When an Oklahoma family has amassed a high level of wealth, passing that wealth along to future generations is often a primary focus within estate planning. In many cases, charitable giving is also an important consideration, and many families will turn to charitable trusts to accomplish that goal. Fortunately, it is possible to structure a trust that will fund charitable efforts while also providing a benefit to one's chosen heirs.
Completing the estate planning process is often a source of great relief, and most Oklahoma residents will rest easier knowing that their family will be taken care of when the time comes. However, there is a component of successful estate planning that many people overlook, but which is vitally important. Proper storage of wills, trusts and other estate planning documents is essential to a positive outcome.
With same-sex marriage under nearly constant attack within the state of Oklahoma, many couples are concerned about how to create an estate planning package that protects their interests. This is a serious matter, as individuals who die without any form of estate plan will become subject to the probate process, in which a court will decide the ultimate distribution of assets. That outcome is difficult to predict, especially in a political environment in which same-sex marriage is not without challenge.
When it comes to planning for the distribution of one's assets, it can be difficult to know where to begin. There are numerous choices available, and many Oklahoma families need guidance when beginning the estate planning process. For those who are in stable, happy marriages, one of the best places to begin is with a spouse-centered approach.