If you have heard of a revocable living trust before, now is a good time to go back over what it is and how it could help your family avoid probate if you pass away. A revocable living trust allows you to make changes to the trust during your lifetime. It offers you a...
estate administration & probate
Building your estate plan? Add a health care power of attorney
In your estate plan, you have many legal documents that will help protect you and the people you love in the future. Good estate planning minimizes taxes, passes on assets to heirs and even helps you qualify for Medicaid as a part of your long-term care planning....
Director’s will provides warning for others
Many Oklahoma residents are fans of director John Singleton's innovative filmmaking. Estate planning experts warn, however, that they should not emulate his choices when it comes to making a plan for the future. Many people put off writing a will or creating a trust...
I’m only 30? Why do I need an estate plan?
If you are one of the many Oklahoma residents who is in your 20s or 30s, you might be very focused on establishing yourself as an independent adult. Moving out of your parents' home for good and being financially responsible for every aspect of your life can feel...
Important estate planning tools
Many people in Oklahoma might think that an estate plan is all about a will or a trust. While these documents can be important elements in an estate plan, they are far from the only tools that a person should have in place to properly protect themselves, their assets...
How can you minimize estate taxes?
Oklahoma residents like you who are dealing with matters of the estate will have quite a few hurdles to handle in the process. Lidia Law Firm, P.C., is here to help with these potential issues, including matters of estate taxes, which can be high and hard to handle....
How do estate sales work, and why are they beneficial?
“One man’s trash is another man’s treasure,” as they say. While you might not consider your parents’ possessions trash, you also might not have room for them or they do not suit your own taste. If you inherited heirlooms and other possessions from your parents that...
Divorce and estate planning: What you should know
Going through a divorce can be extremely overwhelming. Not only are there are host of emotions involved, but there are many issues that must be negotiated when dealing with the divorce decree. One matter that must be considered is that of the estate plan. Whether you...
What are some potential hurdles in probate?
Oklahoma residents who undertake the probate process are unfortunately going to be dealing with a lot of potentially unfamiliar legal hurdles. Lidia Law Firm, P.C., is here to help you through as you decide what you need to do. It's highly advised for anyone going...
Why executors should deal with estate debt early
It is common for people to die with some debts still outstanding. However, just because someone in Oklahoma dies, it does not mean that the debts that person incurred in life die as well. Since those debts can come back to haunt the estate of the deceased, the...