Tulsa Estate Planning Attorney
Oklahoma wills, trusts and other instruments: At Givens law firm we can set up your estate plan with trusts while specializing in probate, estate planning, and trust law in Oklahoma. A will or trust, or even a deed, can assure you that those you want to inherit and use your property and funds will be certain to have protection in your estate planning. If you do nothing, the state of Oklahoma provides various relatives will receive your estate (depending on your family members), so you should take the relatively simple steps of making a plan to carry out your wishes, long before you “need” such precautions. A living will can clarify and assure your wishes as to treatment in the even of serious illness. Or a guardianship may be needed to establish proper care and use of private funds for a parent or other relative who is presently unable to care for these matters themselves. For more information about Tulsa Estate Planning.
What does an Estate Planning attorney do?
Estate planning involves the will, trusts, beneficiary designations, powers of appointment, property ownership (joint tenancy with rights of survivorship, tenancy in common, tenancy by the entirety), gift, and powers of attorney, specifically the durable financial power of attorney and the durable medical power of attorney.
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Who pays Estate Taxes in Oklahoma?
Estates are required to file a federal estate tax return if the value of the "gross" estate is above a certain dollar amount (for 2008, the amount is $2 million). The gross estate includes the value of all property in which the decedent had an interest at the time of his or her death -
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Do I need a Probate attorney in Oklahoma?
Probate is a court that is designed to enable the proper transfer of the decedent’s estate to the rightful beneficiaries. This process is also used to collect any taxes due on the transfer of the property. Outstanding debts can also be settled through probate, and usually a date is set by which time creditors must file any claims that they have.
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Note:
The answers set forth here are general in nature to give you an idea of the scope of certain problems. It is not intended to provide specific answers to your situation.
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Tulsa Estate Planning Services
Living Wills
Many people believe that living wills only direct health care providers to withhold treatment...
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Tax Planning
Any estate whose gross, assets exceed the available exemption amount must file an estate tax return...
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Power of Attorney
A power of attorney is used for situations where an individual cannot be present...
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