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:
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Trust
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Memorandum of Trust
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Pourover Will
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Advanced Healthcare Directive
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HIPAA authorization
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Deed (for 1 property to be transferred into the trust)
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Durable Power of Attorney (Financial, Medical and Designation of Guardian)
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:
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Joint Trust
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Memorandums of Trust
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Pourover Wills
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2 Advanced Healthcare Directives
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2 HIPAA authorizations
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Deed (for 1 property to be transferred into the trust)
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2 Durable Powers of Attorney (Financial, Medical and Designation of Guardian)
SEPARATE REVOCABLE LIVING TRUSTS FOR MARRIED PEOPLE
Good for people who are remarried with blended families.
INCLUDES:
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2 Separate Trusts
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2 Memorandum of Trust
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2 Pourover Wills
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2 Advanced Healthcare Directives
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2 HIPAA authorizations
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Deed (for 1 property to be transferred into the trust)
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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.
with 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.
with Revocable Living Trust Package
MEDICAID TRUST
If you do not have a long-term care insurance policy and you end up needing long-term care, you would be called “self-pay,” meaning you would have to pay for all of your care until your assets have been drained to the point of qualifying for Medicaid. Currently in Oklahoma the asset limit to qualify for Medicaid is $2000- which means you’d have very little financial resources to pay for what Medicaid doesn’t cover. Setting up a Medicaid Trust allows you to set aside, save and protect money placed in the Medicaid Trust without forfeiting your eligibility for Medicaid. There are special rules as to when this trust can accomplish its goal. Medicaid Trusts are best suited to those who are not already in long term care but can potentially 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.
PRENUPTIAL AGREEMENT
If you are thinking about getting married, there are circumstances in which a prenuptial agreement is a good idea. By law, we can only represent one of the parties. We’ve been involved with court cases where prenuptial agreements were at issue. As a result, we know how to draft prenuptial agreements that provide better flexibility and better protection. Our prenuptial agreements incorporate a trust within the agreement.
SPECIAL NEEDS TRUST - FIRST PARTY
This would be a Special Needs Trust that is set up for the person that has special needs. If a person has a child who is incompetent, disabled, or otherwise receives benefits from the state and/or government to care for their needs, the adult may set up a Third-Party Special Needs Trust package and add this trust as well. The reasoning is if the incompetent person is high functioning and works or otherwise makes money, they can save that money in this trust as opposed to spending it down continuously below $2000. In addition, when the parent dies, the child may qualify for social security off the parent, and if that money is received, it very likely could disqualify the child from the benefits they are receiving. Having this trust established early and obtaining the necessary approvals by the state in which you live, means that if that money is received, it can be dropped into the trust immediately without risk to the child’s benefits.
SPECIAL NEEDS TRUST - THIRD PARTY
Typically, this type of special needs trust is a special needs provision put into a Revocable Living Trust. The flat-rate price includes ancillary documents that are usually included with a trust such as a will, financial power of attorney, medical power of attorney, designation of guardian, advance medical directive, memorandum of trust, and a deeding of one piece of real estate into the trust and one deed.
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:
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Last Will and Testament
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Pourover Will
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Advanced Healthcare Directive
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HIPAA authorization
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Transfer-on-Death Deed (1 property)
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Durable Power of Attorney (Financial, Medical and Designation of Guardian)
AFFIDAVIT OF SMALL SMALL ESTATE
If a person dies and has less than $20,000 in assets, an Affidavit of Small Estate can be used in lieu of a full probate action in order to distribute those assets to the rightful heirs.
ADDITIONAL ESTATE PLANNING SERVICES
We set up many types of Business Entities, Convert Business Entities, Revive Business Entities, and assist in the purchase and sale of businesses and/or their assets. We also create Irrevocable Trusts, Foundations, and a variety of other documents needed for special purposes. The following is a list of the most common:
BUY SELL AGREEMENTS
ASSET PURCHASE AGREEMENTS
STOCK PURCHASE AGREEMENTS
TRANSFER OF DEATH DEED
CREATION OF LLC
EACH ADDITIONAL DEED TO FUND A TRUST
TRADITIONAL WILL
LIVING WILL
POWER OF ATTORNEY (FINANCIAL OR MEDICAL)
PROBATE
INVOLVING ONLY PERSONAL PROPERTY
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To qualify for this price bracket the probate must:
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Be Uncontested
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Be In Tulsa County
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Involve Only Personal Property
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If it becomes contested the price moves to an hourly rate.
PROBATE
INVOLVING PERSONAL PROPERTY & REAL ESTATE
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To qualify for this price bracket the probate must:
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Be Uncontested
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Be In Tulsa County
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If the probate becomes contested the price moves to an hourly rate.
Uncontested probates that occur outside of Tulsa County are priced the same as those that fall within Tulsa county plus a travel fee (hourly plus expenses). If the probate becomes contested the price will be adjusted to an hourly rate.
LITIGATION
Price may be hourly, flat rate, or contingency depending upon the type of case. We do handle insurance disputes, and more of these are involving life insurance disputes, either with the company or a dispute with beneficiaries. In addition, we handle 401k disputes and pension disputes.
We do not handle the following:
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Criminal
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Divorces
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Paternity Actions
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Bankruptcies
APPEALS
Appeals vary in complexity and whether it is a state or federal court appeal. If your attorney or someone else has told you that you may need to appeal, and if you wish to appeal, you should do so immediately. Even waiting one day could prevent from appealing.
We do not handle the following:
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Criminal
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Divorces
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Paternity Actions
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Bankruptcies
ESTATE PLANNING DOCUMENT REVIEW
EXISTING CLIENTS
This includes a meeting with the client to determine if the document in question needs to be amended. Every attorney structures their legal documents differently. Documents that we’ve created are less time-consuming for us to review because specific information can be located quickly.
ESTATE PLANNING DOCUMENT REVIEW
NEW CLIENTS
This includes a meeting with the client to determine if the document in question needs to be amended. Every attorney structures their legal documents differently. Documents that we’ve created are less time-consuming for us to review because specific information can be located quickly.
CONTRACT CREATION
AND/OR REVIEW
Documents will be created, from start to finish, in less than five days.
EXPEDITED SERVICE DELIVERY
EXPEDITED DOCUMENT CREATION
Documents will be created, from start to finish, in less than three business days.