When planning for the future, many individuals wish to pass down meaningful possessions to their children. However, a common challenge arises: While parents see these items as cherished heirlooms, adult children often feel overwhelmed by the volume of inherited belongings,…
Our estate planning attorneys, located conveniently in Broken Arrow, regularly assist grandparents seeking to provide meaningful financial support for their grandchildren while avoiding unintended complications. Whether considering education funding or establishing a lasting financial legacy, strategic planning helps maximize the…
As a Broken Arrow inheritance lawyer, I often recommend Irrevocable Life Insurance Trusts (ILITs) to clients looking to protect their family's wealth. Life insurance is a powerful estate planning tool, but without proper planning, it can become vulnerable to creditors…
Inheriting an IRA can be a significant financial event, and recent changes to the IRS rules make it crucial for beneficiaries to understand their obligations. Whether you're in Broken Arrow or elsewhere, these new regulations could significantly impact your inheritance.…
In theory, a limited liability company (LLC) can last in perpetuity. However, the owners of an LLC should plan for the day when they are no longer there to run their business. This includes not only situations like retirement or…