Perhaps the most common estate planning tool is a Last Will & Testament. While a will does not do everything people assume it does, it is still useful in many circumstances. Younger clients with few resources and limited means can benefit from a will.
Under Oklahoma law, and many other states, a will requires a probate, but it is still usually better than dying "intestate" (without a plan). For example, parents of young children often use a will to appoint a guardian for their kids in the event of their death. And even if someone has very few assets, a will can help to ensure that those assets are distributed according to their wishes rather than being subject to the state's intestacy laws.
At Tallgrass Estate Planning, we provide more than just a will. For us, a will plan includes:
A Last Will & Testament is your voice when you’re no longer here to speak for yourself. It’s a document that tells the court who should receive your assets, who should care for your minor children, and who you trust to make sure everything is done right. Without a will, the state decides these things for you. A will gives you the power to make your wishes clear.
Not everything you value is about dollars and cents. Maybe it's a grandfather's watch, a cherished family quilt, or a collection of letters. A Personal Effects Memorandum lets you list who should receive these sentimental items without needing to change your will every time. It’s a simple way to ensure your treasured possessions end up in the right hands.
Life is unpredictable. If an illness or accident leaves you unable to manage your own affairs, a Durable Power of Attorney lets someone you trust step in. They can pay your bills, manage your accounts, and handle other financial matters on your behalf. This document keeps things running smoothly when you can’t.
When it comes to medical decisions, having someone who knows your values and wishes is essential. A Healthcare Power of Attorney lets you name a trusted person to make healthcare decisions for you if you can’t make them yourself. It’s about making sure your voice is heard, even when you can’t speak.
An Advance Directive is your way of telling doctors what kind of medical treatment you want—or don’t want—if you’re unable to communicate. It covers decisions about life support, resuscitation, and other critical choices. It’s a gift to your loved ones, sparing them from guessing what you would have wanted.
Privacy laws protect your medical information, but they can also keep your loved ones in the dark when they need to help you. A HIPAA Waiver lets you name the people who can access your medical information, ensuring they have the knowledge they need to make informed decisions on your behalf.
Planning a service or deciding on final arrangements can be overwhelming for grieving loved ones. Memorial Instructions give you a way to ease that burden. Whether you want a simple gathering, a traditional funeral, or something else entirely, this document lets you share your wishes clearly, offering comfort and guidance to your family.
