A person’s estate is the accumulation of assets over a lifetime. It is important that your life’s work is distributed the way you want it to the important people in your life. Planning your estate can help maximize the amount of your personal wealth and assets that are passed down to your loved ones, while minimizing taxes and other financial burdens to your family after your death, according to our Oklahoma Estate Law Center.
An estate financial plan is essential for your family’s financial security and safety, especially if debt is involved. With complicated Oklahoma estate laws, having an experienced, knowledgeable lawyer will ensure your financial security and protect the legacy you have left for loved ones.
Trusts and executorships only strengthen your estate plan to ensure a smooth transition of assets to your loved ones. Trusts can have financial and emotional benefits and can your heirs avoid unnecessary taxes while bypassing the probate process and simplifying the administration of your estate.
The executor is an individual person you choose to manage and settle your estate after passing. Choosing your executor is an important decision that should not be taken lightly. You must have the highest levels of trust and faith that this person will follow directions with your assets. An executor can be a good friend, relative or trusted attorney.
Our Oklahoma City Estate Planning Lawyers have years of experience handling estate planning throughout the state of Oklahoma. If you have any questions regarding estate planning please contact Atkins and Markoff today.