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Your Oklahoma attorney for Elder Law, Trusts, and Estate Planning

Oklahoma City Estate Planning Attorney

Virtually everyone can benefit from having an estate plan

Without your own plan, the State of Oklahoma will determine how your assets are distributed after you pass away. Of course, the government is not interested in making sure your wishes are carried out, minimizing costs and streamlining the distribution of assets to loved ones.

  An estate plan can also help you accomplish a variety of other goals, including:

  • Protect your assets against creditors, lawsuits and other potential threats
  • Reduce estate tax and protect against inadvertent income tax
  • Pass your values and work ethic on to heirs
  • Keep information about your family and financial affairs private
  • Protect your heirs’ inheritances against divorce and creditors
  • Leave a lasting legacy
  • Achieve the peace of mind that comes from having a plan in place for the future

 

Having a plan of your own can also ensure that a person you designate will make financial and medical decisions on your behalf if you become incapacitated. Without a plan, someone will petition the court to make these important decisions for you—a person you might not want to have this authority.

  Our team will take the time to get to know you on a personal level to gain a thorough understanding of your goals, concerns and hopes for the future and look forward to the opportunity to meet you in person and come to know your concerns and objectives. At at Rischard & Associates our objectives are to:

  • explain all of your planning options in plain English and answer all of your questions.
  • create a customized plan to address your particular needs and goals.
  • work with you in the future to make sure your plan takes into account changes in your life and changes in the law.

Ensure your directives are carried out properly for your loved ones

For a trust to accomplish its goals it must be properly administered and funded.

  • Although there are many different types of trusts, the administration process generally involves filings with the IRS, the court and state taxing authorities, as well as notifying individuals affected by the trust.
  • There are other duties as well, including the settlement of creditor claims, opening bank accounts, arranging for the sale of property and other assets, paying the decedent’s final expenses, and more.
  • These duties must all be performed using accurate and proper accounting practices.

 

Accomplishing all of this would be difficult enough without the added grief and stress of losing a loved one. If you have been asked to administer a trust, we will:

  • guide you through every stage of the process,
  • explain the potential legal and financial penalties of failing to administer a trust properly if you are considering serving as trustee on your own.
  • work closely with your existing advisors to ensure the directives of the trust are carried out properly.

Oklahoma Trust Administration Attorney

Rischard & Associates administers probate and estate settlement

Probate is a court-managed process in which a person’s assets are retitled and distributed after he or she passes away. It sounds simple enough, but the process can be expensive, time-consuming and frustrating—even more so without proper legal counsel.

  • At Rischard & Associates we can handle the probate and estate settlement process for you from beginning to end.
  • We understand the difficulty of losing a loved one and the stress of handling the legal process, especially following a family member’s passing.
  • Our goal is to lift the burden from your shoulders and allow you to concentrate on what is most important—coming to terms with your loss and moving forward with your life.

  While much of our practice is devoted to helping clients avoid probate entirely, families often ask us to help them with the probate and estate settlement process.

  We invite you to contact us at your earliest convenience for a personal meeting.

 

When you  need an attorney who specializes in  elder law, estate planning, trust administration and litigation

Call 405-235-2393

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