A pour-over will is a legal document that ensures an individual’s remaining assets will automatically transfer to a previously established trust upon their death. These wills are normally created alongside a trust….Read More
Here is another reason why estate planning is never a one-and-done project. Setting Every Community Up for Retirement Enhancement (SECURE) Act — which took effect on Jan. 1, 2020 — created a mixed bag of benefits and new requirements for Americans saving for retirement. Starting in 2022, a new law, part of the SECURE Act,…Read More
The decision to buy long-term care insurance vs. self-insuring is a common conundrum. If you can afford to self-insure based on your estate planning, then the choice boils down to whether you would like to retain the risk or share the risk with an insurance company. What is long-term care insurance? Long-term care insurance covers…Read More
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
Before we consider the need for a trust, it’s important to understand exactly what a trust is. A trust is a legal document that is formed between two or more parties where one person, who is called a trustee, holds property on behalf of another, called a beneficiary. More specifically, a trust is created when property…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
Driving a car can feel like second nature, but as we age that feeling turns into uncertainty. Aging affects eyesight, reflexes and overall safety while driving. The decision to take car keys away from an aging family member or friend is an emotional one but having those hard conversations earlier and paying attention to any…Read More
