All posts in 'Estate planning'

25Mar, 15

If you are in a second marriage or planning another trip down the aisle, then estate planning can get complicated very fast. You probably want to provide for your current spouse but not inadvertently benefit your former spouse.  If you have children from either marriage, then juggling their interests can be a challenge. Take Inventory ... more

18Jan, 15

On the Friday, January 16th, the US Supreme Court agreed to hear four new cases on same-sex marriage from the Sixth Circuit Court of Appeals, which upheld bans on same-sex marriage and marriage recognition in Kentucky, Michigan, Ohio and Tennessee. The Sixth Circuit decision is at odds with decisions in the Fourth, Seventh, Ninth and ... more

23Dec, 14

While most estate planning tends to focus on a person’s property, a comprehensive plan will include planning if you become disabled or incapacitated as a result of an accident, injury, disease or illness. Good incapacity planning will include the following “tools”: Revocable Living Trust. While this type of trust will hold your assets, a properly ... more

5Sep, 13

On August 29, 2013, the Department of the Treasury and the Internal Revenue Service issued Revenue Ruling 2013-17. The ruling implements the federal tax aspects of the recent U.S. Supreme Court decision in United States v. Windsor, which invalidated a portion of DOMA. In short, the ruling provides that same-sex couples who are married in ... more

10Aug, 13

One important but often overlooked area in estate planning for the LGBT community involves the right of the surviving partner to control the disposition of the remains of the deceased partner. This is especially an acute problem in Oklahoma since Oklahoma does not allow same sex marriages or recognize same sex marriages performed in another ... more

8Dec, 12

Wills and trusts are important elements in any comprehensive estate plan. Most people realize it is important to have a will and/or trust, but many forget to update them as changes in their situation occur. The following can be reasons why a person needs to update a will or trust: Changes in financial situation, property ... more