Harrison & Mecklenburg, Inc. Estate Planning

Oklahoma Trusts

Kingfisher, Stillwater & Watonga Attorney Explains Trusts & Probate

If you are nearing the end of your life, then you may be considering estate planning and how to go about ensuring that your wishes are carried out for your estate. It is important that you understand your options, and that you have any questions answered by a skilled representative. One option that you have to carry out your desires is a trust. There are many different types of trusts; however, for the purpose of estate planning, you may benefit most from a living trust. This is an arrangement in which the trustee will obtain and hold legal title for another person.

Estate Planning Benefits of Trusts

One of the major advantages of trusts is their flexibility in carrying out more complex estate plans. A simple will may suffice for many people, but a trust is often necessary in cases which call for more detailed and nuanced plans for the distribution of assets. Furthermore, using a trust as the central component of your estate plan can serve to markedly reduce or the amount of tax liability owed by your estate upon your passing. Trusts additionally have the power to shield the estate from the probate process in most cases.

There is no one-size-fits-all solution to estate planning, but we recommend trusts for many of our clients as the most effective approach to meeting their individual expectations. When you bring your case to us, we will take the time to discuss your concerns and your goals, to review your situation and determine whether a trust will be the ideal estate planning instrument for you.

Certain types of trusts can also help with planning for estate taxes and protecting your loved ones from losing the provisions that you intended for them because of those taxes. However, because every estate is different, the success of your estate planning depends on whether you choose the right trust for your situation and whether it is established securely. That is why it is advised to retain a Kingfisher estate planning attorney to explain your different options and advise you on the best choice for your individual situation.

Serving Kingfisher, Stillwater & Watonga, Oklahoma Residents

If you are considering a living trust, or if you have questions regarding your estate planning options, then you may greatly benefit from the assistance that our firm can provide. We encourage you to take the first step by contacting us for an initial case evaluation so that we can review your legal options and provide you with an overview of what to expect throughout the process.

Our legal team is made up of six full-time Kingfisher attorneys who have more than 150 years of combined experience in handling various civil law matters. Contact our office today for the representation that you need on your side.