Moore Oklahoma Estate Planning Lawyer
Most of us don’t really think about what will happen after we die, even less so if we are young and healthy. However, it is important to take steps to ensure your family is cared for when you are gone, especially if you have children or important assets such as real estate.
An estate planning lawyer in Moore, Oklahoma, can help you determine how to divide your estate while minimizing tax and maximizing benefits for your loved ones.
Regardless of the size of your estate, you should take steps to protect your family by specifying your wishes after you pass. You may also want to consider anything else that is important to you, such as who should take care of your children, and what your funeral should look like.
An experienced estate planning attorney at Cannon & Associates can provide trusted legal guidance to ensure asset protection for family members. We are committed to our clients and handle each case with the care and consideration it deserves. Our practice areas cover Moore, Union City, Edmond, and Oklahoma City, OK.
Moore Estate Planning Lawyers at Cannon & Associates
We are spearheaded by a nationally recognized attorney, John Cannon, who is committed to serving both his local community and his country. John Cannon has an AVVO rating of 10.0. This is the highest score possible and is determined by years of experience, awards, client reviews, and more.
The diverse team at Cannon & Associates enables us to take on cases involving family law, personal injury, and criminal defense. Our broad range of skills ensure that we have the resources, experience, and knowledge necessary to navigate your case.
Call us today to arrange a free consultation with a skilled Moore estate planning lawyer. Our practice areas include Moore, Cleveland County, as well as Oklahoma, Canadian, Logan, and Pottawatomie County.
Call Cannon & Associates today at tel:4055913935.
What is Estate Planning in Moore, OK?
Estate planning is a process whereby an individual or a family arranges for the distribution of their assets after death. At Cannon & Associates, our family law lawyers will help you ensure the maximum amount of wealth for beneficiaries while minimizing tax obligations.
Your estate covers all property. both personal and real. Real property covers real estate and land, and personal property covers everything else such as cars, bank accounts, and household items. An estate plan can divide property through different means, to minimize tax obligations.
How is an Estate Divided in Moore, OK?
There are different avenues for dividing an estate, primarily, trusts and wills. Unlike Wills, trusts avoid probate, which is a lengthy and costly process. It may also make sense for you to make gifts while you are still alive, to minimize tax implications.
A Moore estate planning lawyer at Cannon & Associates can go through your options with you and formulate a plan that works for you and your family. We offer a free consultation so we are on hand to answer any questions.
Wills
A will determines how assets are distributed after someone dies. It can also direct other important matters such as the guardian of children and funeral arrangements.
In a will you can also assign an executor of your estate for various purposes, i.e. you may want to withhold assets from young children until they reach a specific age.
It is a legal requirement that a will is witnessed and signed. It must then be filed with the probate court which will oversee its execution and has jurisdiction if there are any disputes.
Trusts
Trusts are legal arrangements for the transfer of assets between the grantor (the owner), and the trustee. The grantor can set the terms for the management of assets, for example, they can become effective once the grantor is dead, or while they are still alive.
Trusts can serve a variety of purposes, but their main benefit is that it allows assets to be transferred outside of probate, which has tax benefits.
Other Estate Planning Services
Apart from disrupting your assets, there are other good reasons to enlist the help of an estate planning lawyer. They can help you file legal documents to ensure that your wishes are adhered to after you die. You may want to consider things such as:
- Assigning a guardian for your children, and an executor for their inheritance.
- Assigning a power of attorney who will have control over your health care and finances, if you are unable to do so yourself.
- The treatment of IRAs and retirement plans.
- Establishing charitable giving.
Contact a Moore Estate Planning Attorney Today
At Cannon & Associates, we understand how to ensure that your family receives the most from your assets after you die. You have worked hard for your wealth, and you deserve to be able to distribute it as you wish. We will help you minimize tax implications and ensure that your wishes are followed.
A Moore estate attorney will also ensure that all legal documents are properly filed, in line with up-to-date legislation. If you try to do it yourself and make mistakes, it can cost you time and money.
Probate Matters
Probate is a lengthy and expensive legal process. Having an estate planning attorney from Cannon & Associates on your side will ensure that you only pay what you need to. They will advise you on how to distribute your assets while minimizing costs.
Business Law
If you own a business, then it is important that is looked after when you are gone. You worked hard to build it, and you may also want to make sure that your family can continue to benefit from it.
At Cannon & Associates, we can help you figure out the most tax-efficient strategy for transferring your business. As a business owner, it is essential that you seek legal aid from a law firm that understands the specific laws relevant to your estate.
Contact Cannon & Associates Law Firm in Moore Oklahoma, Today
At Cannon & Associates, we are proud of our esteemed team. Take one of our attorneys, Erick W. Harris, for example, Erick attended Oklahoma college of law and has a master’s degree in public administration. He has been providing trusted legal guidance for many years.
Estate planning can feel overwhelming, especially if you have large assets to distribute. We understand that you have worked hard for your assets and we will help you ensure that your family benefits from them.
With our help, you can rest easy, knowing that your estate is in safe hands and that the benefit to your loved ones is maximized.
The attorney-client relationship is of the utmost importance to us, we pride ourselves on keeping our clients informed, and ensuring that they feel confident throughout their Moore estate planning.
Call our family law firm at tel:4055913935 for a free consultation with an Oklahoma estate planning attorney today.