One of the biggest misconceptions is that unless you are wealthy, you don’t need estate planning. The reality is, not having an estate plan in place is a concern for most people, especially homeowners. Without proper estate planning, when someone passes away, the state of Oklahoma decides how the estate gets distributed. With no estate plan, any heirs or beneficiaries face long delays and a complicated probate process. Having an experienced estate planning attorney can help make sure your estate gets distributed according to your wishes. Wills and trusts let you control who gets what from your estate while saving your family from the probate process’s financial burden.
An estate planning attorney helps you plan for the future and your family’s needs. They also help you decide whether to execute a will, establish a trust, or perhaps both, and determine the necessity of a durable power of attorney and healthcare directives. These latter instruments appoint a person to manage your assets and finances and appoint someone for making medical decisions in the event you become disabled or incapacitated. The estate planning attorney helps you determine which plans best suit your needs.