A Will has no power until you die. A Power of Attorney, whether durable or not, controls while you are alive. An Advanced Directive usually controls end-of-life issues. A Trust, revocable or otherwise, can govern your affairs both before and/or after death.
If you do not have a will or a trust, when you die your assets will pass to your heirs-at-law pursuant to the Oklahoma statutes of descent and distribution, which may or may not be what you would want. We can discuss your desires and craft an estate plan that will carry them out. For it to be effective, a will must be probated, which means a District Court case must be filed and a Personal Representative appointed. On the other hand, if you have a trust, it is a contract between you and your trustee(s), and the assets that are put into the trust are controlled by its terms and its trustee(s) and do not require a probate.
The following are our packages for Estate Planning:
Our Trust Package can include all of the following, which is put into a notebook as well as saved to a CD ROM disk for your convenience:
- Trust or Trust Amendment
- Pour Over Will
- Durable Power of Attorney
- Advanced Directive for Healthcare
- Advanced Directive for Mental Healthcare
- HIPPA Forms
- Do Not Resuscitate (if you so desire)
- Mineral Deed(s) (Where applicable)
- Quit Claim Deed(s)
- Memorandum of Trust
- Letters to Financial Institutions (Where applicable)
Our Will Package can include all of the following,which is put into a notebook as well as saved to a CD ROM disk for your convenience: