Hashing out your legal issues before your family has to is the best gift you can offer to your surviving family members. Obviously, planning needs for your death change over time, because your life concerns change. If you are in need of a revision of your current estate plans or need a new document altogether, we're here to help.
Whether you are young or old, every person can benefit from a will, power of attorney, or other privisoniary documents. Contact us today and take the next steps in your estate planning.
Why is a will important?
A will lets you tell your heirs where you want your money to go. You have worked hard to acquire what you have. Unless you have a will, your property will be distributed according to how the Oklahoma legislature decided. Under the law of intestate succession, which means there is no will, the Oklahoma Legislature and Governor agreed that if you die with a spouse and children, your spouse gets only half and your children get the other half. This can create significant problems for the surviving spouse. A will can also include a testamentary trust and guardianship provisions to take care of your minor children in the event of your untimely death.
What is the difference between a general power of attorney and a durable power of attorney?
The big difference between the two is the duration of the effectiveness of the power of attorney. General powers of attorney terminate upon the incapacity of the person who gave the power. Durable powers of attorney do not. Durable powers of attorney can avoid the necessity of filing a guardianship and save hundreds of dollars in attorney’s fees.
Can I use the power of attorney after the person who gave the power dies?
No! Powers of attorney terminate upon the death of the person who gave the power. Just because someone is given the power during the person’s lifetime they have no authority to do anything once the person passes away.
What does an advance directive do?
An advance directive is used to help your doctor, hospital, and ambulance service understand what you want to happen if you have a terminal illness or slip into a coma. It is sometimes called a living will. It is your way of telling your health care providers whether you want artificial means (machines like a heart lung machine or ventilator) to keep you alive and whether or not you want food and water administered in the event you have a terminal illness or slip into a coma.
Don't leave the burden to your family after your gone. Wills and other estate planning documents will take all the guess work out of your family's future.
Call for your FREE 1 hour legal consultation.