Advice on Turning Your Retirement Plan Into an Estate Plan

Due to the coronavirus pandemic, the country has understandably seen an increase in the number of people creating estate plans. If you feel the need to quickly create or revise the terms of your estate plan, there are easy changes that can be made to turn a retirement plan into a strategy to handle your death or incapacity. Create a Will If you have not yet created a will, it can be challenging to make sure that your will meets all requirements during stay at home restrictions. Oklahoma does not require you to notarize your will to make it legal, but if you want to create a "self-proving" will then you will need to notarize the document.  Wills that are "self-proving" proceed through the probate much more quickly because a court can accept the document without contacting witnesses. It can be challenging to notarize documents during the pandemic, even if you utilize creative methods like self-notarization. Fortunately, a knowledgeable estate planning attorney can make sure that your will is properly written as well as adequately executed and attested. Create a Power of Attorney Power of attorney documents allow a person to designate an individual to act on their behalf if [...]