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Oklahoma City Legal Blog

Make plans for your funeral so your loved ones don't have to

Have you ever thought about what you wanted your funeral to be like? Some people say that they want a big party instead of a somber affair. Other people prefer to go the more traditional route. Some might even want to have a simple memorial service instead of a full-fledged funeral.

When you are thinking about your funeral, there is something very important that you have to do if you want to ensure that your wishes will be complied with -- you have to make out a funeral plan. You should also let your loved ones know what you want for the funeral.

Estate planning is vital throughout your entire adulthood

When it is time for you to create an estate plan, you need to make sure that the foundation of your plan is solid so that everything can stand firm when the time comes. One thing that you need to know is that every adult can benefit from an estate plan. Estate planning isn't something that only retirees need.

A young person who is just venturing out on his or her own can benefit from an estate plan that includes a living will and power of attorney designations. These will ensure that your wishes are followed when you aren't able to stand up for yourself.

3 ways to ensure fairness in your estate plan

As a parent, you undoubtedly want your children to have successful lives. In some cases, you may find yourself wanting to give them some assistance with this endeavor when it comes to finances. Most commonly, parents want to ensure that their kids continue to thrive after their parents' deaths, and as a result, many individuals utilize their estate plans to leave their children inheritances that can help with financial and sentimental aspects of their lives.

If you have multiple children, you likely want to leave each child his or her fair share of your estate. However, this task may not always prove easy as each child may have attachments to different assets and their lives may present different hardships and successes. Luckily, you can take certain steps to help make your plan as fair as you desire.

Know how trusts can impact your estate plan

Your estate plan can help your family members to close out your estate faster than what is possible without an estate plan. It is imperative that you have everything together so that your loved ones are able to abide by your wishes once you are gone. We know this might not be fun to think about, but it won't be as painful as you may think.

An estate plan can be very simple if you only have a few assets and a small family. The more assets and the more family members you add to the situation, the more complex things become. We can help you out with the easiest estate plan or the most complicated ones. Our goal is to make sure that your wishes are clearly conveyed and easily handled.

Know when to use a blind trust

When President Donald Trump took office, many people were up in arms about his business dealings. Presidents before him have taken steps to move away from handling the daily operations of the businesses they owned, but it seemed as though President Trump might have bucked that tradition. Ultimately, he opted to use a blind trust for some of his personal business holdings.

A blind trust is a tool that you can use if you are getting into politics and need a way to separate your personal business and your official status. A blind trust means that you don't have any control over how the assets of the business are handled. This makes you a hands-off person so that you can't use your official status or inside information to better your business holdings.

Estate planning doesn't have to be a hard process

We recently discussed a few questions that you should ask your aging parents. These questions are important because they give you insight into what you will need to do when you are faced with your parent passing away.

If your parent is still in good health, now is a good time to ask if there is an estate plan present. If the answer is no, you should encourage your parents to create one so that everything is in order and you know their wishes.

Ask your parents for this serious information now

Thinking about losing your parents isn't an easy thing to think about. When you know the time is coming, there are specific questions that you need to ask your aging parent. Knowing the answers to these questions might help you to make decisions later.

As you are discussing these things with your parent, remember that your parent is still an adult. No matter what his or her mental state, they must still be respected as an adult.

How to discuss a parent's estate plan

Every relationship between parents and their adult children is different, but one thing may always remain awkward no matter how close (or distant) they may be. Broaching the topic of estate planning can just as troubling for adult children as talking about sex was for their parents. Despite how uncomfortable it can be for both parties, there is a method to the madness, and we will give some helpful tips through this post.

Don’t wait for a crisis – Health crises and financial issues should not be the impetus for discussing a parent’s estate plan. It can make you look like a greedy child who is trying to steal your parent’s wealth, and it makes any legitimate concern that you have seem disingenuous.

We can help you with any probate matter

When a loved one dies, you might have to deal with the estate. This is sometimes a complex undertaking. Having help when you need it most is crucial, especially since you are likely still learning to live without your loved one.

We can help you to learn about how you need to handle various aspects of the probate process. You shouldn't try to just fly by the seat of your pants because trying to do that can result in you making decisions that weren't appropriate.

When does it become necessary to seek a guardianship?

For most adults, it is difficult to watch your parents age and become unable to care for themselves. Sadly, due to age or illness, it happens.

If your parent is no longer able to provide self care or make important decisions (on medical treatment or regarding finances) you may be need to seek a guardianship. This process gives you the legal power to take care of the things that he or she is no longer capable of managing.

Don't Wait Any Longer

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