Adults in Edmond are advised to start the estate planning process early on in their lives. A central piece of any estate plan is one’s will. In it, a person stipulates how (and to whom) they want their assets dispersed. Yet what happens if one dies without a...
wills
When do you need to update your will?
Estate planning in Oklahoma is usually not a one-and-done deal. It is possible, perhaps even likely, that your life circumstances will change in one way or another between now and the time that you eventually pass on, perhaps more than once. When that happens, it is a...
Can you change a living will?
Oklahoma residents may first venture into wills, will-writing, and will-related laws without knowing much about it all. Lidia Law Firm, P.C., is here to help guide you through the somewhat complex aspects of wills. First, we will start by explaining living wills and...
Estate planning as a small business owner
People create estate plans for many reasons, but many do so to protect their assets and make sure that their estate is managed in accordance with their wishes after they pass away. For some people, such as those who own a small business, having an estate plan in place...
Consider these factors before choosing your child’s guardian
As a new parent, the last thing you want to think about is dying and leaving your child to be raised by someone else. However, if you want to choose who that stand-in would be, you need to think about it and designate him or her as your child's guardian in your...
The basics of a joint will
As Oklahoma couples move through their lives, they may realize they need a will. There are many reasons people should write a will and as they begin to explore the process, people may quickly feel overwhelmed when they see how many options they have. One option some...
If you have a trust, do you still need a will?
When you set up a revocable trust in Oklahoma, you arrange for a trustee to hold some assets aside for distribution to one or more parties after your death according to the terms you stipulate. A revocable trust is also sometimes called a "living trust" because as...
Are there limits on what you can put in a will?
Making a will in Oklahoma is a smart way to express your wishes to your surviving relatives as to how you would like them to handle your estate after your death. However, just because you want your property handled in a particular way does not make it legal or...
It could be time to review your will
Happy occasions should be celebrated. Getting married, landing a new job or having a child are all milestones for which congratulations are in order. At Lidia Law Firm, P.C., we are proud to be part of these happy moments in our clients' lives. These are also times...
How to create a simple will
When Oklahoma residents begin to create their estate plan, one of the first things they might decide to do is write a will. There are many different kinds of wills. However, many people may find that a simple will is all they need. Simple wills can be a good option...