
Estate and Inheritance Taxes in Oklahoma - Tax, Strategies, Planning, Goals from Larry Parman If you believe your estate might be subject to the federal estate tax, one of the easiest ways to reduce the size of your taxable estate is to give individual lifetime gifts. You can give each person up to $14,000 per year, or $28,000 per year if you are married without incurring a gift tax penalty. Learn more about estate and inheritance taxes in Oklahoma - tax, strategies, planning, … [Read more...]
Estate and Inheritance Taxes in Oklahoma – Basic Ideas, Managing Options
Estate and Inheritance Taxes in Oklahoma - Basic Ideas, Managing Options from Larry Parman Tax laws change all the time, but developing an estate plan that addresses tax issues is something everyone can do. In our next presentation we will look at tools to reduce your exposure to taxes that your estate plan might include. Learn more about estate and inheritance taxes in Oklahoma in this presentation. … [Read more...]
Not All Powers of Attorney Are the Same
Most people know that a durable power of attorney will protect them from a costly guardianship in the event they become incapacitated. However, not just any document claiming to be a power of attorney will work. A power of attorney may be general or specific, durable or non-durable and cover financial and/or healthcare decisions. Failure to have the correct power of attorney can have devastating consequences. … [Read more...]
Free Report: Should I Have a Durable Power of Attorney in Oklahoma?
An incapacity plan will typically include a document called a durable power of attorney. With a durable power of attorney you name an agent or attorney-in- fact to act on your behalf in the event of your incapacitation. Topics covered in this report include: Incapacity is Widespread Guardianship or Conservatorship Durable Powers of Attorney Choosing an Agent Click here to read the whole article or download the PDF. … [Read more...]
