Some people adopt a random, haphazard approach to the subject of estate planning. They create a will or a trust as a pie slicing mechanism, and they are done. They do not take proactive steps to shape their legacies in any particular way. The other approach is intentional and holistic. You envision the legacy you wish to leave to your loved ones and do what it takes to actualize that vision. Life Insurance Coverage Life insurance can help you bolster the resources you are able to pass … [Read more...] about Life Insurance Can Fortify Your Estate Plan
Although every estate plan should be uniquely designed and tailored to meet the needs and goals of the person creating the plan, there are some estate planning tools and strategies that can frequently be found in most estate plans. One of those tools is life insurance. Life insurance is a versatile estate planning tool that can help provide for loved ones, help you grow your estate assets, and even help cover the cost of your funeral and burial. The key to getting the maximum benefits out of … [Read more...] about Understanding Life Insurance
A comprehensive estate plan will incorporate a wide range of tools and strategies into the plan. One of the most common of those tools is life insurance. Whether you are a young single person just starting out in your career or you are well into your “Golden Years,” life insurance will likely play a role in your estate plan. Knowing which type of life insurance to purchase, therefore, is important. Numerous factors will go into determining which type of plan is best for you. To get you started, … [Read more...] about What Type of Life Insurance Should I Purchase?
Parman & Easterday elder law attorneys can provide you with advice on the steps that you will need to take to ensure your family is provided for and protected if something happened to you. One of the key steps that may be necessary for you could involve the purchase of a life insurance policy. Parman & Easterday can assist you in determining if life insurance is something that you should purchase. We can also help you to make smart plans for how the death benefit should be paid out … [Read more...] about Do You Need Life Insurance?
Estate planning is something that may seem like more of a priority for people who are married. When you are married you have someone depending on you, and in many cases you are going to have children in addition to your spouse. However, estate planning is also important for single adults. With this in mind, let's look at the fallout that would result if you were to pass away as a single person without a last will or any other estate planning documents. … [Read more...] about Intestate in Oklahoma City: What Happens If I’m Single When I Die?
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...] about Intestacy in Oklahoma City Oklahoma: How Is My Property Distributed If I Die Intestate?
We came across an interesting article on the Forbes website recently that underscores the importance of estate planning. You definitely don't want to die intestate, especially if you are in possession of considerable resources.Intestacy is the condition of dying without having executed a last will or any other type of estate planning document that directs the transfer of your financial assets. Each state has its own specific rules of intestacy succession. In Oklahoma your spouse and your … [Read more...] about New York Estate Case Underscores Importance of Planning
If you die without having executed a last Will or some other type of estate planning documents that facilitate the transfer of assets to your loved ones you are said to have died intestate. In cases such as this the probate court will get involved and ultimately distribute the resources in accordance with the accepted intestacy rules of succession in the state of Oklahoma. … [Read more...] about Avoid Intestacy for Well Being of Partner