Understanding Different Types of Trusts

Trusts are financial documents that are alternative instruments to wills. A trust is a fiduciary agreement that allows a trustee or third party to hold assets on behalf of beneficiaries or a single beneficiary. Trusts are designed to avoid probate, which saves court fees, time, and possibly reduces applicable estate taxes. These documents can be […]

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End of Year Notes: Drafting Yearly Minutes

Most companies and large corporations are required by law to hold an annual shareholders meeting during which owners and shareholders gather and discuss or vote on important company matters. Yearly minutes are key points of a meeting that are drafted for a company’s records, and to provide to the state in many areas. Most states […]

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Do I Have a Medical Malpractice Case?

Medical malpractice occurs when a medical professional makes a mistake that leads to further harm or injury, or even death. However, simply experiencing an undesirable outcome as a result of a medical treatment or procedure does not automatically constitute medical malpractice. There are a number of important qualifications that must be present in order to […]

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How Is a Business Transition and Estate Planning Different?

Farmers, ranchers and other small business owners in Oklahoma may know that it is important to think about what will happen to their business after they have passed on. Some may have even developed an estate plan addressing this issue. However, one should understand that in some ways, business transition and estate planning are very […]

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Trust Administration: What are Some Duties of the Trustee?

The trustee of a trust — that is, the person or entity in Oklahoma that holds legal title to the trust assets for the benefit of the beneficiaries and carries out their duties per the language of the trust — has an important role. This is because the trustee is a fiduciary, with all the […]

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What Are Some General Steps One May Take When Estate Planning?

Residents of Oklahoma may have put off estate planning for a variety of reasons. However, creating an estate plan can be beneficial to both the creator of the plan and his or her children. After all, not all deaths are gradual. For example, a sudden car accident can lead to personal and financial turmoil if […]

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