As much as most of us are cognizant that life is short and we need to plan for the future, some people have reservations about writing a will. None of us likes the idea that the someday, we too will pass. Taking the time to sit down and think through what we’d like to happen in the days and months following our death is a gesture that our survivors will appreciate.
Wills can limit family quarrels and tension around which family member gets their way. A detailed will can make the quantifying and distribution of your assets a much smoother process. A will covers vitally important issues like guardianship of your children or how you want your special needs loved one to be cared for.
The Oklahoma City attorneys at the firm of Foshee & Yaffe, Attorneys at Law work with all aspects of estate planning on a regular basis. Enlisting the skilled counsel of one of our attorneys can alleviate some of the stress of walking through the process as well as help you avoid common oversights and pitfalls.
Establishing A Trust
One of the aspects of a well-designed estate plan is the creation of a trust. Trusts provide the appropriate documentation needed to see to it that your financial goals exceed your lifespan. Some of the benefits include:
- Private and well-organized disbursement of assets (bypassing the probate system)
- Preservation of wealth for heirs and preferred eleemosynary organizations
- Tax benefits
- Age-based and other specifiable asset distribution details
- Keeping assets in your family and protecting how they are used
OKLAHOMA CITY WILL & TRUST ATTORNEYS
If you have not yet started to write a will and trust, let’s start the conversation about what the process could look like for you and your schedule. We can help with all the paperwork required and work through the details needed to create these essential aspects of estate planning so that your legacy lives on well past your lifetime.
Contact us today for a initial consultation.