Tips for Creating an Estate Plan and Finding a Reputable Planning Attorney

December 12, 2022

Creating a plan for the  cremation services in Glenpool, OK , is crucial, and the same can be said for your estate. The process goes beyond having a will because you want to be sure the assets are distributed correctly, and everything is accounted for when it is time to schedule the services. And while this can feel overwhelming for some, here are a few steps to follow to help you get started.

Do an Inventory

One of the first starting places is to create a complete list of any inventory. This can include homes, vehicles, tools or antiques, and anything else that has value that needs to be passed on to someone else. It's helpful at the same time to note who the item is going to be because this can make the process easier once the distribution needs to happen.

Keep Track of Debt

Debt can be a headache for family members after a loved one passes away, so having an additional list of any monies owed is recommended. A few typical kinds of debt to consider are:

Credit cards
Mortgages
Leases
Personal loans

It is also helpful to include a list of where the documents are kept, the account numbers, and any contact information for the company.

Update Beneficiaries

If there are any insurance policies in place or retirement funds set aside, it is also recommended that you update their information to ensure it is correct. Not having the right information can turn the distribution process into probate, where a judge will determine who gets the assets, so be sure to have the correct information in place.

Assign an Executor

You will need to choose an executor or administrator who is primary purpose is to distribute the assets to the named errors. One thing to keep in mind when considering different individuals is to choose someone who can make sound and not emotion-based decisions. 

Find the Right Professionals

You will need to draft a will, and one of the main priorities is to complete this because it will outline specific distributions and highlight any last wishes around the estate. One way to help ensure that you have all the details covered is by working with a state attorney. This individual is trained to catch any errors and will understand any changes in legislation that could impact your errors. You may also want to consider working with a financial advisor because they can help you break down your assets and ensure any debts will be covered.

Our Team is Here to Support You

Having a set plan in place helps ensure that specific requirements are fulfilled by the family. They also remove the need for the loved ones to decide what to do with the assets after the cremation services in Glenpool, OK. Understanding all the options is crucial, and when you need a locally trusted and family-owned company , we are here for you. We specialize in traditional and Veteran's services and planning, and we're here to answer any questions you may have, so contact us today.

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