A donor-advised fund, also known as a DAF, is a great way to donate to various charitable organizations without going through mountains of paperwork, all the while minimizing your taxes through deductions. It also offers tremendous flexibility for post-death giving, specifically if the DAF is funded while you’re still alive.
Some siblings will find any reason to fight, and a parent’s estate is no exception. At Ball & Morse, PLLC, we know how effective estate planning can prevent rivalries among heirs from starting. When you take the appropriate measures, you can minimize conflict and ensure that your survivors know what to expect at your passing.
While no one wants to think about it, a fatal accident can occur at any time. To make sure that loved ones are protected, it is important to have an estate plan in place. Yet, many times, people in Oklahoma put this off because of the costs involved. Understanding the expenses associated with estate planning and taking proactive steps can help people overcome this hurdle.
In today’s world, it is not always easy to get everyone in the family under one roof. With the holidays approaching, however, many families in Oklahoma will gather in the same place to celebrate. Experts are suggesting that this is a good time to talk about estate planning, ensuring that the people who will be most affected by certain decisions will be present.
When considering your estate planning, you may want to know how some of your assets will be handled when it comes to probate. Probate is the process through which a will is legitimized. According to Oklahoma law, the probate procedure can include valuing estates, selling property, paying debts and distributing assets.
When you are putting together your estate plan in Oklahoma, you have to take into consideration a number of items. Your property, accounts and belongings will probably dominate a lot of the conversations you have with family members.
When creating or updating your estate plan, the many terms and phrases surrounding estate administration and planning may be difficult to understand. There are some definitions, such as wills, that you see often and may know a bit about. However, it can be easy to misinterpret some estate planning terms or mistakenly use them interchangeably.
Most people who write wills do so with the intent of avoiding any confusion regarding their estate after they die. Unfortunately, some Oklahoma City residents fail to complete their estate plan before their death. If this is the case, the probate court will likely step in to distribute assets to the surviving heirs. Many people will consider
Countless families across the United States care for disabled minor children and adult children. When making an estate plan, Oklahoma City residents who have a disabled child should take into consideration what will happen after they are gone. Who will make sure the child's needs are met?