Estate planning can seem like an overwhelming task if you want to make sure you do everything right, and this can lead to procrastination when you don’t know where to begin. While there are different approaches that can be taken, there is a basic framework that is the same for everyone, and it boils down to four essential elements. Asset Transfers You have to utilize an asset transfer vehicle when you plan your estate. Many people assume that a simple will is the right choice, but this is … [Read more...] about You Should Have These Estate Planning Documents
The simple will or last will and testament is the document most people think of when they think of estate planning. In this post, we will look at the legal requirements for executing a will and a viable alternative. Purposes and Basic Requirements A will can be used to record how you want your monetary assets to be transferred after you pass away. If you create a will, you name an executor to act as the estate administrator. You can also designate a guardian for minor children in a will. … [Read more...] about What Are the Legal Requirements for a Will in Oklahoma?
The one estate planning document that everyone has heard of is the simple will that you can use to state your wishes with regard to the distribution of your assets. You may also designate a guardian for your dependent children if you execute a will. Many people are surprised to hear that this is just one of a number of different types of wills that are used in the field of estate planning. In this post, we will look at these different documents so you can go forward with a better … [Read more...] about Are There Different Types of Wills?