Going through a divorce is one of the most significant events within an Oklahoma resident's life. The timeframe both during and immediately after a divorce can be hectic, and is often filled with myriad tasks that both parties must attend to. Making alterations to one's estate planning package should rank high on any post-divorce to-do list. Failing to take care of this matter can have disastrous results, both to the individuals involved and their extended families.
We have all heard the joke that only two things in life are certain: death and taxes. Unfortunately, this is not too far from the truth in many respects; and, even after an Oklahoma resident dies, there will be a number of tax issues to take care of during the estate administration process. In this article, we will discuss the filing and preparation of your deceased loved one's IRS 1040 form.
Oklahoma parents who are caring for a special needs child are very special people themselves. Just like their children may need special attention beyond childhood and into adulthood, though, these parents' estate plans will likely require special attention as well. Special needs trusts are one way that parents can prepare for the future needs of their children with disabilities long after the parents have passed away.
If you do not believe you need a health care power of attorney, you might want to reconsider your opinion. Indeed, no matter how old an Oklahoma resident is, he or she could suddenly become incapacitated without a moment's notice. A serious heart attack, stroke, motor vehicle accident or some other kind of health event could render an otherwise healthy person completely incapable of making decisions for himself or herself. In such instances, a health care power of attorney is vital.