A knowledgeable estate planning attorney is invaluable in helping you anticipate what may happen in different scenarios throughout your life, such as disability or incapacity due to illness or accident.
Seda Law Firm led by Roberto Seda can help you identify and protect your goals for the future, both for yourself and your family members. Let’s look at what estate planning is and how Mr. Seda can help you. Keep on reading.
Estate Planning: Its Definition & Process
Estate planning is a process that helps you structure your assets, liabilities, and financial affairs to create an effective plan for managing them during your lifetime and after death. It involves deciding who will manage your affairs, who will be responsible for legal matters such as probate, and how to distribute property among heirs.
The process may involve creating legal documents such as wills, trusts, powers of attorney, and healthcare proxies. Working with an experienced professional like Roberto Seda can help ensure your estate plan is tailored to meet your current needs and future goals best.
Durable Power Of Attorney
A Durable Power of Attorney (DPOA) is an important part of estate planning. It allows you to appoint a trusted person, called an agent or attorney-in-fact, to handle matters in the event of your incapacity. This includes handling your financial and other legal affairs.
Wills & Living Wills
A will is a legal document that outlines an individual’s wishes regarding the distribution of their assets and property upon death. It is one of the most important components of estate planning, as it enables individuals to ensure that their assets are transferred following their wishes.
Assets For Estate Planning You Can Include
Business owners need to consider what will happen to their business in the event of death or disability. You must decide whether to keep the business, pass it on to family members, or liquidate it and distribute the assets among heirs.
Real estate helps build wealth and is a valuable asset that should be considered in estate planning. Beneficiaries should be aware of the details of any mortgage, deed, and title that may affect your real estate holdings.
Motor And Recreational Vehicles
An estate plan should include the value of motor and recreational vehicles. This will help ensure that heirs are aware of what these assets are worth and have a plan for managing them in the event of your death or disability.
Collectibles such as art, coins, jewelry, stamps, and antiques are often considered valuable assets that should be included in an estate plan. You should document their value for beneficiaries and ensure they have the proper legal documents to transfer ownership of these items if needed.
Hire Our Law Firm In Oklahoma City
Seda Law Firm is an excellent choice for those looking to understand Oklahoma’s estate planning laws better. Seda Law Firm led by Roberta Seda, an estate planning attorney, has extensive experience and provides sound legal advice to his clients.
He is well-versed in Oklahoma’s estate planning laws, ensuring that all assets are properly distributed according to the deceased’s wishes. Additionally, Mr. Seda’s estate planning law firm is committed to providing personalized service and attention to each client he works with.
He understands that everyone’s situation is unique and strives to create customized plans that meet their needs. With his knowledge, expertise, and dedication to excellence, Roberto Seda is unquestionably the right choice when it comes to estate planning in Oklahoma City.