COVID-19, the novel coronavirus, has been a challenge confronting countries around the world. While healthcare systems have fought the virus, economies have been hurt by the social distancing required to combat the virus. However, there may be an opportunity for those wishing to do certain types of Estate Planning. Read on to learn more. by Steve Hartnett The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first appeared in late 2019 and was reported to the … [Read more...] about Economic Fallout from Coronavirus May Provide Opportunities
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Retirement Planning and Your Estate Plan
The earlier you begin planning for retirement the less you will need to save in the long run. In fact, you might be amazed to find out what a huge difference it makes to start saving earlier in your working career. To ensure that your retirement plan works as intended, however, it should be created in conjunction with your overall estate plan. An Oklahoma City retirement planning attorney at Parman & Easterday offers discusses how retirement planning fits into your estate plan. Retirement … [Read more...] about Retirement Planning and Your Estate Plan
Low-Interest Loans: An Estate Planning Technique
The coronavirus has caused upheaval in society and the economy. But, this unique time also opens up opportunities in estate planning. Read on to learn more. by Steve Hartnett The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first appeared in late 2019 and was reported to the World Health Organization (WHO) on December 31, 2019. Here’s a link to the WHO’s site for the latest global information. COVID-19 has impacted the lives of millions of people and … [Read more...] about Low-Interest Loans: An Estate Planning Technique
Uncompensated Transfers
Medicaid is a state-federal partnership that provides medical benefit assistance to people who qualify, especially those over 65 years of age. However, in order to qualify, you also need to meet certain financial requirements such as asset limits. However, if you have made “uncompensated transfers,” that could lead to a period of disqualification from the program. Read on to learn more. Uncompensated Transfers … [Read more...] about Uncompensated Transfers
Is Your Pet Protected?
Do you have a dog, cat, or other pet you consider part of the family? If the answer is “yes,” you probably spend a considerable amount of time and money on your pet. You may even include your pet in major decisions that impact the family. But is your pet protected if something happens to you? Pet Ownership Facts and Figures In the United States we have a unique relationship with animals. We domesticate them to an extent not equaled elsewhere in the world. We have twice as many dogs … [Read more...] about Is Your Pet Protected?
Parman & Easterday Trust Administration Tips
If you recently learned that you were appointed to be the Trustee of a trust, and this is the first time you have served in such a capacity, you might be somewhat intimidated at the prospect. The best way to ensure that you do not make a costly mistake in your role as Trustee is to retain the services of an experienced trust administration attorney. You may also find the following trust administration tips to be helpful from a trust administration attorney at Parman & … [Read more...] about Parman & Easterday Trust Administration Tips
Irrevocable Medicaid Trusts
May 19, 2020 by Steve Hartnett Medicaid is a state-federal partnership that provides medical benefit assistance to certain needy people, especially those over 65 years of age. However, you need to meet financial requirements such as asset limits to qualify. Assets in an irrevocable trust not for your benefit typically don’t count as available. Read on to learn more. In order to be considered to have financial need, when you go into a nursing home and go on Medicaid, you cannot have more than … [Read more...] about Irrevocable Medicaid Trusts
Priceless Lesson from a 43-Year-Old Index Card
What You Need to Know about Trust Administration
In recent years, trusts have become a commonplace addition to even the simplest estate plan. Unfortunately, the creator of a trust doesn’t always discuss the appointment of a Trustee with the intended Trustee. If you recently learned that you were appointed as a Trustee, and you have never served as a Trustee, you probably don’t know where to begin in your trust administration duties. An Oklahoma City trust attorney at Parman & Easterday explains what you need to know about trust … [Read more...] about What You Need to Know about Trust Administration
Avoiding Family Chaos in the Coronavirus Age
The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first appeared in late 2019 and was reported to the World Health Organization (WHO) on December 31, 2019. Here’s a link to the WHO’s site for the latest global information. COVID-19 has impacted the lives of millions of people and countless events around the world. The coronavirus has infected over four million people around the world, including over a million in the United States. Over 100,000 … [Read more...] about Avoiding Family Chaos in the Coronavirus Age
