Estate planning is a difficult topic for families. However, it’s an important conversation to have. The best approach is to try and understand what you can do to help your loved ones prepare their estate plan or help them better receive it. Below are a few tips to include in your plans. Have difficult conversations before a…Read More
Kevin Miller has experience with LGBTQ+ estate planning and is available to answer your questions.
Call the office at 405-443-5100….Read More
The recent struggles with inflation began in 2021, on the heels of the Covid pandemic. While persistently high inflation is hardly cheerful news, a set of annual adjustments from the IRS that are tied to an inflation index could provide relief in one unexpected area — taxes. Last October, the IRS announced the adjustments for…Read More
The passing of a loved one is a stressful time for anyone. Add an inheritance into the mix and relationships between family members can add even more stress. One thing is certain; receiving an inheritance without proper planning is the best course of action. Below are some things to consider before moving forward with an…Read More
Financial planning for retirement normally includes some travel and more time to be social with friends. However, most older adults do not allow for caregiving in their retirement budget – whether it’s hiring a caregiver to care for a loved one or being a caregiver themselves. Planning for Care When caregiving needs become a priority for…Read More
Members of the military have a more dangerous occupation than the average American. Because of this, service members should make estate planning a priority. Make a plan and prioritize estate planning now so in the event that something happens to you, your loved ones will have clear instructions for your assets. Letter of instruction A…Read More
The stock market entered bear market territory earlier this year. The combination of higher interest rates and inflation, coupled with the covid pandemic, has caused the 20% market decline that qualifies the “bear market” conditions. When it comes to estate planning, this environment creates opportunities for some individuals and challenges for others. Opportunities Individuals can…Read More
Mental illness in the United States is more prevalent than many people realize. This type of illness is underfunded in the healthcare sector, infrequently addressed in legislation, and rarely discussed openly. It’s no surprise that mental illness is seldom mentioned in estate planning. There are some important issues to consider when planning an estate that involves a…Read More
Estate planning is not a one-size-fits-all type of process. The path taken depends on the amount of assets in the estate, the goals for the estate and the complexity of relationships within the family. Unfortunately, it takes a big event like a health scare to shake us out of our procrastination with estate planning to…Read More
Most recently divorced people think their ex-spouse is the last person they want to inherit their assets when they die. Additionally, they do not want that person to make life and death decisions for them. But that is exactly what can happen, and often does, when estate planning documents are not updated. Beneficiary Designations Assets…Read More
