Frequently Asked Questions About Oklahoma Estate Planning
Kania Law Office: Assisting With All of Your Oklahoma Estate Planning Needs
It can be daunting to embark on the complex journey of preparing for your ultimate death or serious disability. At Kania Law Office, we believe any complete estate plan must be created with a complete understanding of the client. Knowledgeable clients are better able to assist us in creating their ideal estate plan. In furtherance of this, the following is a look at some frequently asked questions concerning estate planning:
What is Oklahoma Estate Planning?
Oklahoma Estate planning is the process of preparing for your death or possible mental incapacity. Estate planning generally focuses on protecting your assets, ensuring those you desire receive them, and defining your medical directives. Estate planning has far greater meaning, however, than just death or disability. Estate planning in Oklahoma involves the protection of your legacy. You work your whole life to provide and care for your family. All of these efforts could be for not if you fail to prepare for the eventuality of your death. Using a wide array of estate planning tools, you can protect your assets for future generations, sparing your loved ones the expense and delays of probate or the state law mandates for distribution.
Do I Really Need an Estate Plan?
Oftentimes, younger individuals will enter our office and ask if they really need an estate plan. The answer is unequivocally yes. Everyone needs some sort of estate plan, even if their assets are minimal. Everyone has wishes and concerns that should be set forth in a legal document so that they are honored after their death. Nearly everyone has preferences as to where their assets go upon their death.
If you die without an estate plan, your assets will by default be distributed in accordance with Oklahoma’s intestacy laws. This offers you no control or input into who receives what you worked so hard to achieve. Not having a will can also lengthen the probate process, leaving your family without needed funds for several months. Probate expenses may greatly diminish your inheritance.
Aside from the financial matters, a will is vital for any parent of minor children. In your will, you can nominate a guardian to care for your children in the event both you and your spouse die before your children attain the age of majority. If you and your spouse die without ever creating this directive, the court will be entirely vested with the authority to select a guardian to raise your children. This is one of the most important decisions you may ever make, and not one you want to leave to a third party.
Do I Need an Oklahoma Estate Planning Attorney?
It is always recommended that you retain the assistance of an experienced estate planning attorney. Estate planning is a complex area of law and even minor mistakes in the creation of a will or trust can invalidate the entire document. Do not risk your assets or legacy; seek the assistance of a licensed estate planning attorney today.
Kania Law Office: Tulsa Oklahoma Estate Planning Attorneys
Starting the process of creating an estate plan is nearly always difficult as few wish to discuss the topic of their death. Having a proper estate plan in place, however, can protect your legacy and your heirs. The Tulsa, Oklahoma Estate Planning Attorneys at Kania Law Office have assisted countless individuals across the state in developing a comprehensive estate plan that suits their needs. Our skilled attorneys will assess your desires and your asset portfolio to advise you as to the best estate planning options. Contact Kania Law Office today for a free consultation.
Oklahoma Estate Planning Attorneys
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