Just like one tool is not best for all jobs, we have different legal documents available to do different jobs. Knowing which tool, or combination of tools to use is where it is important to obtain competent legal representation.
Some of the tools in an estate planning toolbox include:
- Directive to Physicians
- Power of Attorney
- Transfer-On-Death Deed
- Payable on Death / Transfer on Death
- Joint Tenancy
- Life Insurance
- Retirement Accounts / IRA beneficiaries
- Organizational Documents
This article was written 1/20/2015 by Todd Willhoite, probate attorney in Claremore, specifically for the Oklahoma jurisdiction. A different result may occur in a different jurisdiction and the law does change, so it is important to seek competent legal and tax advice from professionals before acting on anything written in this article. Abby Law Offices Inc is a law office that handles probate law in Claremore, Oklahoma.