As a resident of Oklahoma, you may want to pass on a portion or the entirety of your assets to charity after your passing. But is it possible to do that? Fortunately for you, this is why charitable trusts exist. According to How Stuff Works, charitable trusts can hold assets that are signed over ...
Oklahoma business owners like you have more than the average resident to worry about when it comes to drafting trusts, wills, or other end-of-life plans. This is because you have your business to worry about, too. How can you ensure that it passes down in the way that you want it to? FindLaw exam...
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 daunting but it can also feel ver...
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 and their family members. A t...
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 very good idea to review you...
Many people in Oklahoma find themselves contemplating a new marriage after having been married at least once before. This can and should be a very happy experience and a reason for celebration. However, it is also a time for people to be practical and address some important matters. Among these m...
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. Historically speaking, federal...
“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 you do not want to keep, there ...
As an Oklahoma parent of a child with special needs, you may have to provide care for that child long after you might, had he or she not had a disability, and your estate planning needs, too, involve special considerations. Chances are, you need to make accommodations to ensure that your child wi...
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 answering one of the most comm...
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 is especially important and ...
Like any pet owner in Oklahoma, you consider your pets a part of the family. However, as you may know, the courts do not have the same opinion. Animals are legally considered property. As such, you cannot simply leave money or property to your pets in your will, but you can take several actions t...
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 have already created an estat...
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 Oklahoma will. Our legal team at th...
When a marriage is brought to an end, life can be tumultuous in many ways. Custody, property division and other family law matters can be incredibly challenging, but there are other responsibilities and stressors that may arise. For example, someone who has a trust may need to make changes to the...
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 through probate to have a legal ...
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 couples may want to consider i...
You probably already know by now that wills and trusts have different roles to play, and while every situation is different, you may find it helpful to incorporate each into your estate plan in Oklahoma. Even if you believe that a trust may be potentially beneficial in your particular circumstanc...
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 long as you are still alive, you...
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 executor of the estate should be pro...
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 possible to do so. As with most lega...
A common misconception that many in Edmond may have regarding estate administration is that it is a singular event. While that may be true in certain cases, many times estate administration can be a process that plays out over several years (even decades). This is especially true in the case of t...
As you prepare your estate, you will have to choose an executor. Understanding what the executor does will help ensure that you pick the right person for the job. According to Forbes, the main duty is for the executor to carry out your wishes. However, the job entails much more than that. The exe...
If you are the parent of an Oklahoma special needs child, you undoubtedly do everything in your power to see to it that your child receives the care and services (s)he needs. But you also likewise worry about who will care for your child if (s)he outlives you and if the money will be there to pro...
Oklahoma residents who are going to become a grantor for a beneficiary will have a number of things to consider. The type of trust they want is one of the first things that should undergo consideration. Taking a look at revocable trusts first, the American Bar Association defines them as a type o...