5 critical questions to answer when doing Oklahoma estate planning

Have you ever wondered what the key questions are when thinking about estate planning for your family?

Generally, you decide what you want to with the things you have and how you want take care of your family after you pass on.  A few years ago I laid out some of the key questions to consider when doing estate planning in this post.

As you think about what you want to do with the things you own when you pass away and to best protect your family, here are several more important points to consider:

• Who will you designate to act as your personal representative (the person or corporation who will see to the administration of your estate)?

• If the creation of a trust appears possible, what person, persons, or corporation would you wish to act as trustee?

• Are there any specific items of real or personal property you would wish to go to particular persons?

• Who would you wish to take the responsibility for the care of your minor children, if any?

• At what age or ages would you feel your children should receive substantial assets (not simply support for their health, education and welfare)?

After you think about these questions a bit, it might be worth checking out this post about Oklahoma Estate Planning Tools and this post about simple Oklahoma Estate Planning with a trust.