Edmond Estate Planning Attorneys
Making Sure You and Your Loved Ones Have a Plan Through Estate Planning
Proactive estate planning is an act of responsibility and love. It represents your willingness to build a plan for your loved ones’ futures, sparing them the trials of probate disputes, and preparing for every financial and medical eventuality possible.
Many falsely assume estate planning starts and ends with a last will and testament, but the truth is estate planning encompasses numerous types of documents, all of which work in concert to preserve your interests both while you are alive and after you pass away. As a Wealth Counsel Member Firm, our Edmond estate planning lawyers at Gossen and Schaller, PLLC are uniquely qualified to optimize estate planning documents to better protect your assets, both now and in the future.
About Our Estate Planning Services
Our firm’s goal is to make the process as easy and cost-efficient as possible. We can walk you through the legal options relevant to your situation and goals, draft new documents or review or modify existing ones, advise on best practices and strategies, and even serve as your estate’s administrator. We have handled estate plans of all sizes and complexities in all sorts of scenarios, and we are confident we can work with you to craft an estate plan that gives you the peace of mind you and your loved ones deserve.
Our Edmond estate planning lawyers can help you in all areas of your estate planning, including:
- Trust Administration. If you already have or are interested in creating a trust, you will need to appoint someone as trustee. Many consider appointing a family member or a close friend, but administrating a trust is a tremendous responsibility that can be difficult to carry out without experience and time. Professional trustee administration services can give your trust the unbiased, honest, and knowledgeable management it needs. We are able to both serve as your trustee, lending our years of experience to your trust, as well as advise you if you have been named a trustee.
- Special Needs Trusts. If your loved one has special needs, you may be concerned about their financial security and long-term care, especially after you pass away. Though the government does offer relief through programs like Supplemental Security Income (SSI), these benefits are means-tested and often not substantial enough to cover the entirety of an individual’s medical costs and living expenses. We can help you explore a special needs trust, which enables you to protect financial and other types of assets for the beneficiary without jeopardizing means-tested government benefits.
- Trusts and Wills. Drafting a last will and testament or a revocable living trust gives you the ability to designate who receives your property after you die. A will also lets you name a guardian for any minor children, while a revocable living trust allows you shield many or even all of your assets from probate. We can help review your situation and advise you on how to properly draft wills and trusts to optimize your estate plan and make sure your property is preserved after you pass away.
- Powers of Attorney. Oklahoma recognizes several types of powers of attorney, which allow you to appoint a trusted individual or individuals to make decisions on your behalf, under the scope you define, should you become incapacitated. This can be a powerful tool for both those growing older and those who are otherwise healthy, as you never know when a sudden injury or illness might render you unable to advocate for yourself. We can help you draft powers of attorney documents and advise on who might make sense to appoint.
- Probate. When someone passes away, their estate will go through some level of “probate,” in which their heirs are contacted, last wishes (in the form of a last will and testament) are evaluated, and property is thusly divided amongst beneficiaries. Unfortunately, probate can become a protracted procedure, particularly when heirs dispute the contents or validity of a will and fight for what they believe they are owed of the deceased’s property. We can advise on how to proactively avoid the most frustrating consequences of probate entirely as well as represent you in any probate-related litigation.
“This law firm is outstanding!”- Matthew Mitchell
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