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Legacy Legal Center
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Here’s What You Need to Know About a Will: You Need One A will is the cornerstone of estate planning. It reflects your wishes for the distribution of your assets, must comply with your state’s laws and helps your family after you have died. Despite its importance and the inevitable... Continue reading
Posted Feb 1, 2019 at Oklahoma City Estate & Tax Planning
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A Real Hawaiian Princess and the Attorney General Who Ruled Against Her In the real-life story of a Hawaiian princess, a judge is pushing back against her wish to change a trust to benefit her wife. There are issues over capacity and validity of the trust, and the proposed future... Continue reading
Posted Jan 31, 2019 at Oklahoma City Estate & Tax Planning
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How Aware is Your State About End-of-Life Issues? Knowing that talking about end-of-life-care is important and doing anything with the information are two different things. The problem is, if your kids know what you want but you don’t have it written down in a legal document, your wishes may not... Continue reading
Posted Jan 30, 2019 at Oklahoma City Estate & Tax Planning
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Vulnerable Elderly Pack Las Vegas Courtroom to See Abuser Get Justice They were tormented, robbed and had their spirits broken, all by one woman who was a professional guardian and took every possible advantage of her position. There were relatives of people who had died while under her care and... Continue reading
Posted Jan 29, 2019 at Oklahoma City Estate & Tax Planning
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How Prepared Are You for This Retirement Health Cost? Long-Term Care insurance is the insurance that no one wants to consider, but when you need it, you’ll be glad to have it. LTC protects your health and your retirement savings. Most people receive Long-Term Care (LTC) insurance as part of... Continue reading
Posted Jan 28, 2019 at Oklahoma City Estate & Tax Planning
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Are Gig Workers Eligible for Disability Insurance? Contract workers enjoy flexibility. However, if they can’t work because of an illness or an injury, they don’t get paid. Employees usually have long-term disability insurance in their benefits package. However, what about the gig worker? Not having company-sponsored health or disability insurance... Continue reading
Posted Jan 11, 2019 at Oklahoma City Estate & Tax Planning
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What’s a Good Gift for Someone Who Gives So Much to Others? The family caregiver is often overlooked, because by their nature they are giving souls. However, you can give a thoughtful gift to show your appreciation. You’re just now catching your breathe—so much rushing about for the holidays! However,... Continue reading
Posted Jan 10, 2019 at Oklahoma City Estate & Tax Planning
What Does Your Magic 8 Ball Say About 2019? The last quarter of 2018 has been quite a dizzying ride, with headlines rattling even the most optimistic of us. Let’s take a look at the coming year’s hot topics. It’s that time of year, when New Year’s resolutions and predictions... Continue reading
Posted Jan 9, 2019 at Oklahoma City Estate & Tax Planning
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My Millennial Kids Don’t Get Estate Planning. How Can I Help Them? Ask almost any millennial if they’ve thought about estate planning or having a will, and chances are they’ll tell you they don’t need it, don’t want it and can get it online. Boomer parents of millennials are trying... Continue reading
Posted Jan 8, 2019 at Oklahoma City Estate & Tax Planning
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Charitable Giving Throughout the Year Lots of checks get written on December 31, when people accustomed to supporting charitable organizations make their annual donation. However, giving can be part of an effective tax and estate plan throughout the year. Did you know that summer is actually the hardest time of... Continue reading
Posted Jan 7, 2019 at Oklahoma City Estate & Tax Planning
Media Mogul Needs a Guardian, Says Grandson At 95, Sumner Redstone is still alive and at the center of several court battles. His grandson has asked the court to appoint a guardian ad litem, believing that this will insure the integrity of legal proceedings. Tyler Korff says that his grandfather... Continue reading
Posted Jan 4, 2019 at Oklahoma City Estate & Tax Planning
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Millennials Need Estate Planning Too It’s a common response to a concerned parent: the millennial says they don’t need an estate plan. After all, they are young, and life is long. However, as older people know, unexpected events happen. It was about a year ago that a tragic shooting took... Continue reading
Posted Jan 3, 2019 at Oklahoma City Estate & Tax Planning
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Will You Risk Dying Without a Will? Your assets and your legacy may not be what you had wanted. Your loved ones won’t be able to do much about it. That’s probably not how you want to be remembered. One of many reasons to have a will, is the ability... Continue reading
Posted Jan 2, 2019 at Oklahoma City Estate & Tax Planning
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Is Your Retirement Plan Missing a Critical Piece? People spend decades saving, tracking their account, and hoping they have enough money for their retirement. However, there’s often a missing piece—sometimes more than one! How is your retirement planning going? No, we aren’t asking about your retirement accounts, although those are... Continue reading
Posted Dec 21, 2018 at Oklahoma City Estate & Tax Planning
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How Does Medicare Differ from Medicaid? Millions of Americans have access to healthcare services, because of one of these two programs. Their names are similar, but they serve different functions. Maybe people get confused because the first six letters of both Medicare and Medicaid are identical. But they are very... Continue reading
Posted Dec 20, 2018 at Oklahoma City Estate & Tax Planning
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Celebrities’ Larger Than Life Estate Snafus Who doesn’t love to learn about the inner lives of celebrities? We live vicariously through articles devoted to the rich and famous. However, when they die and leave a mess behind, we should pay attention to what they did wrong. In the article “Yes,... Continue reading
Posted Dec 19, 2018 at Oklahoma City Estate & Tax Planning
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The Role of Life Insurance In Your Family’s Future The real question isn’t if you need life insurance. The question is, what type of insurance do you need. Life insurance is one of those things that you need, the minute you have a spouse or children who count on your... Continue reading
Posted Dec 18, 2018 at Oklahoma City Estate & Tax Planning
What You Need to Know About Nursing Homes Nursing home residents are vulnerable. To protect a loved one who lives in a nursing home, you’ll need to know what the facilities are and are not permitted to do, and what actions to take, if necessary. A nursing home is defined... Continue reading
Posted Dec 17, 2018 at Oklahoma City Estate & Tax Planning
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2019 Brings Higher Estate and Gift Tax Limits The official estate and gift tax limits for 2019 were announced by the IRS. The news for high-net worth families is good. The estate and gift tax exemption will be $11.4 million per individual and $22.8 million for married couples. There will... Continue reading
Posted Dec 14, 2018 at Oklahoma City Estate & Tax Planning
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Why You Need Disability Insurance No one wants to believe that they could get hurt or become so sick that they could not work. However, the truth is, this happens to many people. Disability insurance is part of a healthy financial plan. According to the Social Security Administration, as many... Continue reading
Posted Dec 13, 2018 at Oklahoma City Estate & Tax Planning
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What About a Transfer on Death Designation for Investment Accounts? There is no end to the ways that people try to come up with ways to transfer their assets. The problem is, even if you technically can try this strategy, it may not work out the way you want. Accounts... Continue reading
Posted Dec 12, 2018 at Oklahoma City Estate & Tax Planning
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Will a Joint Bank Account with My Child Solve a Problem or Create One? It seems like a simple answer: putting a child’s name on bank accounts, so they can access money, if needed, in an emergency or in the case of incapacity. There are some pitfalls to this strategy.... Continue reading
Posted Dec 11, 2018 at Oklahoma City Estate & Tax Planning
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How Do I Give My Car to My Heirs? The rules are a little different, if you are passing down a collectible car versus your daily driver. There are a few steps you’ll need to follow. Despite the affection some car owners lavish on their vehicles, as far as the... Continue reading
Posted Dec 10, 2018 at Oklahoma City Estate & Tax Planning
Do You Still Have U.S. Savings Bonds? Back in the day, U.S. Savings Bonds were a great way to celebrate milestones, like the birth of a child or a wedding. If you still have any savings bonds sitting in a file or buried deep in the back of your safe... Continue reading
Posted Nov 30, 2018 at Oklahoma City Estate & Tax Planning
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Unexpected Characteristics of Dementia With more than 5.7 million Americans living with Alzheimer’s disease, you’d think we would know that Alzheimer’s and other forms of dementia lead to far more than just memory loss. The typical picture of an Alzheimer’s patient, or someone suffering from any form of dementia, is... Continue reading
Posted Nov 29, 2018 at Oklahoma City Estate & Tax Planning