As an Estate Planning Attorney, I know that each individual and family is unique. That is why we take time at the beginning of each relationship to sit down and visit with you regarding your goals and dreams. In this podcast, attorney Stephen Cortes covers estate planning, probate, and trust administration. Serious topics with a little fun thrown in...
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Cortes Law Firm
5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
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What is a revocable living trust?
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Millionaires Do Not Do this
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As estate planning lawyers, we like to work with our clients on an individual basis. Estate planning, like you have heard me say, many times before is not always just about what happens after you pass away. I think the most important part of estate planning is what happens to you, dear, in your lifetime. If you were to become incapacitated right now, what plan do you have in place to take care of you?
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5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
405-213-0856
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Just Start your estate plan
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5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
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Best Advice if you already have an estate plan
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Can the executor of a will be a beneficiary?
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Can a family member be a witness to a will?
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5801 Broadway Extension Hwy Suite 110
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Does a hand written will hold up in court?
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5801 Broadway Extension Hwy Suite 110
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How many copies of a will should be signed?
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Does a will have to be notarized
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5801 Broadway Extension Hwy Suite 110
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Do all wills have to be probated
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5801 Broadway Extension Hwy Suite 110
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Can a bank release funds without probate?
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5801 Broadway Extension Hwy Suite 110
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How do you avoid probate?
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5801 Broadway Extension Hwy Suite 110
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What type of estate planning do I need?
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5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
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What are the four important estate planning factors?
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5801 Broadway Extension Hwy Suite 110
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What is meant by estate planning
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5801 Broadway Extension Hwy Suite 110
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What are the five components of estate planning
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5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
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Estate Planning Questions People Also Ask on Google
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5801 Broadway Extension Hwy Suite 110
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Mom does not want to live with you
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5801 Broadway Extension Hwy Suite 110
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Who can be my executor? Anybody can be your executor as long as they mee the specific qualifications which can be different depending on your jurisdiction.
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5801 Broadway Extension Hwy Suite 110
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What are 3 reasons a person might want to avoid the probate process
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5801 Broadway Extension Hwy Suite 110
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How long does probate usually take
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5801 Broadway Extension Hwy Suite 110
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How do you avoid probate
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5801 Broadway Extension Hwy Suite 110
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how do you probate a will without a lawyer
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5801 Broadway Extension Hwy Suite 110
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Why is it good to avoid probate?
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5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
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Cortes Law Firm
5801 Broadway Extension Hwy Suite 110
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405-213-0856
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I know that question sounds funny, but that's the specific question from Google. Who pays for will probate? That is a great question because everybody wants to know how much it's going to cost them out of their own pocket to probate their mother or father's last will and testament.
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5801 Broadway Extension Hwy Suite 110
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How much does probate cost? It might surprise people that a probate can cost serval thousands of dollars.
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5801 Broadway Extension Hwy Suite 110
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Can executors get paid? If you are an executor make sure you do not get short changed for all the work you do.
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Cortes Law Firm
5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
405-213-0856
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5801 Broadway Extension Hwy Suite 110
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405-213-0856
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What is the average cost of making a will? While there are many alternatives available, you might be surprised at the true cost of a last will and testament.
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Cortes Law Firm
5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
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How much does it cost to execute a will? The better question is what is the real cost of trying to do things on your own. It might be worth it.
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Cortes Law Firm
5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
405-213-0856
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Mom Said Her Estate Would Be Split Evenly. Unfortunately, we see this on a daily basis. A parent put one child in charge with instructions to split her Estate evenly. When the time comes said child takes the vacation of a lifetime.
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5801 Broadway Extension Hwy Suite 110
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2022 Estate Planning New Year New Estate Plan. Everyone is talking about resolutions, but the new year really is a great time to work on your estate planning. You have just seen the whole family, most likely, and have a better idea of where everyone is in their life. With that information, now is a great time to plan for your future.
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Avoid sending your family through the probate process because you failed to properly fund your revocable living trust centered estate plan. You've heard me talk in many, many videos on how important it is to fund your trust.
What does it mean to exactly fund your trust?
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5801 Broadway Extension Hwy Suite 110
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Is it Okay to Choose Siblings as Trustees? Will your brother or sister follow the instructions in your Estate Plan? It's critical to select a replacement "Successor" trustee. Sometimes we don't want to create unpleasant emotions with our children, so many people choose a brother or sister as Successor Trustee instead. The issue is that as you grow older, so does your brother or sister.
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5801 Broadway Extension Hwy Suite 110
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If you own a vacation home, you may want to consider putting it into a trust. This can help avoid probate, especially if the property is located in another state.
A revocable living trust is a good option for vacation homes because it allows you to retain control of the property while also avoiding probate. You can also name successor trustees who will manage the property after your death. This can be helpful if you want to ensure that the property is passed down to your heirs according to your wishes.
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5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
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Guardianship Process for adult children and parents to get them the care they deserve. Guardianship is basically a living probate. The probate process and guardianship process are very similar. The problem with a guardianship is the Ward (your loved one) is still alive. This makes a guardianship very emotional and often pits family members against each other - all wanting what is best for their loved one.
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5801 Broadway Extension Hwy Suite 110
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Lady Gaga Dog Walker shot and her french bull dogs stolen. The dog walker is doing better, and Lady Gaga's french bull dogs have been returned. As dog lovers we are so happy for thier return. Not everyone is as lucky as Lady Gaga or the dog walker. Today, we discuss 6 things you can do to protect you and your furry friends.
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5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
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Probate Process from Start to Finish and it is not as easy as you might think. The probate process varies from state to state, but from start to finish it generally takes six to nine months. If heirs get along, then the probate process will usually be quicker. However, the second that the family starts fighting the cost goes up and the probate process takes longer.
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Estate Planning for Dummies https://amzn.to/2NNXak7
Aging in the Right Place https://amzn.to/2ZvYavY
Estate Planning Basics Ninth Edition https://amzn.to/3s5ZJgm
Estate & Trust Administration For Dummies https://amzn.to/3dvLpcZ
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5801 Broadway Extension Hwy Suite 110
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free estate planning advice to get your started in the right direction. Talking about estate planning can be difficult and many are afraid to ask for advice. Today, we have free advice to anyone thinking about their estate planning. It is never too early or too late to get advice on estate planning and probate. The more planning you can do the easier it will be on you and your family. Watch our top 3 free advice on estate planning.
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Estate Planning for Dummies https://amzn.to/2NNXak7
Aging in the Right Place https://amzn.to/2ZvYavY
Estate Planning Basics Ninth Edition https://amzn.to/3s5ZJgm
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5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
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Britney Spears Conservatorship and what you can learn for your estate plan. The latest Britney Spears documentary and the Free Britney movement are shining a light on conservatorship and guardianship issues that everyone should know about. Protect yourself and your family from a conservatorship by having a revocable trust-centered estate plan. Otherwise, like Britney Spears, you could end up without control over your financial and personal life.
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5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
405-213-0856
Capital Gains Tax on Estate you need to know before you sell that real estate. In our last two videos we talked about the 2021 federal estate tax exemption and how the repeal of the stepped up could negatively impact your estate, by subjecting millions of Americans to a capital gains tax on estates of their loved ones. Today, we give a simple explanation of the capital gains tax.
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5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
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Probate Last Will is required despite what most people think. People think that they do not need to Probate a last will. In almost all cases if your loved one has a last will and testament, then their estate will need to go through the probate process. A last will gives the court guidance on how to distribute assets, but it does not mean you will not need to probate their last will.
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5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
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Biden Estate Tax Plan could repeal the stepped-up basis and You pay Capital Gains. There was talk during the transition that the federal estate tax exemption could be decreased to around $6 million per person with an increase in the Estate tax from 40% to 45%. That will affect very few taxpayers. The bigger worry is the possible repeal of the stepped up basis, which would require Americans to pay significant capital gains on assets they already own
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5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
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Biden Estate Tax Plan could increase the estate tax but it might not matter to you. There was talk during the transition that the federal estate tax exemption could be decreased to around $6 million per person with an increase in the Estate tax from 40% to 45%.
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5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
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federal estate tax exemption 2021 number you need to know for your Estate Plan. The federal estate tax exemption has increased again this year with inflation. The federal gift tax exemption remains the same. While very few people need to worry about the federal estate tax, most all American can take advantage of the 2021 gift tax exemption.
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5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
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10 Estate planning statistics that should convince you to get an Estate Plan. A lot of people do not like talking about Estate planning. I think the big misconception is that folks think it is just for after death. However, the most important thing about estate planning is what YOU want to happen during your lifetime.
Credit to the Advance Capital management blog for some of these statistics.
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5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
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Estate Planning issues for blended families that you must consider before saying I Do. If you are about to start the Brady bunch, then you need to consider your estate planning and prenuptial agreements before saying yes at the alter. We are seeing more and more blended families needing estate planning. Especially, if you want your kids to have your assets, then it better be in writing in the event of divorce or death.
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5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
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Estate planning unmarried couples must have to protect each other. We are seeing more and more unmarried couples that absolutely love each other, but just can't tie the knot. Unmarried couples need estate planning just as much as married couples, and probably even more. Unmarried couple usually have children from other relationships and while they want to take care of thier significant other, they also want to provide for their individual children. This can present interesting estate planning for unmarried couples.
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5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
405-213-0856
Estate planning trust no one child to do the right thing with your assets. Trust no one to carry out your wishes. The child you trust to do the right might have a change of heart or life changes that force them to keep all of your assets to themselves. If your Trust or Last Will gives everything to one child, then it is their property to with what they want. Even if they promised to distribute to other heirs, they are most likely under no legal obligation to do the right this.
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5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
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Estate planning questionnaire and guardianship avoidance should be a main goal estate planning goal for everyone. Estate planning is not just what happens after during probate. We should all be planning for what could happen during our lives such avoiding guardianship. As baby boomers are getting older we are seeing more and more guardianship matters that could have been avoided with proper estate planning.
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5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
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Prenuptial agreement for blended families and why they are so important to protect you and your kids. With 70% of second marriages ending in divorce, blended families need to protect each family with a prenuptial agreement and proper estate planning before they say "I do".
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5801 Broadway Extension Hwy Suite 110
Oklahoma City, OK, 73118
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Avoid probate by funding the revocable trust and keep assets and family out of Probate Court. By funding your revocable trust properly you can avoid probate and adult guardianship proceedings, which are really just living probate.
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5801 Broadway Extension Hwy Suite 110
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Protect inheritance from son-in-law and daughter-in-law so that it goes to your kids and grandkids. It's not necessarily because my clients do not like their son in law or their daughter in law, which is entirely possible, it could be just that they're afraid that once they get a lump sum of money, that you have worked your entire life to accumulate, that they are gonna blow it on something frivolous as soon as they receive it.
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5801 Broadway Extension Hwy Suite 110
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Estate planning for surgery to protect yourself and family just in case. If you have an upcoming surgery and no estate plan, then it is time to get your estate planning done before the surgery. Most law firms will work with you if you tell them about an upcoming surgery. Don't leave things to chance - get your estate planning done and avoid probate or lengthly guardianship challenges.
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5801 Broadway Extension Hwy Suite 110
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How to Transfer Property into Trust without unnecessary cost and delay to your estate? The only way to transfer real estate is by deed or probate. If you forget to put your house into trust, then your heirs will spend thousands of dollars to transfer the property into trust. Transfer property into trust right the first time.
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5801 Broadway Extension Hwy Suite 110
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100 estate planning videos to get your started in the right direction. Thanks to all of you we have made 100 estate planning videos, and the message is still the same - estate planning is for everyone. Our videos cover a broad range of estate planning question, but please leave a comments if there is a topic you think we should cover.
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I have no one to leave my estate to because I have no children. More and more Americans have no children. Today, millions of Americans have never been married and have no one to leave their estate to. It means childless people better have a plan in place for not only their assets, but for their wellbeing, in the event, you get sick or become incapacitated.
If you have no one to leave your estate to, then you need to think about it and make a plan for your estate.
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RECOMMENDED READING:
Estate Planning for Dummies https://amzn.to/2TXfgBy
Aging in the Right Place https://amzn.to/2ROVPYH
Estate Planning Basics Ninth Edition https://amzn.to/2RoZcqr
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5801 Broadway Extension Hwy Suite 110
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I have no one to leave my estate to because I am single or have no children. More and more Americans are starying single. Today, over 60 percent of single people have never been married and have no one to leave their estate to. It means single people better have a plan in place for not only their assets, but for their wellbeing in the event you get sick or become incapacitated.
If you have no one to leave your estate to, then you need to think about it and make a plan for your estate.
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5801 Broadway Extension Hwy Suite 110
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Safe Deposit Box Opening is Not as Easy as You Think to open when documents inside are needed. Most estate planning attorneys could tell you a dozen stories of safe deposit box nightmares. They are simply not as easy as you think to open when needed.
Amazon Document Safe: https://amzn.to/3bTT29y
New York TImes article: https://www.nytimes.com/2019/07/19/business/safe-deposit-box-theft.html
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5801 Broadway Extension Hwy Suite 110
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These are the Essential Legal Documents for Adult Child, whether they are at University or still living at home. Once they become legally an adult, the medical professional can NOT talk to you.
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5801 Broadway Extension Hwy Suite 110
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Money Owed to You, Partnership Interests, Business Interests in Your Revocable Trust
More discussion on Medical documents you need RIGHT NOW!
Estate Planning Q&A Live Session from Your Questions
LIVE STREAM March 21, 2020. Your Questions Answered
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FREE PROBATE GUIDE https://corteslawfirm.com/oklahoma-probate/
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RECOMMENDED READING:
Estate Planning for Dummies https://amzn.to/2TXfgBy
Aging in the Right Place https://amzn.to/2ROVPYH
Estate Planning Basics Ninth Edition https://amzn.to/2RoZcqr
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5801 Broadway Extension Hwy Suite 110
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Update Medical Power of Attorney and Check Your Designations. It is more important than ever to make certain your essential health care documents are current, including your power of attorney designees for healtcare decisions.
FREE Estate Planning Guide.
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5801 Broadway Extension Hwy Suite 110
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Pros and Cons of Probate might not be what you expect. Most people who go probate a loved one's estate will usually look for a better option for themselves.
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or FREE Estate Planning Strategies Guide
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5801 Broadway Extension Hwy Suite 110
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Types of Probate that you need to know for your Estate Plan.
LIVE STREAM February 29, 2020. Probate can be a long and expensive process. In today's live stream we discuss the ins and outs of probate.
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A Durable Power of Attorney is an important piece of your Estate Plan. You might be surprised to learn when a Power of Attorney is no longer effective.
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Unmarried couples Estate Planning. Unmarried couples need to take extra steps to protect themselves and their partner.
In this video, attorney Steve Cortes discusses 3 Tips Unmarried Couples should consider in their estate plan.
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Who needs an Estate Plan? If you are reading this, then you need an estate plan. Everyone, age 18 and older, needs an estate plan. It doesn't matter if you're old or young, if you've built up considerable wealth or if you're just starting out, you need a written plan to keep you in control and to protect yourself and those that you love.
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Today we're gonna discuss the difference between having a last will and not having a will.
So what's the difference between having a will and not having a will? And this question is really a lot more complicated than just a yes or no answer, because if you don't have an estate plan then nobody knows what to do during your lifetime if you were to become incapacitated and not be able to make decisions for yourself.
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