Union City Oklahoma Estate Planning Lawyer
Death can be a taboo subject for many families, we don’t like to think about what will happen to our families when we pass away.
However, planning for death is integral to their future, and it is important that you have an estate plan designed to protect them when you’re gone.
A Union City estate planning lawyer can advise you on your estate planning options, including how to divide your estate in a way that maximizes benefits for your loved ones, while minimizing tax obligations.
You have worked hard for your assets, and you deserve to be able to pass that legacy down to your family. We will make sure that happens.
No matter what the size of your estate, you can take steps now to secure your family’s future by specifying your wishes for after your death. It may also be important for you to consider things such as who should care for your children, and where, or if, you want to be buried or cremated.
An Oklahoma licensed family law attorney at Cannon & Associates has the skills, experience, and resources necessary to advise you and help create an estate plan that meets your needs and the needs of your family. We are wholly committed to each client and will take the time to understand your situation and work out the best possible solution.
Estate Planning Attorney at Cannon & Associates
John Cannon, a nationally recognized attorney, and our founder is committed to serving his country, his community, and every individual client who agrees to representation from us.
He attended Oklahoma City University School of Law, where he clerked for the Oklahoma Court of Criminal Appeals. Since then he has been awarded the highest possible AVVO rating, 10.0, which is determined by awards, years of experience, client reviews, and more.
Cannon & Associates is a full-service law firm, covering criminal law, civil litigation, real estate law, personal injury, transactional corporate law, and family law matters in Union City, Oklahoma City, and the wider Oklahoma County.
We believe in freedom, and to us, that means that everyone deserves legal counsel when they need it. That is why we offer a free consultation to everyone. So give us a call today at tel:4055913935.
What is Estate Planning in Moore, OK?
An experienced family law attorney at Cannon & Associates can provide the legal services you need to best plan your estate. That means arranging the distribution of your assets after your death in a way that maximizes the wealth your family secures.
It also means making certain arrangements for your death, especially if you have any dependent family members such as young children.
The estate covers all property, which is split into personal property and real property.
Real property includes all real estate, and land, while personal property covers the rest of your property such as household items, vehicles, and bank accounts.
There are various ways to divide your property, and an attorney can help you determine how to divide it to minimize tax obligations, and therefore maximize benefits for your family.
Estate Planning Services
Distributing your assets is just one aspect of estate planning. You may also want to consider filing legal documents to ensure your wishes are adhered to after you die. It may also include establishing trusts, and distributing some of your assets while you are still alive, which may minimize some tax obligations.
Your Union City estate planning attorney will help you determine which legal documents you need to consider to ensure that your wishes are adhered to after you die. You may want to consider factors such as:
- How your retirement plans or IRAs are dealt with.
- Any charitable giving.
- Assigning power of attorney, who will make decisions on your behalf on things such as health care and finances, if you become unable to do so yourself.
- Determining a guardian for any minor children, and an executor for their inheritance.
- Creating trusts for your loved ones.
What Is The Best Way To Divide Property in Union City, OK?
Estate administration involves dividing property in ways that best serve your loved ones. While a will is a primary document for your estate, you can also create trusts or gifts while you are still alive in order to minimize tax obligations. Trusts or gifts have the benefit of avoiding probate, which is a lengthy and costly process that an estate divided into a will is required to undergo.
Our dedicated Union City estate planning attorneys at Cannon & Associates will talk through your options with you, and help you create a plan that best serves the needs of you and your family.
Wills
A will directs important matters after your death, including the distribution of assets, funeral arrangements, and guardians for your children.
You can also assign a power of attorney to handle matters such as your health if you become unable to do so.
A will is a legally binding document that must be witnessed and signed before being filled with the probate court. The probate court where your will was filed will then oversee its execution and step in if there are any estate disputes.
Trusts
Trusts are legal documents that arrange for the transfer of assets between the grantor (the owner) and the trustee (who receives the assets). The grantor can set terms for how the assets are managed, for example, they can be transferred once the grantor has died, or while they are still alive.
Trusts are beneficial for many reasons, but the primary reason why people use them is that they allow for the transfer of assets outside of probate, which is costly.
Probate Union City
Probate is the judicial process where a will is ‘proved’ in Court, which costs time and money. Hiring a Union City estate planning lawyer from Cannon & Associates will ensure that you only pay what you need to and that your family receives the maximum benefits from your estate.
Business and Corporate Law
People who own a business should take extra care to plan their estate. Your business could be your life’s work, something you are going to leave behind to make your family’s lives easier.
However, you need to ensure that you put things in place so that your business is protected after your death.
At Cannon & Associates, our Union City estate planning attorneys will help you determine the most tax-efficient strategy for transferring your business. You need help from a family law firm that understands the laws relevant to your business, and we are here to help.
Why You Need an Estate Planning Attorney
A Union City estate planning lawyer will ensure that all the legal documents are filed properly, on time, and in line with up-to-date legislation. If you try to do it yourself and make mistakes, it will cost you time and money.
Many families wind up losing a lot of their inheritance due to tax obligations and the probate process. This can be devastating for families who may be relying on that inheritance to maintain a home, or maintain a certain standard of living.
At Cannon & Associates, we understand how important it is that your family receives the most benefits from your assets after you’re gone. After all, you worked hard for your wealth, and how you pass that down is part of your legacy. We will ensure that your wishes are followed and that you only pay the tax you need to.
Contact Cannon & Associates Law Firm in Union City, Today
Estate planning can feel overwhelming, and understandably, it can be hard to consider the lives of your family members after your death.
At Cannon & Associates, our estate planning team has over 50 years of combined experience, meaning we understand how to handle your case with the care and consideration it deserves.
When you agree to help from our family law firm, you can rest easy knowing everything is in hand and your family will receive the maximum benefit from your hard-earned estate.
The attorney-client relationship is of the utmost importance to us. We always keep our clients informed and we work with them to formulate a plan that works whilst being in line with the law.
Customer service and high-quality legal aid go hand-in-hand, and we promise both.
Our estate planning lawyers cover Moore, Cleveland, Oklahoma, Logan, Pottawatomie, and Canadian County. Contact our law firm at tel:4055913935 to arrange a free consultation with an Oklahoma family law attorney.