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Oklahoma Retirement Trust Attorneys

Helping Oklahoma families like yours protect their assets and their legacy through retirement trusts.

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Trusts That Your Assets Will Be Distributed To Loved One, Charities or Beneficiaries

You’ve worked hard to build a future for yourself and your family. Now it’s time to make sure that future is protected — thoughtfully, securely, and on your terms — with help from our retirement trust attorneys in Oklahoma. 

Depending on the size of your retirement accounts and your estate planning goals, a Standalone Retirement Trust (SRT) can be a vital addition to your overall estate plan. A retirement trust gives you greater control over how and when your loved ones receive inherited retirement funds, helping protect them from unnecessary taxes, creditors, or financial missteps. It ensures your savings are used wisely, in line with your intentions, providing long-term stability for your loved ones and confidence that your legacy will endure. 

At Ball Morse Lowe, our estate planning and retirement trust lawyers bring thoughtful strategy and personal understanding to every plan we create. Establishing a retirement trust involves detailed tax and legal considerations that can be complex to navigate alone. Our team helps you make informed choices, structure your Trust correctly, and coordinate it with the rest of your estate plan, so everything works together seamlessly. 

Frequently Asked Questions About
Standalone Retirement Trusts (SRTs)

 

What is a Standalone Retirement Trust (SRT)? A Standalone Retirement Trust, or SRT, is a specialized estate planning tool designed to protect retirement accounts such as IRAs or 401(k)s for your beneficiaries after your passing. It allows your loved ones to receive inherited retirement funds in a controlled and tax-efficient way while keeping those assets separate from other parts of your estate. The Trust is carefully drafted to comply with IRS regulations and helps avoid mandatory liquidation of the retirement account, which could otherwise trigger large tax bills. 
How does a Standalone Retirement Trust work in Oklahoma? In Oklahoma, a Standalone Retirement Trust is created as a separate legal document that becomes the designated beneficiary of your retirement accounts. After your passing, the Trust receives the retirement assets and distributes them to your beneficiaries based on the terms you’ve set. This approach allows you to determine how and when your beneficiaries receive the funds, whether through periodic distributions, for specific needs, or over time, helping ensure the assets are managed responsibly and in accordance with your wishes. 
What are the benefits of a Standalone Retirement Trust? A Standalone Retirement Trust offers several key advantages. It allows beneficiaries to “stretch” required minimum distributions (RMDs), which can reduce annual taxable income and allow the retirement account to continue growing. It also provides protection from creditors, divorce, and poor financial decisions, and can ensure that minors, beneficiaries with special needs, or those receiving government benefits are provided for without jeopardizing eligibility. 
Do I need an attorney to create a Standalone Retirement Trust? While it’s not required, it’s highly encouraged. A Standalone Retirement Trust must be precisely drafted to meet IRS requirements and coordinate with your overall estate plan. Working with an experienced estate planning attorney ensures your Trust is legally compliant and customized to your specific goals. At Ball Morse Lowe, our retirement trust lawyers in Oklahoma help you design a Trust that protects your assets, reduces tax exposure, and preserves your legacy for generations to come. 
Is a Standalone Retirement Trust different from a regular revocable trust? Yes. A Standalone Retirement Trust is separate from your revocable living trust. It’s designed specifically for retirement accounts, preventing confusion for plan custodians, trustees, and beneficiaries. This separation allows for smoother administration and ensures your retirement assets retain their tax advantages and distribution flexibility. 
How much does a retirement trust cost in Oklahoma?

The cost of creating a retirement trust in Oklahoma depends on your unique situation. At Ball Morse Lowe, we offer flat-fee pricing across our estate planning services so you always know what to expect before we begin. 

Our transparent flat-fee approach ensures you receive thoughtful guidance and a plan designed to protect your future with clarity and confidence. 
How does a Standalone Retirement Trust reduce taxes in Oklahoma? In Oklahoma, an SRT allows beneficiaries to take required minimum distributions gradually, rather than all at once. This “stretch” approach lets the principal continue to grow tax-deferred and helps avoid a forced five-year liquidation of inherited retirement accounts, a scenario that could otherwise lead to significant immediate taxes. 
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Thinking About a Standalone Retirement Trust?

Our Oklahoma retirement trust attorneys are here and ready to discuss how estate planning tools can safeguard your retirement accounts and provide long-term stability for your beneficiaries.
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Managing retirement assets can feel complicated, but it doesn’t have to be. Explore straightforward resources that help you understand how a retirement trust works and whether it’s the right choice for your goals.

 

Explore Estate Planning Resources