How the Corporate Transparency Act May Impact Your Oklahoma Estate Plan
Starting on January 1, 2024, under a new law called the Corporate Transparency Act (CTA), owners of certain business entities must file a report with the federal government including details regarding the ownership of their entity. The CTA was enacted to help combat money laundering, financing of terrorism, tax fraud, and other illegal acts. If […]
Securing Your Legacy While Giving Back
Estate planning isn’t just about protecting assets—it’s about creating a meaningful legacy. Charitable Lead Trusts (CLTs) and Charitable Remainder Trusts (CRTs) offer a unique opportunity to balance your philanthropic goals with tax-efficient wealth transfer to your heirs. Here’s how these strategic tools work: Charitable Lead Trusts (CLTs) A CLT allows you to set aside assets […]
Won’t My Spouse and Kids Inherit Everything When I Die?
You may think that if you die while you are married, everything you own will automatically go to your spouse and children. But you are actually thinking of state rules that apply if someone dies without leaving a will. In legal jargon, this is referred to as dying intestate. In that case, the specifics will […]
Can Someone Else Pay for My Oklahoma Estate Plan?
Estate planning is not just for the wealthy. Every adult should have an estate plan, yet surprisingly, most Americans do not. The perceived cost of creating one is among the most cited reasons for a lack of estate planning. The consequences of not having an estate plan in Oklahoma can become more costly in the […]
5 Ways You Can Leave Your Family a Great Legacy
Although the word “inheritance” usually conjures up images of property or accounts with significant monetary value, you can leave your family an even longer-lasting inheritance by doing these five things, whether or not your bank account is overflowing. 1. Make a Plan Often, people who do not have a lot of money think that […]
Now Serving Families & Businesses in Kansas
We’re excited to announce that we now offer estate planning services in Kansas! Joining our team is Chloe Lubbers, an attorney who helps Kansas families and businesses secure their futures and plan for success. With her deep understanding of Kansas laws and her compassionate approach, Chloe guides individuals and organizations through the complexities of estate […]
What if I cannot find a beneficiary?
When someone has named you as the executor (also known as a personal representative) of their will, or the trustee of their Oklahoma trust, you are obligated to distribute that person’s money and property according to the document’s terms to the designated beneficiaries. For convenience, let’s group together the roles of executor and trustee under […]
Consider These 2 Life Insurance Examples
A common misconception people have about life insurance is that they only need to designate their spouse, child, or loved one as the beneficiary of the policy to ensure that the life insurance benefits will be available to the beneficiary when they die. Life insurance is an important financial and estate planning tool, but without […]
How to Avoid Estate Planning Scams
Imagine spending thousands of dollars on an estate plan to protect loved ones, only to find that no true protection exists. Unfortunately, this scenario happens on a regular basis to individuals who are victims of estate planning schemes. According to a report conducted by the U.S. Consumer Financial Protection Bureau of people ages 50 and […]
The Power of Charitable Giving in Estate Planning
Estate planning is not just about protecting and distributing assets; it’s also an opportunity to leave a lasting impact on the causes and organizations that matter most to you. By incorporating charitable giving into your estate plan, you can make a lasting impact on organizations that promote education, healthcare, arts and culture, social services, and […]