In a few days, I'll post some names of some good guys across the spectrum of prices...both in Tulsa and OKC.
Do i need to do this?
Looking for an elderman, you still want to recommend some names?
Before going to your first duty station, you will be required to visit the Legal folks, and they will do your last will and testament.
At least they did back in my day.
I'm going through this now. We lost Mom in August. Dad has been gone for 12 years.
Mom put us as POD(pay on death) on all of her financial business. Make sure this is done. Makes it seamless.
IRA's are a different story. They can be converted to Beneficiary status, but depending on the IRA you may have to take a mandatory distribution each year. They can be disbursed over 5 years but will be counted as income on your annual tax returns.
There is a simple form to fill out at the county seat to keep property out of probate, but Mom wouldn't consult anybody, so now the property is in probate.
Get the vehicles in the heirs names as co-owners. Vehicles aren't that big of a deal, as you can go to a tag agent, and fill out a form after death to get it transferred to the heirs, but it costs $$, and is a hassle.
This link is too long to post, so I'll just leave the link. Its from USAA insurance. Advice that needs to be heeded.
All of this advice is ok as long as all heirs are in agreement. When my sister and I went to the bank to convert investments, the advisor said we were the first she had seen that weren't at each others throats.
My MIL is super secret on all of her financial dealings, which frustrates my wife. She keeps trying to talk to her about it, as she is in her 80's, but sometimes things are so ingrained they can't be broken into.
Its a rough road, and you don't need to be 80 to make sure your finances, are in order, and there are laws out there to make sure that even if you put your kids that you don't like as an heir, they can't screw you until after your death.
https://www.usaa.com/inet/pages/adv...n?EID=corp_cc_13_10_45Plus-10&akredirect=true
Mom put us as POD(pay on death) on all of her financial business. Make sure this is done. Makes it seamless.
IRA's are a different story. They can be converted to Beneficiary status, but depending on the IRA you may have to take a mandatory distribution each year. They can be disbursed over 5 years but will be counted as income on your annual tax returns.
There is a simple form to fill out at the county seat to keep property out of probate, but Mom wouldn't consult anybody, so now the property is in probate.
Get the vehicles in the heirs names as co-owners. Vehicles aren't that big of a deal, as you can go to a tag agent, and fill out a form after death to get it transferred to the heirs, but it costs $$, and is a hassle.
This link is too long to post, so I'll just leave the link. Its from USAA insurance. Advice that needs to be heeded.
All of this advice is ok as long as all heirs are in agreement. When my sister and I went to the bank to convert investments, the advisor said we were the first she had seen that weren't at each others throats.
My MIL is super secret on all of her financial dealings, which frustrates my wife. She keeps trying to talk to her about it, as she is in her 80's, but sometimes things are so ingrained they can't be broken into.
Its a rough road, and you don't need to be 80 to make sure your finances, are in order, and there are laws out there to make sure that even if you put your kids that you don't like as an heir, they can't screw you until after your death.
https://www.usaa.com/inet/pages/adv...n?EID=corp_cc_13_10_45Plus-10&akredirect=true
Dennis said it perfectly.
Here are some great estate lawyers in Tulsa:
Dennis Bires (he is with Fred Dorwarts Lawyers)
Reece Morrell
James, Potts and Wulfers
Here are some great estate lawyers in Tulsa:
Dennis Bires (he is with Fred Dorwarts Lawyers)
Reece Morrell
James, Potts and Wulfers
I second that JB Books, I see it all the time in my business, Probate is awful and it just adds one more level of stress that families who are already in distress just do not need and its totally avoidable.
Im sorry for the loss of your friend.
Im sorry for the loss of your friend.
Anyone have anyone that they'd reccomend in the OKC metro? My wife and I discussed this since we are newer parent's and just lost my grandfather. We have a lot of decisions made, just need to have someone put it on paper & make it legal.
James Posey in Bethany is good and does a lot of trust.
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