Making sure that you take the necessary steps to arrange for the transfer of your assets to your heirs after you die is clearly very important. You want to be certain that your wishes are carried out without leaving anything to chance. You also have to make sure that you position your assets in such a way as to minimize asset erosion. Doing this is going to require expert counsel.
With the above having been stated, it is also important to seek professional guidance when you receive an inheritance if you are not particularly financially savvy.
Sometimes an individual receives a significant inheritance somewhat unexpectedly without having much of a background handling large sums of money. It can be easy to act impetuously when you are suddenly in possession of a sum of money that could be described as life-changing to one degree or another.
However, such a windfall may be your last opportunity to set yourself up comfortably for the long-term, so the decisions that you make should be carefully measured and informed ones.
There is no reason to expect everyone to be capable of handling an inheritance effectively without professional advice. If you are wondering how to proceed after inheriting a significant store of financial resources the logical first step is to sit down and discuss your situation with an experienced Oklahoma City financial planning lawyer. Your attorney will carefully evaluate your case, listen as you explain your objectives, and help you to create an intelligently conceived financial framework that makes the most of your inheritance.
Larry Parman
Author, President and Founding Attorney
Parman & Easterday
Since founding Parman & Easterday in 1985, Larry has led over 1,000 free, community-service education programs and helped more than 10,000 Oklahoma families go from putting off their estate plan to getting it done. His goal for every client is the same: to become the person their family calls "the one who took care of everything."
Larry is the author of three books: The Straight Shooter's Guide to Estate Planning; Estate Planning Basics; and Guiding Those Left Behind in Oklahoma. He served as Oklahoma's Secretary of State and Secretary of Commerce, and his firm is the only member of the American Academy of Estate Planning Attorneys in the state.
- Choosing the Right Successor Trustee: Key Considerations - October 8, 2026
- Aging in Place: A Medicaid Waiver Can Fill the Gap - October 6, 2026
- Does Every Estate Go Through Probate? - September 29, 2026
