Along with planning for retirement, planning your estate is a fundamental step toward protecting your assets and providing for your family over the long term. It may seem like something you can keep putting off, but getting your estate in order should be a priority. Unexpectedly, it could be too late and your family will be left with unnecessary burdens and without a sense of direction while also dealing with the loss of their loved one.
Regardless of whether you are a business owner, an experienced professional with a substantial estate, or a young person or couple seeking to plan for the future, Sheri L. Mueller of Mueller, Wheeler & Associates, PLLC, will provide personalized, custom-tailored legal solutions for planning your estate. After working with you to understand and assess your personal and family circumstances, we will provide a comprehensive estate plan that includes the necessary legal instruments to ensure that your wishes are carried out properly. Estate planning documents include:
REVOCABLE TRUST — A trust that allows your beneficiaries to avoid the probate process while providing flexibility for the use and disposition of your assets during your life
POUR-OVER WILL — Works in conjunction with a revocable trust by providing disposition of assets not originally included in the revocable trust
SIMPLE WILL — Appropriate in certain circumstances, such as estates involving few assets of modest value, often resulting in a simplified probate administration
COMPLEX WILL — Often includes provisions for testamentary trusts or provisions for beneficiaries who are minors
In Oklahoma, certain health conditions, whether caused by an accident, cancer, dementia, Alzheimer’s, or other debilitating conditions, can result in you or a loved one being deemed legally incapable of making critical financial and healthcare-related decisions. If this occurs, you need to have documentation in place to provide someone else with the authority to make these decisions on your behalf and in accordance with your wishes. This can be done through a revocable trust, power of attorney, or through seeking and obtaining legal guardianship. To learn more about these options and decide which legal documents are appropriate for your situation, contact the estate planning attorneys at Mueller, Wheeler & Associates, PLLC today.