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An effective estate plan must have certain key components for it to be successful. This makes estate planning a crucial aspect of financial management and legacy preservation. It involves arranging for the distribution of your assets and properties after you pass away. Successful estate planning ensures the fulfillment of your wishes. It ensures that the people you want to make gifts to actually get…
When someone dies in Oklahoma it may be necessary for you to file a probate in Wagoner County. The process is fairly complex and set out in Oklahoma statutes. Filing a probate is necessary to transfer personal property as well as real property including thee homes or businesses they owned when they died. Read through the following article for more information on the probate…
Dying without a will in Wagoner County is fairly common. When an individual dies without a will, the law of “intestate succession” will apply. Under this law, the property of the deceased will go to his or her close relatives. Here’s how Estate Planning and property inheritance works in these circumstances. Dying Without a Will Spousal Share When a persona dies with a will…
Stepchildren and Wills have to be specifically addressed in estate planning. A Health and Retirement Study conducted from 1995 to 2010, addresses a growing trend regarding stepchildren and wills. Of people in the age groups over 50 years old, 40% had no will or last testament. This could cause a unique problem for families that include genetic and step-children and wills. If a person…
Creating a testamentary charitable donation is one of many ways that a person or family distributes their wealth. Estate planning in Wagoner County is an important ens of life process that’s important to you and yours. In some cases, when a person passes they wish to leave a portion of their estate and assets to charity. According to polls, about 5% of Americans make…
Making a Will in Wagoner County isn’t hard with a little guidance. Millions of dollars are left unclaimed each year due to people passing away without making a will. In fact, over half of older and elderly Americans do not have a will. A small market is opening for people who claim the benefits of unclaimed estates. The companies who find these claims are…
According to the AARP, over 10% of children in Oklahoma live with their grandparents in the home. Further, of these almost 80,000 grandparents are the primary caregivers for their grandchildren. As a result, many people want to provide an inheritance for grandchildren in their last will and testament. This is something that is possible. Leaving Inheritance for Grandchildren First and foremost, to leave an…
According to a poll by AARP, 60% of Americans lack an estate plan. This is a major problem for people who want to leave their estate to their heirs without the exorbitant and time consuming costs of probate proceedings. We suggest you consider not only an estate plan, but one creating a trust for your specific beneficiaries. There are many advantages to creating a…
Holographic wills in Wagoner County are enforceable as a means to transfer property. We all know that passing on is a fact of life. This is why many people create wills in order to make sure they have their affairs in order. This can make life much easier on your surviving relatives when it comes to dividing up your assets. However, not all people…
Wagoner Wills Attorney and The Estate Planning Process: A will is a vital estate planning tool that nearly everyone should have. If you don’t have a will your loved ones may not receive the assets that you wish to leave them. Planning in advance and creating a will can ensure everything that you worked so hard to achieve goes to the people you desire….