• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Parman & Easterday

Oklahoma Estate Planning Attorneys

Call Now: (405) 843-6100 |
(918) 615-2700

Attend an Education Program-Oklahoma City Area Attend An Education Program in the Tulsa Area
  • Home
  • Our Firm
    • About Our Firm
    • Attorney and Staff Profiles
    • What Our Clients Say
  • Estate Planning
    • Asset Protection
    • Business Succession Planning
    • Estate and Gift Tax Figures
    • Estate Planning Services
    • Family-Owned Businesses & Farms
    • Financial Planning Assistance
    • IRA and Retirement Planning
    • Legacy Planning
    • LGBTQ Estate Planning
    • Pet Planning
    • Powers of Attorney
    • Probate
    • SECURE Act
    • Special Needs Planning
    • Trust Administration and Probate
    • Young Families
  • Elder Law
    • Coping With Alzheimer’s
    • Elder Law
    • Emergency Medicaid
    • Guardianship & Conservatorship
    • Hospice Care
    • Medicaid Planning
    • Veteran’s Benefits
  • Resources
    • Asset Protection Worksheet
    • DocuBank
    • Elder Law
      • Elder Law & Medicaid Definitions
      • Elder Law Reports
      • Elder Law Resources
        • Edmond Elder Law
        • Oklahoma City Elder Law
        • Overland Park Elder Law
        • Yukon Elder Law
      • Medicaid
      • Nursing Home Resources
    • Estate Planning
      • An Overview of Estate and Gift Taxes
      • Estate Planning Checkup
      • Estate Planning Definitions
      • Estate Planning Reports
        • Advanced Estate Planning
        • Basic Estate Planning
        • Estate Planning for Niches
        • Trust Administration
      • Incapacity Planning Definitions
      • Is Your Estate Plan Outdated?
      • Top 10 Estate and Legacy Planning Techniques
    • Free Estate Planning Worksheet
    • Frequently Asked Questions
      • Alzheimer’s FAQs
      • Asset Protection Planning
      • Estate Planning
      • Elder Law
      • Frequently Asked Questions for Families Without an Estate Plan
      • Inheritance Planning for Minors
      • Legacy Wealth Planning
      • LGBTQ Estate Planning
      • Medicaid Planning
      • Nursing Home Asset Protection
      • Probate
      • Trust Administration
      • Trust Administration & Probate
      • Wills and Trusts
    • Newsletters
    • Probate and Trust Administration
      • Bereavement Resources
      • How to Know if You Need Extra Help With Your Grieving
      • Loss of a Loved One
      • Probate Checklist
      • The Mourner’s Bill of Rights
      • Things You Need To Do When a Loved One Passes Away With a Trust
      • Things You Need To Do When a Loved One Passes Away With a Will
      • Trust Administration & Probate Definitions
    • Probate Resources
      • Midwest City Probate
      • Moore Probate
      • Oklahoma City Probate
      • Overland Park Probate
    • Published Books
    • Pre Consultation Form
  • Communities We Serve
    • Edmond
    • Midwest City
    • Moore
    • Norman
    • Oklahoma City
    • Owasso
    • Yukon
  • Reviews
    • Our Reviews
    • Review Us
  • BLOG
  • Contact Us
Home » Taxes

Taxes

Tax Planning for 2022

January 5, 2022 by Courtesy of Parman and Easterday

Planning is important for your income taxation during life as well as for any estate tax at death. Even though 2022 is just starting, it’s not too early to think about planning for whatever it may bring your way. As 2021 ends and the New Year dawns, we need to think of…tax planning! Some years Congress tweaks the laws more than other years. While 2021 held plenty of events: a coronavirus vaccine, new coronavirus variants, a new President, etc., it was a relatively quiet year for legislative … [Read more...] about Tax Planning for 2022

Filed Under: Estate Planning, Legal Education, Taxes Tagged With: donor-advised fund, Estate Planning, estate tax planning, income tax planning

Can an Out of State Inheritance Tax Affect You?

July 13, 2021 by Larry Parman, Attorney at Law

inheritance tax

The subject of taxation on inheritances can be a bit confusing. There are federal taxes, and you hear about state-level taxes. In this post, we will explain how an out-of-state tax can affect a resident of Oklahoma. Inheritance Tax An inheritance tax and an estate tax are two different types of taxes that can be levied when someone dies.  Here we will look at the inheritance tax first. This tax can be imposed on transfers to each individual inheritor when one's estate is being … [Read more...] about Can an Out of State Inheritance Tax Affect You?

Filed Under: Estate Planning, Tax, Taxes Tagged With: Estate tax, inheritance tax

Is There a State Estate Tax in Oklahoma?

March 25, 2021 by Larry Parman, Attorney at Law

Oklahoma estate tax

Estate planning attorneys field many questions about taxes on inheritances and people usually have negative expectations. They are pleasantly surprised when they hear the facts. We will pass along the good news and a little bit of bad news in this post. State-Level Estate Tax A dozen states and the District of Columbia have state-level estate taxes. Oklahoma does not have an estate tax, but if you own property in a state that does, the tax will apply to your estate if its value exceeds the … [Read more...] about Is There a State Estate Tax in Oklahoma?

Filed Under: Estate Planning, Taxes Tagged With: federal estate tax, state estate taxes, transfer taxes

Biden Administration Could Reduce Estate Tax Exclusion

February 9, 2021 by Courtesy of Parman and Easterday

Runoff Elections in Georgia resulted in a Senate controlled by Democrats. Could this impact your Estate Planning? It’s possible. by Steve Hartnett The estate tax exclusion is the amount you can give without facing an estate tax. Under current law, you may give this amount during life or at your death and after that amount is used, you face a federal tax of 40% on assets beyond that amount. The amount has fluctuated a great deal over the years. It was $675,000 as recently as 2001. … [Read more...] about Biden Administration Could Reduce Estate Tax Exclusion

Filed Under: Estate and Inheritance Taxes , Estate and Inheritance Taxes in Oklahoma, Estate Planning, Legal Education, Taxes Tagged With: applicable exclusion, Estate Planning

Can My Non-Citizen Spouse Be a Beneficiary of My Estate?

April 16, 2020 by Larry Parman, Attorney at Law

Can My Non-Citizen Spouse Be a Beneficiary of My Estate?

If you are married, you probably want to leave all, or a significant portion, of your estate to your spouse. For the average estate plan, doing so isn't cause for special consideration. If, however, your spouse is not a citizen of the United States, you will need to take that into account.  An Overland Park estate planning attorney at Parman & Easterday explains why making your non-citizen spouse a beneficiary of your estate must be accomplished with care. The American Melting … [Read more...] about Can My Non-Citizen Spouse Be a Beneficiary of My Estate?

Filed Under: Estate Planning, Taxes

Is an IRA Taxable As Part of an Estate?

October 4, 2018 by Larry Parman, Attorney at Law

IRA estate planning

Estate planning should accomplish several inter-related goals. Along with ensuring your estate is distributed according to your wishes after you are gone, your estate plan should protect your assets while you are alive and minimize or eliminate estate taxes at your death. Your retirement plan should also work in harmony with your estate plan. If you own an IRA, you need to understand that the IRA probably will be taxed as part of your estate when you die. Our IRA estate planning attorneys at … [Read more...] about Is an IRA Taxable As Part of an Estate?

Filed Under: Taxes

Treasury Releases New Inflation Adjustment

May 3, 2018 by Larry Parman, Attorney at Law

The new tax law doubled the estate tax exclusion through 2025. This article looks at the exact amount of the new exclusion (it’s not what you thought) and how it might be useful. The article also examines why there’s no reason not to take advantage of the newly-doubled exclusion. Treasury Releases New Inflation Adjustment … [Read more...] about Treasury Releases New Inflation Adjustment

Filed Under: Estate Planning, Legal Education, Taxes Tagged With: adjustment, Estate Planning, Estate tax, exclusion, Gift Tax, income tax, inflation

Primary Sidebar

Parman & Easterday, LLP

DOWNLOAD OUR FREE ESTATE PLANNING CHECKLIST

Follow Us

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

Where We Are

OKLAHOMA CITY, OK
13913 Quail Pointe Drive, Suite B
Oklahoma City, OK 73134
Phone: (405) 843-6100
Fax: (405) 917-7018

MAP

parman_sidbr_map

Where We Are

TULSA, OK
Memorial Place 7633 E. 63rd Place Suite 312
Tulsa, OK 74133
United States (US)
Phone: (405) 843-6100

MAP

parman_sidbr_map

Office Hours

Monday9:00 AM - 5:30 PM
Tuesday9:00 AM - 5:30 PM
Wednesday9:00 AM - 5:30 PM
Thursday9:00 AM - 5:30 PM
Friday9:00 AM - 12:00 PM

Footer

footer-logo

The information on this Oklahoma Law Firm website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. This information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship.

Oklahoma City Estate Planning Attorneys at Parman & Easterday offer estate planning services in the Oklahoma City, Oklahoma and surrounding areas. Contact us for help today.

Privacy Policy | Contact Us | Disclaimer | Site Map | Powered by American Academy of Estate Planning Attorneys


© 2023 American Academy of Estate Planning Attorneys, Inc.
  • Facebook
  • LinkedIn
  • Twitter
  • YouTube