Creating a comprehensive and cohesive estate plan isthe most precious gift you can give to yourself and your loved ones. Given theimportance of your estate plan, choosing the right estate planning attorney tohelp you create that plan should be given considerable thought and care. At Parman & Easterday we understandhow difficult choosing an attorney can be, particularly given the highlypersonal and sensitive nature of estate planning. If you are a resident of Midwest City, Oklahoma we invite you tosit down with us and discuss your estate planning needs and goals and we hopeto ultimately develop a lifelong relationship with you that will further thosegoals.
Midwest City, Oklahoma
Covering approximately 25 square miles, Midwest Cityis located in Oklahoma County, Oklahoma and was home to 54,371 residents as ofthe 2010 Census.
W.P. “Bill” Atkinson bought land in the areathat would become Midwest City after hearing speculation that an air field wasgoing to be built nearby. The city, which was incorporated on March 11, 1943,was named for the air field’s original designation as the Midwest Air Depot.When Major General Clarence L. Tinker of Pawhuska, Oklahoma became the firstAmerican general killed in World War II (June 7, 1942) near Wake Island, the airfieldwas renamed in his honor. Seward Mott,the director of the Federal Housing Administration’s Land Planning Division,helped design the city, gaining national print and broadcast attention, and itbecame a model for postwar community development.
Portions of Midwest City particularly northwest ofTinker Air Force Base sustained extreme damage from a violent tornado thatswept through the southern and eastern areas of the Oklahoma City Metro on May3, 1999. While it produced F5 damage in South Oklahoma City, damage in MidwestCity was rated high-end F4, with numerous destroyed homes and three fatalities.Another strong tornado struck almost exactly the same area four years later onMay 8, 2003. The combination of rapid post-war growth and destruction caused bynatural disasters lead to revitalization efforts in the early 21st century. Anew Town Center Plaza shopping area and the Reed Center, a 60,000-square-footconvention center, were both built as part of the revitalization plans.
Parman & Easterday in the Midwest City, Oklahoma Community
The estate plan you create today should protect andprovide for you and your loved ones for many years to come. Consequently, choosing the right lawyer tohelp you create that plan should be a priority. At Parman & Easterday we understand how important your Midwest City, Oklahoma estate plan isto you and we are dedicated to helping you develop a plan that accomplishes allof your current and future estate planning goals.
The evolution of both your family and your estate willbe marked by important benchmarks and events. Many of those should trigger areview and revision of your estate plan. Because your estate plan continues tochange and grow to keep up with the changes in your life, it is important todevelop a strong, and ongoing, relationship with your estate planningattorney. Your initial estate plan willlikely be rather simplistic because you may be young, single, and justembarking on your career path. Consequently, your primary goal will likely be to ensure that you do notleave behind an intestate estate in the event of your death which can beaccomplished with a simple Last Will and Testament. As your family and yourestate grow however, your estate plan will need to expand to accommodate thosechanges. If you decide to marry, for instance, you may want to add your newspouse as a beneficiary and/or a fiduciary within your estate plan. The birthof a child will trigger the need to protect your minor child’s inheritance.Having a family should prompt you to worry about the possibility of your ownincapacity and the need to include incapacity planning in your overall estateplan. The more valuable and complex your estate becomes, the more important itwill be to incorporate tax avoidance, asset protection, and probate avoidancetools and strategies into your plan. Looking to the future, the need to mergeyour retirement plan with your estate plan should be considered to ensure thatthey work in harmony with one another. Long-term planning and the possibilitythat you will need to qualify for Medicaid as a senior may also necessitate theaddition of a Medicaid planning component. Finally, if you have strong beliefsregarding end of life medical care and/or about how your body should be handledafter your death, it is imperative that you include advance directives as wellas funeral and burial planning components in your comprehensive estate plan toensure that your wishes are honored at the end of your life
The estate planning attorneys at Parman & Easterday would be honored to help you create anestate plan that protects everything dear to you, both now and in the future.
If you have questions or concerns regarding yourestate plan, or wish to make an appointment to get started on an estate plan, contactthe experienced Midwest City, Oklahomaestate planning attorneys at Parman & Easterday by calling 405-843-6100 to schedule your appointment today.