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Estate Planning Attorney in Oklahoma

Oklahoma City Estate Planning Attorneys: Edmond, Moore & Norman

One of the biggest misconceptions is that you don’t need an estate plan, unless you are wealthy. That’s simply not true! Without proper estate planning, the state of Oklahoma will decide how your estate is distributed, after you pass away. Without an estate plan any heirs or beneficiaries will likely face long delays and a complicated probate court process.

Having an experienced Estate Planning Attorney in Oklahoma can help ensure your estate is distributed according to your wishes. Wills and trusts give you control over who gets what from your estate, while saving your family from the financial burden of the probate process. 

At Seda Law Firm, our Oklahoma Estate Planning Attorneys can help you decide whether to execute a will, establish a trust, or perhaps both. They can also help determine the necessity of a durable power of attorney and healthcare directives — which 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 Attorneys at Seda Law Firm, in Oklahoma, canhelp you determine which plan best suits your needs.

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Estate Planning Laws in Oklahoma

No one lives forever. That’s why putting an Estate Plan in place while you are young and in good health is extremely important!

The laws for estate planning are established by the state in which you live. The state regulates the execution of wills and trusts, durable powers of attorney, and healthcare directives for medical and end-of-life preferences.

According to the Oklahoma Advance Directive Act “OAD Act,” an individual has the choice to forgo life-saving medical practices, including feeding tubes, artificial respiration, and other procedures. An experienced Estate Planning attorney will not only help you navigate the OAD Act but also these additional Oklahoma estate planning components:

  • Oklahoma Durable Power of Attorney
  • Oklahoma Wills
  • Oklahoma Living Wills
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estate planning lawyers

Estate Planning Basics

Estate Planning helps you determine who receives your assets and handles your responsibilities after you die or become incapacitated. 

Your first step to a comprehensive estate plan is to inventory your assets. Next, determine how you want the assets distributed upon your death or if you become incapacitated.

Some assets, both tangible and intangible, to include in your estate planning are:

  • Business Ownership
  • Real Estate
  • Motor and Recreational Vehicles
  • Collectibles
  • Stocks and Bonds
  • Retirement Accounts
  • Checking and Savings Accounts
  • Life Insurance
  • Personal Possessions

 

It is critical to identify all of your assets to ensure they are all transferred or conveyed into a trust or, alternatively, that title is held in such a way that probate may be avoided upon your passing.

Once you have an Estate Plan in place, you can adjust the plan whenever your financial and/or personal situations change.

Estate Planning Services in Oklahoma

Once you have developed and executed an estate plan, it is important to periodically review the estate plan to confirm that it still matches your end-of-life wishes. Over time, real property ownership changes, your family may have added another child, or you may have added other assets. These changes may require modification to your initial Estate Planning documents. The Estate Planning Attorneys at Seda Law Firm are here to help you through all the scenarios — ensuring your plan fits your situation.

To learn more about estate planning in Oklahoma, contact the Seda Law Firm at 405.759.0678 or fill out our Contact Form.

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