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Estate planning could be a gift that keeps giving in Oklahoma

When people think of gestures of love and ways to let spouses or children know that they are cared for, creating an estate plan may not cross their minds as this type of action. However, estate planning could be viewed as a gift as it can address many factors of a person's life and estate that could work toward avoiding difficulties for surviving loved ones. Because it is unlikely that Oklahoma residents want to leave their family with a mess of an estate to sort through, a solid plan could be a loving gift.

Individuals could easily ignore their estates and leave someone else to handle the necessary probate-related tasks after their deaths. However, this lack of action could place a considerable burden on loved ones. Parties may wish to instead assess their estates by considering their assets, their children or stepchildren, specific needs of children or other loved ones, and who can handle responsibilities.

After taking the time for this assessment, planners may have a better chance of figuring out how to get their affairs in order. By knowing who is capable of handling difficult tasks, they may have a better idea of who their executor candidates should be. They may also have a plan of action for distributing assets once they understand what should be distributed and who could and should benefit most from their inheritances.

Though estate planning may seem like a complicated endeavor, it can go smoothly when individuals understand their estates and their planning options. Additionally, the plan can continue to help affairs go more smoothly by providing instructions for the probate process. If Oklahoma residents feel ready to give their loved ones the gift of estate plans, they may wish to consult with knowledgeable attorneys for more information.

Source:, "Estate Planning | Love Deserves More than Candy and Flowers", James Miskell, Feb. 10, 2018

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