Anyone who has been reading this blog for a while knows that wills are important components of estate planning. While knowing this fact is important, it is also important for everyone to understand why wills are important and how to make a proper will. For readers in Oklahoma, getting answers to all their questions is a vital step in the process of making a will.
By now, Oklahoma readers of this blog should realize that there isn't any one-size-fits-all estate plan. Your assets, your liabilities, the mental capacity of your heirs, the physical capacity of your heirs and your wishes are all considerations that play a part in the way you set up your estate plan. On top of all these, you also have to consider your desires for your end-of-life care.
It is no secret that every adult needs to have a will so their estate can be handled easily when they pass away. For adults who have minor children, avoiding estate planning might be the easy way out since they will have to choose a guardian for their child. Even for parents of adult children, estate planning might seem complex if those adult children have disabilities.
When you make an estate plan, you probably think about trusts, wills and other estate planning documents. But, have you ever thought about how the estate administration aspect of your estate will go? Have you ever looked into how the estate administrator or estate executor is chosen? Learning about these aspects of how your estate is handled might help you to make the best decisions about your estate.