Monthly Archives: April 2020

While many of us will follow adequate safety protocols and avoid coronavirus, some people will contract COVID-19 and will ultimately not survive. To prepare for any path that lies ahead, it is a good idea to plan for the chance of incapacity or death through various estate planning documents including wills, powers of attorney, and other vital documents.  While it is easy to delay estate planning because it requires confronting uncomfortable realities, now is the time to engage in planning for whatever may lie ahead. Remember that even if you feel your assets are not substantial enough, having an estate plan is still critical.  The following will review some critical details to remember about the estate planning process.  Signings are Still Possible During Self-Isolation With most people throughout the country currently practicing self-isolation measures, one of the most critical steps in completing any type of advance directive is locating witnesses for estate plans.  Some people have begun utilizing creative efforts to satisfy this witness requirement including having neighbors watching the signing of estate plans from a distance. People have also participated in “drive-by signings,” during which a person waits inside a vehicle with the windows rolled down as law firm     Read More

The COVID-19 outbreak, as well as economic challenges, have caused many people in Oklahoma to consider how they can create effective estate plans. While uncertain times can make estate planning difficult, some powerful strategies can be utilized to make the most out of estate planning anytime.  To hopefully reduce any anxiety you have about the state of the economy and to help achieve your estate planning goals, the following will review some quick but powerful estate planning tips you should consider utilizing. # 1 - Review Your Investment Portfolio It can be uncomfortable to confront your investment portfolio during this difficult time, but these times offer an excellent opportunity to review your assets and determine whether there are creative strategies to take advantage of the current economic situation. For example, some people are utilizing current low-interest rates to pass assets to beneficiaries. # 2 - Review Your Estate Planning Documents It is not enough to have estate planning documents, you should also periodically review them to make sure that the wishes expressed in these tools are still appropriate. Uncertain economic times have the potential to change various asset management strategies and goals, which is why now is a critical time     Read More