The Tulsa, Oklahoma, law firm of Barrow & Grimm, P.C. assist clients in maintaining privacy and control of their estates while minimizing or eliminating estate taxes and avoiding probate. Our attorneys customize estate plans that utilize one or more of the following: revocable living trusts (for single and married couples), QTIP trusts, pour-over wills, powers of attorney, advance health care directives, special needs trusts, life insurance trusts, family limited partnerships, limited liability companies, charitable remainder and charitable lead trusts.
WHAT IS ESTATE PLANNING? Estate planning is planning for the future. It is a way for you to make decisions about yourself and your assets instead of leaving those decisions to someone else. A proper estate plan should ensure that you (1) make your own decisions concerning your future; (2) decide how your property is to be distributed, and (3) minimize or eliminate estate taxes, court interference, publicity, delays and expenses of probate. A proper estate plan will:
Provide instructions for your care in the event you become incapacitated or disabled;
Provide security and protection for your loved ones;
Provide control and management of your assets during your lifetime;
Provide explicit instructions as to how your assets are to be utilized and distributed after your death;
Provide privacy and confidentiality of your financial affairs after your death;
Avoid the costs and delays associated with probate;
Minimize or eliminate any estate tax liability;
Become effective even if you move to or own property in another state.
Many people mistakenly believe estate planning only applies to wealthy individuals. Regardless of the size of your estate, failure to properly plan for the future allows important decisions to be made by a court, or other court appointed person should you become incapacitated or disabled. These personal and private decisions include the management and distribution of your assets. These are decisions you can and should make. Planning for larger estates also helps minimize or eliminate estate tax liability and creates wealth preservation. The experienced and qualified estate planning attorneys of Barrow & Grimm can accomplish this.
The law office of Barrow & Grimm, P.C. located in Tulsa, Oklahoma, is here for all your estate planning needs. Our attorneys have over 400 years of collective legal experience providing legal representation on business law, estate planning, and tax law matters. We represent clients throughout Oklahoma. Contact us today to schedule an appointment with one of our lawyers or to learn more about estate planning.
The cost of having a finely tuned estate plan is relatively small in comparison to the cost of not being prepared. Call us today to schedule an appointment with our Tulsa, Oklahoma, estate planning attorneys.