WILLS AND TRUSTS ATTORNEYS IN NORMAN

Wills and Trusts Lawyers in Norman

Nobody likes to think about end-of-life planning, but it's important for everyone to have their affairs in order. At Ball Morse Lowe, our experienced wills and trusts lawyers in Norman make the process easier. We understand the importance of providing sound legal advice and taking care of your family's future, which is why we will do our best to ensure that your estate is taken care of according to your wishes. 

What is a Will? 

In Oklahoma, a will is a legal document that outlines your wishes regarding the distribution of your estate and the care of any minor children when you pass away. It's important to have a will in place so that your wishes are known and followed. Our experienced will lawyers in Normal can help you draft a will that reflects your wishes and ensures that your family is taken care of when you are gone. 

Sadly, people make common mistakes when it comes to making a will. One of the most common is not having those closest to you aware of your wishes, so they are unable to carry them out. Our experienced legal team at Ball Morse Lowe will help you make sure that your wishes are known and followed. 

Elsewhere, another mistake is not keeping your will up to date. As life changes, so should your will - if you don't review it regularly and update it as needed, you could be leaving your assets and loved ones open to potential issues. For instance, you could get married, have a child, or buy a holiday home. In each situation, your will would need to be updated. With experienced will attorneys in Norman, you will remain up-to-date for every stage of your life. 

What is a Trust? 

Trusts are a legal way to protect your assets and ensure that they pass on according to your wishes. A trust is like a contract between the grantor (the person setting up the trust) and the trustee (the person managing the trust). 

How does a trust work? Trusts work in a few different ways. The most common type is an irrevocable trust - this means that once the grantor has set up and funded the trust, they cannot change it or take back the assets. This type of trust is often used to protect assets for a beneficiary's future. 

Once again, many inexperienced individuals make silly mistakes when it comes to setting up a trust. We can help you avoid this by ensuring that your trust is set up properly and contains all the necessary components. Even if you have no experience at all, you will have a team of professionals behind you to ensure that your future (and the future of your loved ones) is in place. 

What is included in a trust? A trust document contains instructions for how you want your estate to be managed and distributed. This includes: 

• Who will receive your assets and when 
• How the trustee is to manage the trust 
• How taxes are to be paid 
• What the trustee can and cannot do 
• How disputes are to be settled

At Ball Morse Lowe, our knowledgeable trust attorneys in Norman are here to help you set up and maintain your trust. We understand that setting up a trust can be an overwhelming task, but we will guide you through each step of the process and make sure that it is done correctly. 

Will vs Trust - Which Do You Need? 

Deciding whether you need a will or a trust can be difficult. Our wills and trusts lawyers in Norman can help you decide which is best for your situation. Generally, if you have a large estate or complex financial needs, a trust is more suitable. A trust allows you to provide more specific instructions on how your assets should be managed and distributed. 

Wills, on the other hand, are often better suited for those with smaller estates or more straightforward needs. Wills are less expensive and simpler to set up than trusts, so for many individuals, this is the best way to provide for their loved ones. 

Why Contact Ball Morse Lowe? 

We've mentioned our experience, but what truly sets Ball Morse Lowe apart from other estate planning firms is our commitment to client satisfaction. We know that making decisions about your future can be overwhelming, and that's why we're here to guide you every step of the way. Our knowledgeable will attorneys in Norman take pride in providing comprehensive estate planning services that meet every individual's needs. 

If you're in search of wills and trusts lawyers in Norman, then look no further than Ball Morse Lowe. Contact us today at 405.701.5355 for a friendly voice - plan your future and allow experts to think about your tomorrow so you can focus on a happy today!