When you own a family farm or business, you need to be aware of the possibility of estate tax. Estate tax can be assessed upon your death. Unfortunately, in some cases, this tax ends up being very difficult for heirs to pay. Since the value of the business and farm count as part of your estate, the tax bill may be significant due to the value of the business assets and land value. Because most business and farm owners have much of their wealth tied up in these endeavors, there may not be enough … [Read more...]
Intestacy in Oklahoma City Oklahoma: How Is My Property Distributed If I Die Intestate?
Estate planning is important for all responsible adults. Some people do not take action even though they should because they are prone to procrastination. They intend to take care of it at some point in the future. Of course, many times the individual who thinks this way dies before he or she ever gets around to planning his or her estate. … [Read more...]
