Estate Planning Basics as Children Head Back to School During the Pandemic
Oklahoma public schools are poised to return on August 10th. Understandably, going back to school during the COVID-19 pandemic has given many people time to think about the strengths and weaknesses of the system. Even if you work somewhere other than a school or hospital, back to school is one of the best times of the year to make sure that everything in your house is in order, including your estate plan. Why You Need an Estate Plan While many people think of wills when they think of estate planning, there are many other critical documents that a person should utilize to plan for death or incapacity. While it is a great first step to write these documents, it is just as good an idea to continuously revisit these documents after they are created to make sure that they still reflect your intentions. Other Documents to Consider Including in Your Estate Plan Besides a will, some of the other valuable documents that you should consider utilizing as a part of your estate plan include: Trusts: There are many kinds of trusts that can be utilized to achieve various purposes. Most trusts involve a designated individual [...]