Estate Planning

The Benefits of Working With An Estate Planning Lawyer in Oklahoma.

In this article, you can discover:

• How estate planning now can give you peace of mind in the future.
• Why you should consider an estate plan if you want to avoid your assets falling into the hands of the state.
• The ways that estate planning can protect your family and provide for them when they need it most.

What Happens If We Die Without Having An Estate Plan In Place In Oklahoma?

Few people really think about what will happen when they die or want to plan for their death – even though estate planning is one of the most important things you can do for the people that you care about.

Without an estate plan, your loved ones have to guess and scramble to make decisions as they try to process your passing. But if you take the time to put an estate plan in place, they’ll have most of the answers set out for them. You can include information to let them know about your funeral wishes, what assets you have left, where those assets will go, and so much more.

One of the most destructive experiences that families can face is the death of a loved one. Because, without proper protections in place, it’s easy for old wounds to resurface in the shape of fights over matters big and small. The confusion of losing someone you love and settling their estate is, understandably, an incredibly heavy burden to bear.

Fortunately, you can avoid these situations by taking the time to take distress and dysfunction out of the picture – before it ever has the chance to happen.

Your estate plan can include directions for nearly every aspect of your life, including:

• Your plans for family heirlooms,
• How you wish to be buried or interned,
• Provisions for beloved pets,
• Instructions regarding your home and any other property,
• Considerations for any life insurance policies or retirement accounts,
• And more…

If you pass away without an estate plan in place, all of these matters (and more) will be left to the discretion of those who are grieving – or worse, left to the state for the taking. Should you pass away with no known heirs or designated beneficiaries, the sum total of your life’s work could be assumed as tax dollars.

And on the subject of tax dollars, an estate plan can help you to minimize the tax burden so that your heirs can enjoy the greatest benefit from their inheritance. By taking thoughtful action in advance, you can maximize the gifts that you leave to your loved ones when you pass on.

What’s more, working with an estate planning lawyer to craft a strategy that secures a lifetime’s worth of effort can give you peace of mind. Then, you can live with the confidence of knowing that the people you care about most will continue to be cared for once you’re no longer able to provide for them yourself.

For more information on Dying Intestate In The State Of Oklahoma, an initial consultation is your next best step. Get the information and legal answers you are seeking by calling (918) 890-0881 today.