• 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      • Is Your Estate Plan Outdated?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
    • Yukon
  • Reviews
    • Our Reviews
    • Review Us
  • BLOG
  • Contact Us
Home » Estate Planning » How an Overland Park Inheritance Planning Lawyer Helps After You’ve Inherited

How an Overland Park Inheritance Planning Lawyer Helps After You’ve Inherited

November 29, 2018 by Larry Parman, Attorney at Law

Overland Park inheritance planning

An Overland Park inheritance planning lawyer at Parman & Easterday can provide you with assistance if you are receiving money or property from a loved one who has passed away.  When you receive an inheritance, it is important to ensure that the wishes of the deceased are respected. You want to ensure that the money or property that was left to you passes as quickly and effectively as possible and that you understand any steps you need to take as far as taxes and other issues are concerned.

Parman & Easterday will help you at every step of the process during the time after you inherit. We provide assistance to those who will inherit through the probate process as well as through the trust administration process, because they were co-owners with rights of survivorship, or because they were the designated beneficiary on a pay-on-death account. If you are going to inherit money or property, give us a call and let us help you to protect the money or assets you’re being provided from your deceased loved one.

How an Overland Park Inheritance Planning Lawyer Helps After You’ve Inherited?

The specific assistance that an Overland Park inheritance planning lawyer can offer to you will depend upon your situation. However, some of the ways in which an attorney can help you will include:

  • Providing insight into how the asset transfer will take place: There are very different processes of inheriting money or property depending upon whether you inherit through trust administration, the probate process, or some other means. We’ll explain what to expect and help you incorporate these assets into your financial plan.
  • Monitoring the asset transfer process: You’ll want to make sure that the trust administrator – successor trustee of a trust – is fulfilling his or her responsibilities during the trust administration process or that the executor of an estate is fulfilling his or her obligations during probate. The executor/successor trustee of an estate or the trust administrator has a fiduciary duty to fulfill his or her responsibilities in facilitating the transfer or wealth and managing estate assets. If that person fails to fulfill their responsibilities, it becomes important to take appropriate action to protect the wealth that the deceased left behind.
  • Addressing tax implications: The executor/successor trustee of an estate or the trust administrator has a substantial amount of responsibility to fulfill tax responsibilities associated with the transfer of assets. However, depending upon the way in which you inherit, you may also have certain steps you need to take as well. For example, if you inherit an Individual Retirement Arrangement (IRA), as a spouse you’ll need to decide if you want to roll over the assets in the IRA or if not a spouse explore your withdrawal options.

There may also be other services that our legal team can offer to you, depending upon the nature of the property you inherit or the method by which the asset transfer takes place. It’s a good idea to reach out early in the process so you can get advice at every step of the transfer of wealth.

Getting Help from an Overland Park Inheritance Planning Lawyer

If you’ve received money or property as part of an inheritance, you owe it to yourself and to the loved one who left you the assets to make certain you have taken steps to protect the money and property that you’ll receive. Parman & Easterday will provide the help you need. You should give us a call as soon as you find out that you stand to inherit and we can advise you throughout the probate process, trust administration process, or other method by which assets transfer to you.

To find out more about how an Overland Park inheritance planning lawyer at our firm can help you, join us for a free seminar. You can also give us a call today at (405) 843-6100 or contact us online at any time for more information.

  • Author
  • Recent Posts
Larry Parman, Attorney at Law
Larry Parman, Attorney at Law
Founder and Owner at Parman & Easterday
After helping his own family deal with a lengthy probate and the IRS following his father’s untimely death in a farm accident, Larry Parman made a decision to help families create effective estate plans designed to reduce taxes, minimize legal interference with the transfer of assets to one’s heirs, and protect his clients’ assets from predators and creditors.
Larry Parman, Attorney at Law
Latest posts by Larry Parman, Attorney at Law (see all)
  • Estate Administration 101 - February 2, 2023
  • Why Do You Need an Elder Law Attorney? - January 31, 2023
  • Inheritance Planning for Blended Families - January 26, 2023

Filed Under: Estate Planning

Other Articles You May Find Useful

Estate Administration 101
wills and trusts
4 Things Trusts Do That Wills Can’t Do
advance estate planning property liquidation
Downsizing Can Be Part of Your Estate Plan
Now That Mid-Terms Are Over, Let’s Talk Taxes
ancillary probate
Prevent the Nightmare of Ancillary Probate
Common Mistakes in Estate Planning – Part V

Primary Sidebar

Parman & Easterday, LLP

DOWNLOAD OUR FREE ESTATE PLANNING CHECKLIST

SUBSCRIBE TO OUR BLOG

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
Tulsa, OK 74133
Phone: (918) 615-2700

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