Oklahoma Estate Planning: Questions & Answers

A decent portion of this Blog is dedicated to Oklahoma Estate Planning:  wills, trusts, powers of attorney etc. . .

With that in mind, a summary post of estate planning topics seemed in order:

What is an Oklahoma Estate?
Since this Blog contains so many posts about Oklahoma “estate planning”, it makes sense to define what an “estate” is.  According to Investopedia, an estate is “everything comprising the net worth of an individual, including all land and real estate, possessions, financial securities, cash, and other assets that the individual owns or has a controlling interest in.”  You can read more about what an estate is in this Blog Post.

What are the tools used in Oklahoma estate planning?
Oklahoma Estate Planning tools: The Living Trust
Oklahoma Estate Planning tools: the Last Will and Testament
Oklahoma Estate Planning tools: The Durable Power of Attorney
Oklahoma Estate Planning tools: The Living Will

What are the critical decisions you make in an Oklahoma Will?
1. Determine who gets your property and in what proportions.
2. Choose the person who will take care of your estate and make sure everything is handled like the Will or Trust states.
3. Nominate people to be the guardians of your minor children.
4. Give specific items of personal property to very the person or people to whom you want them to go.

What are the 7 Myths of Oklahoma Estate Planning?
Oklahoma Estate Planning Myths: A will covers disposition of all your assets
Oklahoma Estate Planning Myths: Having a Will avoids Oklahoma probate
Oklahoma Estate Planning Myth: If I have a Trust, I do not need a Will.
Oklahoma Estate Planning Myths: If I die without a will, all my assets go to the government.
Oklahoma Estate Planning Myths: I can do my own estate plan
Oklahoma Estate Planning Myths: Estate Planning is only for the wealthy
Oklahoma Estate Planning Myths: I am too young for an estate plan

Posted by Shawn Roberts

On this blog, I write about and try to answer practical Oklahoma legal questions. My focus and most experience is in estate planning and business issues including Oklahoma non-compete law. I make a living as an attorney in the law firm I founded, Shawn J. Roberts, P.C. in Oklahoma City. I live in Edmond with my wife Amy and my two children, Sam (19) and David (11). We live precisely in the path of where the "wind comes sweeping down the plains."