Over the course of your life, you’re likely to have gathered assets. For example, you might immediately think of property, but it can also include insurance policies, businesses, furniture, and much more. In short, your estate can include anything and everything you own. Without an estate plan, the outcome and destination of your estate will be determined by Oklahoma law. Sadly, your wishes won’t be taken into consideration unless they have been outlined properly.
At this stage, many people think that this is a suitable solution because Oklahoma law does have certain rules in place after a person passes away. Yet, there’s a risk that your estate won’t reach its desired destination when allowed to be organized this way. Not only do you risk a poor outcome, but the system is also costly and slow. To ensure that your wishes are followed and your loved ones aren’t put through a lengthy process, consider an estate planning lawyer in Guthrie.
When you work with a professional, you can create a legal plan detailing what you wish to do with your assets following your passing. Your estate planning law firm in Guthrie will help to preserve the value of your estate and avoid tax implications. As well as ensuring the right people get your assets, an estate plan could include choosing a guardian for minors, helping with post-mortem decisions, and creating trusts and powers of attorney.
