While it’s not pleasant to consider what happens after you die, it’s important to be prepared for it. If you don’t make a plan, everything you own will be divided up by the court. If your wishes aren’t documented, they can’t be met.
Your possessions and assets are yours to bequeath as you please. You need to make these decisions while you still can. It’s never too early for estate planning, but it can quickly become too late.
Contrary to popular belief, estate planning isn’t just for the rich and elderly. If you want to decide what happens to everything you own when you pass, you need estate planning.
While you can create this plan at any point in your life, you may want to revise it after certain life changes. These include having children, getting married or divorced, traveling, acquiring wealth or property, and discovering a medical condition.
Estate planning should not be a solo undertaking. With something this important, you need the expertise and guidance of an estate planning attorney. Wirth Law Office – Nowata can help you perfect your plan.
What Do I Do?
Estate planning is the process of deciding what happens to your money, property, and possessions after you pass away. The attorneys at Wirth Law Office have two primary goals when they help you with your estate planning. One is the reduction or elimination of death taxes. The other is avoiding probate.
Probate is the process of validating the deceased’s will and acting in accordance with it. It can usually be avoided with the creation of a living will. The way we meet these goals is by determining your needs and adapting wills, living wills, powers of attorney, trusts, and advanced healthcare directives to meet them.
We want to ensure your assets are protected so you and your loved ones can have the best possible outcome. We can help you create this crucial road map with every necessary detail.
Do Not Do It Yourself
You may be tempted to go with a do-it-yourself estate planning kit that you see at a store or online. They may seem user-friendly and simple, but they can be dangerous.
Oftentimes, they don’t adhere to Oklahoma’s specific estate planning laws. This could lead to an invalid will, which leads to probate. For the sake of your family, you don’t want that to happen. They’d have to face a costly and time-consuming process.
The Nowata estate planning attorneys at Wirth Law Office know Oklahoma’s laws and how to work with them. We can help draft compliant documents and simplify the process.
No Time Like the Present
While it may not seem like a priority, estate planning should not be put off. The best time to do it is when you’re in good physical and mental health. If you are, don’t wait any longer. Your situation could change at any moment.
If you already have a plan, remember that you may need to update it from time to time. It’s important to have a clear plan on what happens to you and your assets when you pass. This makes things easier for those you leave behind.
Also, without a plan, you may not be eligible for Medicaid, Social Security, and Medicare. Let the Nowata estate planning attorneys at Wirth Law Office help secure your future for you and your loved ones.
Free Consultation with a Nowata Estate Planning Attorney
Whether you’re new to estate planning or needing to make some changes, the estate planning attorneys at Wirth Law Office – Nowata are ready to guide you through it. For a better understanding of estate planning and how we can help, call (918) 932-2872 for a free consultation.