Estate Planning

Your Future Is In Caring Hands

A common assumption is that estate planning is only for those who are either ready to retire or have significant wealth to manage and eventually distribute. The truth is that nearly every adult can benefit from a solid estate plan regardless of age, income, or personal net worth. Whether you are a couple just starting out or a business owner about to retire, Hensley Legal Services, PLLC, will put together an estate plan that protects you, your wealth, and your legacy.

Wills

Without a validly executed will, your estate will be passed on to your heirs in accordance with Oklahoma’s laws of intestate succession. This could result in family disputes and your property being distributed in ways you never intended. With a will, you can:

  • Ensure that your property is passed on according to your wishes
  • Name a legal guardian for any minor children
  • Appoint a Personal Representative
  • Support favorite charities or causes

Creating a will is literally one of the best ways to take care of your loved ones when you are no longer able to do so or after you pass. We can prepare a legally valid document that reflects your current wishes and update it as your circumstances change.

Trusts

Trusts are an effective way to preserve your assets. They allow you to reduce and even potentially eliminate state and federal estate taxes, help your beneficiaries limit the often-significant costs of probate, and enable you to qualify for Medicaid when you need it. Examples include:

  • Living trusts
  • Revocable and irrevocable trusts
  • Asset protection trusts
  • Special needs trusts
  • Charitable remainder trusts

The estate planning team at Hensley Legal Services can prepare and administer trusts that meet your future goals.

Probate

After you pass away, your property and assets must be dealt with and your estate settled, regardless of whether or not you left a will. This process can be complicated and require considerable knowledge and an insider’s understanding of Oklahoma estate law, which is why Hensley Legal Services, PLLC, offers probate administration services to properly and respectfully settle your estate.

We will:

  • Carry out an inventory and appraisal of all assets
  • Pay any debts you owed
  • Collect all outstanding benefits and financial obligations owed to you
  • Notify your beneficiaries of how the assets will be distributed
  • Settle disputes about your will

Although many of these duties are technically the responsibility of your executor, we can minimize any confusion or stress they experience while carrying out your final wishes.

Basic Estate Planning Package for Couples

Hensley Legal Services, PLLC offers couples a basic estate planning package that includes the following:

 

  • Wills: We offer individual and joint will services

 

  • Living Wills: Allow you to indicate what medical treatment you do and do not want in specific situations should you be unable to communicate your wishes. A living will also designates who may make medical decisions on your behalf (e.g. your spouse) in the event you cannot do so yourself.
  • Durable Power of Attorney: Enables you to authorize your spouse to make all medical decisions for you except for end-of-life decisions (which require a living will) as well as act on your behalf in financial matters such as signing checks and transferring real estate titles.

At Hensley Legal Services, PLLC, we will review your personal situation and advise you on what estate planning instruments are recommended to protect your assets and ensure that your wishes are honored when you cannot express them yourself. To schedule a consultation, call (918) 398-5692 or (800) 813-1832 or contact us [LINK to “Contact Us” page] online. We will draw on years of experience in estate planning law to help you make important decisions about the future.

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