Generally, either a will or a revocable trust will be the foundation of your estate plan. The other key documents that comprise your estate plan include financial and medical documents which are important if you become incapacitated. Deciding which plan is the right fit for your family is part of the estate plan design process.
Once your plan has been designed and executed, your plan must be implemented. For trust-centered estate plans, this means that the trust must be fully funded. In other words, your assets must be transferred to your trust during your lifetime. Trust administration refers to the process of administering a trust upon the trust creator’s incapacity or after the trust creator’s death.
There are several key differences between a will-centered plan and a trust-centered plan. A revocable trust is a legal agreement created during your lifetime which allows you to direct how and when your assets will be distributed upon your incapacity and upon your death. A Will also directs how your assets will be distributed upon your death, but does not provide any planning for incapacity. A Will must be probated upon death, whereas, a trust can avoid probate. For more information on the differences between a will and a trust, please read more here.
The skilled attorneys at Ball Morse Lowe are passionate about providing education and information to individuals and families so they can make informed decisions about estate planning. In addition, we work closely with our clients’ trusted financial advisors, accountants and insurance professionals to implement comprehensive estate plans.
Arrange an initial consultation with one of our estate planning lawyers by calling Ball Morse Lowe, PLLC, at 405-701-5355 or by contacting our office by email. We serve clients in the Oklahoma City area and throughout the state from our offices in Norman and Oklahoma City. Our team of attorneys will work with you to take the right steps to preserving your assets for your family.
The attorneys at Ball Morse Lowe have built a respected reputation over the decades for providing sophisticated counsel in complex oil, gas, and energy law matters, business law cases, transactions, estate planning, and family law matters. We take pride in assisting individuals and families with their legal concerns. Personable and responsive, our lawyers craft documents and develop strategies tailored to each client's unique goals and needs.
Ball Morse Lowe, PLLC, is committed to providing excellent service and sound solutions to our clients in a cost-effective manner. From our law firms in Norman, Oklahoma City, Dallas, and Denver, our attorneys provide services throughout the Oklahoma City, DFW, and Denver Metros and in other states, including Texas, North Dakota, Ohio, Colorado, California, Wyoming and New Mexico.
Ball Morse Lowe is a recognized law firm that serves clients across Oklahoma, Texas, and Colorado.
Our lawyers have extensive experience handling a wide range of practice areas, including family law, estate planning, litigation, real estate, oil, gas and energy, business & commercial, and much more.
Our firm is devoted to providing each client with all the resources of a large firm but with the individualized attention of a small practice. Unlike many other firms, we have the ability to conduct investigations, hire expert witnesses, and utilize cutting-edge technology to help you build the strongest case possible.
The lawyers at Ball Morse Lowe can help you seek what's needed in your case. Our team is standing by to assist you, so call us at (877) 508-4265 to get started with a free consultation with our client intake team.
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Great advocacy, and excellent at keeping client informed about options.
Jennifer assisted us in making a trust, and all of the additional documents that go with it – advanced directives, powers of attorney, etc. She was professional, knowledgeable, cheerful, personable. We are very happy with our association and look forward to doing business with them in the future!
I enjoyed meeting and talking with Mr. Bottomly. He was easy to talk to, and I left feeling confident that should I end up needing legal assistance, working with Mr. Bottomly would be a positive experience. Thank you.
Quality attorneys representing my wife and me in a difficult situation. Always responsive, professional and advanced the clients best interests. Always had direct access to our attorney. Thanks so much.
Don and Kay Holladay
I recently needed advice regarding a property matter. I was able to make an
I have used Ball Morse Lowe for both business and personal reasons. Parker Lowe handles my oil and gas issues and Bow Bottomly recently represented me in divorce proceedings. The staff has always been very helpful and even though I am not a big client, they never make you feel that way.