ESTATE PLANNING ATTORNEY IN NORMAN

Estate Planning Lawyer in Norman

What will happen to your estate after you're gone? With the lawyers at Ball Morse Lowe, you can rest assured that all of your assets will be properly taken care of and distributed according to your wishes. Our experienced attorneys specialize in estate planning and will work with you to create a comprehensive plan for the future of your estate. 

Every year, a surprising number of people fail to create a comprehensive estate plan, leaving their loved ones with complex legal and financial matters. Our attorneys will work closely with you to ensure that your wishes are properly executed in the event of your death or incapacitation. We understand that this process can be scary, so we strive to make it as easy as possible for our clients. 

Our team also offers guidance to those who are appointed as executors of a deceased person’s estate. This process can be concerning and complex, so we’re here to help you understand your rights and responsibilities as executor. Contact our reputable estate planning lawyers in Norman to take the first step today. 

What Happens Without an Estate Plan in Oklahoma? 

To really learn the importance of estate planning and how it affects your loved ones, you need to understand what happens without a plan in place. In Oklahoma, if an individual dies without a will or other estate planning document, their assets are distributed according to the laws of intestate succession. This means that your assets may not necessarily go to the people you wanted them to. 

For example, if you are single and have no children, your assets will be distributed to your siblings or other relatives. With a comprehensive estate plan in place, you have the power to make sure that your assets are distributed according to your wishes. Thankfully, it's easy to get started with a friendly estate planning law firm in Norman. 

What Does Estate Planning Involve? 

Estate planning involves a variety of legal and financial strategies designed to ensure that your estate is managed according to your wishes. This includes creating a will, establishing a trust, and making changes to existing accounts or policies. Our attorneys are experienced in the complexities of estate planning and can guide you through the process. 

Will - It's a term known to most, but what exactly is a will? A will is a legally binding document that allows you to dictate how your assets are distributed upon your death. It’s important to note that a will does not cover certain assets such as IRA accounts or life insurance policies, so it's best to consult with an experienced lawyer. 

Trust - A trust is a financial instrument that allows you to manage your assets without having full ownership of them. This can be beneficial if you want to protect your assets from taxation or manage them for the benefit of others. There are various types of trusts and it’s important to understand the differences between them. 

If you're wondering about the difference between an estate planning attorney in Norman and a financial planner, here's the answer: While a financial planner can help you manage your assets, an estate planning lawyer can help you create documents such as wills and trusts that will protect your assets after you die. Ball Morse Lowe has expert Norman estate planning attorneys who will work with you to ensure that your assets are distributed according to your wishes. 

What is Probate? 

Probate is the legal process of transferring property after death. This includes collecting assets, paying debts and taxes, and distributing any remaining assets according to the deceased individual’s wishes. Probate can be a lengthy and expensive process, so it’s important to have an experienced attorney guide you through it. 

It's important to note that you can avoid probate by creating an estate plan that includes a living trust or other legal document. Ball Morse Lowe has experienced attorneys who can help you create an effective plan and avoid this stressful process for your loved ones. 

Ball Morse Lowe - Estate Planning in Norman 

At Ball Morse Lowe, we understand that estate planning is an important but often-overlooked part of life. Our experienced attorneys are here to help you create a comprehensive plan that will protect your assets and ensure that your wishes are met. So, just contact us today to get started. 

There's no obligation — just peace of mind. Start with a phone call, ask the questions that have been spinning through your head, and let us help you build an estate plan that works for you. Let the attorneys at Ball Morse Lowe guide you on your journey to secure your future! Call 405.701.5355 today!