Derryberry & Naifeh, LLP
Our Practice

Posts tagged "Estate planning"

Adult children may need to talk to parents about estate planning

As many Oklahoma children grew into adults, they may have taken on many responsibilities. However, they may not have realized that it may be their responsibility to get their parents to begin estate planning. They may have thought that their parents would begin planning on their own, but if they do not, kids may have to take charge.

Estate planning misconceptions shouldn't delay planning

Misconceptions can often keep Oklahoma residents from taking certain actions. In particular, many people may believe that they should put off estate planning because they do not need it or are not ready to get their affairs in order. However, anyone of adult age could benefit from having an estate plan, and clearing up other misconceptions may help.

Listing assets and debts may help when beginning estate planning

Everyone's life has many aspects to it. Because of the numerous factors and details that make up a person's life, it can seem difficult to get affairs in order for end-of-life wishes. If Oklahoma residents are thinking about starting the estate planning process, they may want to consider taking certain steps to help get the process going.

Estate planning can be useful for addressing future health care

It can be difficult to know what anyone's future could hold. As a result, some Oklahoma residents may simply avoid thinking about it. However, not planning ahead for common or probable situations -- especially those relating to health care -- could leave parties and their families in difficult predicaments. Fortunately, individuals could use estate planning to address possible health-related events.

Estate planning reviews could help prevent errors

When individuals choose to move forward with planning their end-of-life affairs, they give themselves the opportunity to have aspects of their lives in order well before the time is needed. This preparation can prove beneficial in many ways, and estate planning can give Oklahoma residents the ability to address numerous aspects of their lives. Of course, these plans need to be as free from error as possible.

Estate planning can help address end-of-life wishes

When Oklahoma residents think about dying, it may bring about mixed emotions. Some parties may hold a mentality of "when it's time, it's time," and others may want to explore their options for extending their lives as long as possible. Whatever the desire may be, individuals may want to utilize estate planning to address their end-of-life wishes.

When estate planning, consider implications of inheritances

Creating an estate plan can be complex. There are many aspects and factors to consider beyond simply deciding who should receive certain property. Oklahoma residents also need to consider how their estate planning decisions could impact their surviving loved ones, especially those who may need government benefits in the future.

Estate planning in Oklahoma: Turning down an inheritance

Those who go through the procedure of fashioning comprehensive estate plans should know that leaving an inheritance to someone doesn't automatically mean the person will accept it. Although it may be graciously appreciated, there are times when estate planning wishes don't exactly pan out the way the writer believed they would. In some cases, there may be valid reasons in Oklahoma why someone may choose not to take a specific inheritance. 

Long-term care planning can be vital part of estate planning

Because a detrimental health-related event could happen to anyone at any time, it is important to have a plan in place. Some Oklahoma residents may think that they will not face any serious issue for some time, but an injury-causing accident or severe illness could lead to complications or even incapacitation. Due to these possibilities, it may prove useful to consider estate planning options relating to long-term care.

Estate planning: Trusts could help protect assets

Though Oklahoma residents may spend their lives working for success and accumulating assets, they likely understand that they cannot take their wealth with them when they die. As a result, individuals typically choose to leave funds and other assets to their loved ones or charities. Of course, when it comes to estate planning and bequeathing assets to family and friends, simply leaving them large sums of money could prove problematic.

contact our firm

4800 North Lincoln Boulevard
Oklahoma City, OK 73105

Toll Free: 866-661-0893
Phone: 405-708-6784
Fax: 405-528-6462
Oklahoma City Law Office Map