Probate is the legal procedure for handling a deceased person's estate. This process can be time-consuming and costly. It can also expose sensitive details about your family to the public. Fortunately, there are several strategies you can use to sidestep probate and ensure the smooth transfer of ...
Estate planning requires an awareness of one's finances and careful consideration of personal relationships. The testator putting together the plan generally needs to address the financial and legal vulnerabilities of their dependent family members while also thinking about the legacy that they l...
Self-storage facilities have become a lucrative investment opportunity for many savvy investors. The demand for storage units continues to rise, driven by factors such as urbanization, downsizing trends and the popularity of online retail. Investing in self-storage offers several compelling reaso...
Several values can guide Oklahoma estate planning. A common one is maintaining family harmony. Navigating this process without disrupting familial relationships requires a strategic approach. Clear communication of intentions Maintaining family harmony begins with the transparent communication of...
Estate planning helps any individual prepare for and protect their and their loved ones' future. Nevertheless, establishing an estate plan is particularly vital for new parents. An estate plan can provide parents security and peace of mind by ensuring that they continue to protect their children ...
Life is unpredictable, and people of any age can face unforeseen circumstances. Crafting a will is essential for everyone, regardless of age. Even younger individuals benefit from taking this proactive step, providing clarity for loved ones and minimizing potential legal complexities in the event...
Businesses and self-employed professionals often require contracts to successfully do business. Contracts clarify the obligations that parties have to one another. They also help make business arrangements enforceable if either party defaults in some way. The more complex an agreement is, the mor...
As parents age, it becomes increasingly important to have open and honest conversations about their future plans. One aspect of this dialogue is estate planning. While it may seem like a daunting topic, addressing it early can help both you and your elderly parents. Here are some tips on how to b...
Estate planning is a necessary aspect of managing a business. With the right plans in place, it is easy to ensure a smooth transition of assets and responsibilities in the future. However, many business owners may overlook the importance of regularly updating their estate plans. Understanding the...
Those who have yet to start the estate planning process may begin by creating a will. This document allows you to name beneficiaries for your assets, as well as identify a legal guardian for any minor children you have. When it comes to creating a will, there are several myths that can mislead in...
Investing in commercial property can be a lucrative venture, offering opportunities for income generation and capital appreciation. However, potential investors must tread carefully through the financial landscape to avoid stumbling into common pitfalls. 1. Financing challenges A primary stumblin...
Estate planning is not a one-time arrangement. It is a process that continues as long as you are alive. Accordingly, you have to regularly review your estate planning tools, such as your will, and update them to reflect your present goals and situation. This provides you control over you and your...
Although anyone who is a legal adult could likely benefit from estate planning, many people wait until achieving certain life goals to actually draft documents. Becoming a parent is often the precipitating life event that motivates someone to sit down and draft a will. After all, parents are resp...
The startup scene is vibrant and filled with ambitious individuals striving for growth and improvement. As an entrepreneur, you always seek to outsmart other entrepreneurs, streamline your path to success and make a profitable, meaningful impact. But what if the secret to success isn't solely wit...
Estate planning is a comprehensive financial and legal strategy that ensures the orderly distribution of your assets and the management of their affairs upon their incapacity or passing. At its core, an estate plan reflects your intentions, preferences and values to safeguard your assets. Having ...
Estate planning is a component of financial responsibility and security. For millennials, it might seem like a task for the distant future. In reality, it is a prudent move to consider at any stage of life. 1. Protecting your loved ones Creating a clear and legally binding estate plan ensures tha...
Timing is a pivotal factor that can make or break a smooth transition of your business. Finding the right moment to hand over the reins requires a delicate balance between personal considerations and the state of your business. Your personal preparedness matters One of the primary personal factor...
Having a clear exit strategy is equally important as starting a business. It provides a roadmap for your business journey so you will know what to do in case of unexpected turns or seize opportunities when they come. Here is why planning for the end is crucial: Maximizing value: Whether y...
Trusts can help people to navigate an assortment of different family and financial circumstances. Some people create a trust to add to an estate plan because they want to protect their resources from collection activity as they age. Others worry about whether their high-value estate will trigger ...
Having a valid will addresses many issues concerning an individual's estate. Aside from naming an executor, it can also help determine beneficiaries and provide details for dividing the estate. However, a will might only cover specific property types. Some assets could follow survivorship rights,...
During the initial stages of probate, you might realize that you do not like how your probate attorney is managing things. Perhaps there's been little to no progress or an immense lack of communication. If you are the executor of an estate, it can be frustrating to work with an attorney you do no...
Finding the proper tools for your estate plan takes much consideration. But once you complete putting it together, your estate plan can give you peace of mind knowing that you are able to protect your loved ones even if you are no longer with them. One of the tools estate planners consider is ass...
Listing a property for sale by owner is one way of increasing what the owner receives from a sales transaction. Real estate agents often lay claim to 6% of the sale price, sometimes more, as a means of covering their commission. However, they do offer valuable services in return for the fee that ...
An estate plan allows you to manage and organize your assets throughout your life and prepare for what happens to your assets when you can no longer govern them. Therefore, it is crucial to regularly update your estate plan when there are substantial changes in your life. Buying a house, especial...
For many animal lovers, owning a horse is a dream that's out of reach. For example, they lack the space and financial resources to provide the care and exercise large animals require. Since Oklahoma is the horse show capital of the world, however, more than a few residents are lucky enough to own...