How can I ensure that my estate is distributed according to my wishes?
One of the most important steps that you can take to ensure that your estate is distributed according to your wishes is to create an estate plan. An estate plan is a set of legally binding documents that outline how your assets should be distributed once you die. In Oklahoma, these documents usually include a will, trust, and financial or medical power of attorney. A will is a document that specifies the individuals or organizations that should receive your assets after you pass away. You can also use a will to name a guardian for your children, if necessary. A trust is a legal agreement between you and a trustee that sets out the terms and conditions for how your assets should be managed and distributed. A financial or medical power of attorney gives someone else the authority to manage your finances or make medical decisions for you if you become incapacitated. Creating an estate plan is important to ensure that your wishes are honored after you pass away. Working with an experienced estate planning lawyer is the best way to make sure your documents are properly prepared and executed. An estate planning lawyer can also help you to assess your financial situation and advise you on tax and other legal matters that may affect your estate.
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