Estate Planning

ESTATE PLANNING FOR INDIVIDUALS & FAMILIES

Estate planning is the process of creating the documents and taking any other actions necessary to ensure your assets are distributed how you wish when you pass away.

Unfortunately, many believe that estate planning is only for people wealthier than themselves. This is a common misconception. While it may not be a pleasant thought, disability and death are possibilities for all of us. While you might not own an extravagant estate on a private island, you likely still own things such as a car, house, or bank account that would need to be addressed in the event of your disability or death. But despite its somewhat confusing title, estate planning is something that needs to be done for almost everyone.

Estate planning is especially important if you:

✔ Own Real Estate

✔ Have children

✔ Own a business

✔ Would like to leave your money to beneficiaries who are young, might have serious drug addictions, special needs, or just generally have problems with money.

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Our Services

  • Joint Revocable Living Trust

    The Joint Revocable Living Trust package is typically used by married couples. However the 2 people do not have to be married. We've also done these joint trusts for siblings.

    INCLUDES: Joint Trust Memorandums of Trust Pourover Wills 2 Advanced Healthcare Directives 2 HIPAA authorizations Deed (for 1 property to be transferred into the trust) 2 Durable Powers of Attorney (Financial, Medical and Designation of Guardian)

  • Single Revocable Living Trust

    The Single Revocable Living Trust package can be used by anyone whether they are single or married. It is probably the most common method for avoiding probate and retaining full ownership of all your assets until you die.

    INCLUDES: Trust Memorandum of Trust Pourover Will Advanced Healthcare Directive HIPAA authorization Deed (for 1 property to be transferred into the trust) Durable Power of Attorney (Financial, Medical and Designation of Guardian)

  • Separate Revocable Living Trust

    Good for people who are remarried with blended families.

    INCLUDES: 2 Separate Trusts 2 Memorandum of Trust 2 Pourover Wills 2 Advanced Healthcare Directives 2 HIPAA authorizations Deed (for 1 property to be transferred into the trust) 2 Durable Powers of Attorney (Financial, Medical and Designation of Guardian)

  • Inheritance Trust

    This trust is set up to hold money, property, investments, and other things you have inherited from your parents or others. This trust can be established before you have inherited something, or after. (Included in Revocable Living Trust Package)

  • Irrevocable Trust

    Typically used to allow people to gift money now to grandkids or others without the gift making being received by the person now. (Included in Revocable Living Trust Package)

  • Medicaid Trust

    Without long-term care insurance, you are a "self-pay" patient, requiring you to deplete your assets to the Medicaid eligibility limit (currently $2,000 in Oklahoma). A Medicaid Trust can help you protect and save money without forfeiting Medicaid eligibility, though special rules apply. While best suited for those not yet needing care, the trust can sometimes be created for those who already are. Contact our office to speak with an attorney and find out if a Medicaid Trust is right for you.

  • Special Needs Trust - First Party

    A Third-Party Special Needs Trust (SNT) is designed for a disabled or incompetent person who receives government benefits. This trust allows a high-functioning beneficiary to save earned income without losing eligibility by having to continuously spend down assets below the $2,000 limit. Most importantly, establishing the SNT early and obtaining state approvals ensures that funds received by the beneficiary (like Social Security death benefits) can be immediately placed into the trust, protecting their existing benefits from disqualification.

  • Non-Trust Estate Planning Package

    When a trust is determined to be unnecessary, the following documents are used to avoid probate and clearly establish the distribution of assets.

    INCLUDES: Last Will and Testament Pourover Will Advanced Healthcare Directive HIPAA authorization Transfer-on-Death Deed (1 property) Durable Power of Attorney (Financial, Medical and Designation of Guardian)