Guidance from a Broken Arrow Real Estate and Estate Planning Attorney Real estate investors often focus on growing their portfolios, but growth brings an important challenge: taxes. When you sell an investment property that has appreciated significantly, capital gains taxes…
After more than four decades of service to Tulsa-area families and businesses, attorney Kurt M. Kennedy has joined Littleton Legal PLLC as Of Counsel. As part of this transition, Littleton Legal will continue serving the clients of Kennedy Law, offering…
When parents come to our office to discuss their estate plans, they often face a particularly challenging question: how do we provide for a child who's struggling with substance abuse without making the situation worse? This is one of the…
Guidance from a Tulsa and Broken Arrow Estate Planning Attorney When creating an estate plan, many families wonder whether it's wise to divide decision-making responsibilities between multiple people. For example, one adult child might serve as Durable Power of Attorney…
Estate planning traditionally focuses on efficiently transferring assets at death while minimizing the tax burden to your beneficiaries. However, a truly comprehensive estate plan encompasses something deeper: the transmission of your values, wisdom, and family legacy to future generations. At…
An LLC can continue indefinitely, but the death or incapacity of an owner can significantly affect how the business is run. Without proper planning, state laws and operating agreements determine what happens next, which can lead to unintended outcomes such…
Key Points: Dividing a business during divorce can be complex and requires careful planning. Determining whether the business is marital or separate property is critical. Business valuation may involve multiple experts and different methods. Prenuptial, postnuptial, and operating agreements can…
Probate is the court-supervised process of either (a) carrying out the instructions laid out in a deceased person’s will, or (b) applying state law to distribute the assets and property of someone who died without a will. Not all wills,…
Happy Easter! Although your fur-babies are not considered dependents for tax purposes, there are reasons to add them to your estate plan. The Humane Society estimates that half a million pets get sent to shelters every year because their owners…
Many business owners consider putting their LLC into a trust to protect assets, avoid probate, and ensure smooth business succession. This guide explains how it works and what you need to know before making the transfer. Key Points: Placing LLC…