In the last fifty years, the mobility of American families has exploded. The invention of things like the phone, computer, and (of course) the internet have brought people closer together than ever before. Because of this, the need to transfer guardianships between different states is also on the rise.
Whether you’ve split perfectly and you’re still really amiable or you’ve just gone through a very messy divorce or separation, the health and happiness of your child and/or children remains the highest priority. The separation of a child’s parents is incredibly stressful for a young child, and it’s good to be aware and prepared to nurture them through this hard time.
If you’re considering becoming a legal guardian, you’ve probably got a lot on your mind. While there are many reasons to become the guardian of a child or children within many different situations, it is an extensive process that involves many steps and (a lot of) paperwork.
To help guide you through this strenuous but often rewarding process, we’ve created a 4-step process that details the basic steps you’ll need to take from the beginning to the end of your guardianship process.
If you’re interested in naming someone the guardian of your child or children or you want to become a guardian yourself, there are a number of steps to take and it’s a good idea to learn what you need before you get started. In all issues of custody over a child or children, the court seeks what is best for the child first and foremost. You’ll need to be able to show the court that you can provide that.
As you probably already know, a trust is a fiduciary agreement that allows a third party or trustee to hold assets on behalf of a beneficiary. Trusts are used in many ways and can specify exactly how and when the assets pass to beneficiaries. One type of trust that is especially useful is a special needs trust, also referred to as a supplemental needs trust.
It would be nice and much easier for everyone if this blog post was one sentence long and simply told you the exact amount of time probate takes in the state of Oklahoma. However, probate is an extensive process, and the length depends on the complexity of the probate estate and the ease of the litigation involved regarding asset distribution and the payment of debts.
A donor-advised fund, also known as a DAF, is a great way to donate to various charitable organizations without going through mountains of paperwork, all the while minimizing your taxes through deductions. It also offers tremendous flexibility for post-death giving, specifically if the DAF is funded while you’re still alive.
Everyone knows the only truly certain aspect of life is uncertainty. But that doesn’t mean you don’t have any control. Whether you’re in your early twenties or you’re getting closer to retirement age, it’s never too early – or too late – to start considering what will happen to your belongings and estate when you’re gone.