OKLAHOMA’S DNR

Have you thought about what would happen if you became terminally ill, brain dead or subject to a long term disease that rendered you unable to speak or make your decisions about medical care? Would you want a feeding tube … Continue reading →

JOINT TENANCY OR TRANSFER ON DEATH DEED

Are you or any of your family members owners as joint tenants with right of survivorship? It’s a convenient deed. Avoiding probate for the survivor. But it can definitely cause some problems down the road. The story (which is fictional … Continue reading →

Self-Settled Trusts Approved

Do you or a loved one have a trust. Do you have numerous people listed as trustees on your trust? On March 31, 2009 the Supreme Court approved self-settled trusts in Oklahoma. According to 2009 OK 20, 206 P. 3d … Continue reading →

MEDICAID PENALIZES THE TRANSFER OF RESOURCES

The transfer of assets without consideration is a Medicaid Secret. It is usually penalized as a disallowed transfer of assets under Medicaid. The goal of Medicaid planning is how to protect assets by a transfer of assets.  Getting too close … Continue reading →

PLAN YOUR ESTATE

Does a loved one of yours have an estate plan? Have you thought to yourself that you need one. Are you wondering where to start or how to set one up.  Do you want to avoid probate? Estate planning is … Continue reading →

JOINT OWNERSHIP OR A LIVING TRUST. EACH AVOIDS PROBATE. WHICH IS BETTER?

Joint Ownership is not as useful as a Living Trust. In fact it can be dangerous to your financial security and to the inheritance you may hope to leave. Joint ownership becomes especially dangerous when there is a second marriage, … Continue reading →