As we enter tornado season here in Oklahoma, it is a good time to remember the importance of safeguarding your original estate planning documents. While a copy of your estate planning documents will be sufficient for most situations, a major exception applies to your Last Will and Testament. In most situations, the original will must be presented in order to be valid. The most common situation involves probate proceedings. If a person dies owning property that must be … [Read more...] about The Importance of Safeguarding Your Original Documents
Estate Planning Reports
People tend to be fascinated by the lives of celebrities, and as a result, news outlets often discuss the way deceased celebrities plan their estates. … [Read more...] about McNair, Monroe & Morrison: Three Estate Planning Nightmares
To have a guardian appointed, a Court must find a person is impaired and unable to make reasonable decisions regarding his or her person or finances. But how does that affect his/her ability to execute a will? A person may be able to execute a will in Oklahoma, even if incapacitated or in need of protection through a guardianship, but how do we know for sure? Absent a guardianship, there is a presumption that a person is competent. Does the guardianship change this presumption? … [Read more...] about How Guardianship Affects Your Ability to Execute A Will
There are those who decide that they don't need an estate plan because they are not going to be exposed to the federal estate tax. … [Read more...] about Do You Really Need an Estate Plan?
We would like to provide the answers to a few commonly asked questions about last wills. 1.) If I record my final wishes in a last will what happens after I pass away? This is a very good question because too many people don't think about the postmortem aspect. The assets you intend to transfer by your last will are not privately passed around among people who are named in it after your funeral. It varies by state but in many if you have over $20,000 in assets your estate must be … [Read more...] about Will FAQs
A lot of people procrastinate when it comes to estate planning. For various reasons they keep putting it off until another day, and many times their family members wind up paying the price. In fact, studies consistently show that the majority of adults don't have all of the appropriate estate planning documents in place. … [Read more...] about Will Forgery Case Makes News
Probate, the process that will be used to settle your affairs in your home state, becomes Ancillary Probate when you own property in more than one state. Ancillary, or secondary probate, raises the cost and time you will spend, since the process must occur in two separate locations. … [Read more...] about When is Ancillary Probate Necessary?
While there are a variety of tools and forms that can make up a comprehensive estate plan, we thought it would be beneficial to go over some of the more common documents. Here then, is a quick look at three estate planning documents you're most likely to encounter. … [Read more...] about A Primer in Estate Planning Documents
When someone we love passes away, our first thoughts are often about the friends and family that have been left behind. We want to comfort each other, protect each other and hopefully start the healing process that will only come with time. But what happens when the will gets in the way? What happens when the will doesn't do what it should? … [Read more...] about How To Contest a Will
One of the roles our firm assumes as a member of the community is that of an educational organization. To this end we have taken the time to prepare a series of reports that cover a number of different aspects of estate planning. We are offering these reports one by one to people here in the greater Oklahoma City area who want to learn more about estate planning and why it is so important. At the current time our report on wills is available to you free of charge, and you can obtain access by … [Read more...] about Free Report Reveals the Dangers of Do-It-Yourself Wills