Often, estate planning is overlooked until it’s too late. But when it comes to protecting your property and everything you’ve worked hard for, it’s best to plan ahead. Estate planning involves more than just your possessions; it encompasses your clothing, insurance policies, and even your business. At Shelton Law Firm, our attorneys guide you through the process. We’ll sit down with you, understand your unique situation, and create a tailored plan to protect your estate. We aim to ensure that your hard-earned assets are handled properly, giving you peace of mind for the future!
Elder Law (No Medicaid/Disability)
It is equally important that individuals who are approaching or are older than the age of 65 are legally represented. If you or your parents need help in navigating your elder years to address critical decisions such as health care, guardianship, caretaking, and end-of-life decisions, let Shelton Law Firm assist in those difficult choices. We will compassionately and discretely work with you on those arrangements.
You’ve worked hard for the assets that you have accumulated in your life. You should be the one to decide who receives those assets when you are gone. As one of the oldest estate planning tools, a will – or “Last Will and Testament” – is the tool where you make your final wishes known. Let our team guide you through documenting your intentions for naming the people – friends, family – or organizations, such as schools, churches, or charities to receive your property when you die.
Power of Attorney (POA)
Sometimes, individuals lose the ability to make decisions for themselves. If this happens, other people will have to make those difficult decisions on your behalf, which may or may not reflect your desires. A power of attorney is your legal authorization or assignment for someone else to act on your behalf. Our team can help establish your POA so that you can preserve your voice and make your wishes known, in the event you cannot speak for yourself.
Trusts are legal arrangements that protect assets and direct their use and disposition in accordance with their owners’ intentions. While wills take effect upon death, trusts may be used both during the life and after the death of their creators. Trusts are frequently used in estate planning to benefit and provide for the distribution of assets to, the heirs of the grantor. We can help you decide how a trust can help protect your estate and identify your designated beneficiaries.
A guardian is an individual that has legal authority to make personal and financial decisions for a child or incapacitated party, indefinitely. For those individuals that are impaired by reason of mental illness, physical illness or disability, substance dependency, or such similar cause, a guardianship can be established to take care of those individuals and/or their property. Shelton Law Firm will walk you through the process to understand the ins and outs of guardianship.
Quit Claim Deeds
Quit claim deeds are the simplest way to transfer property ownership since there is no promise or guarantee about any existing claims on the real estate. If you are involved in such a deed, allow our team the opportunity to review these documents to see if they are appropriate or the right conduit for the exchange of property.
Transfer on Death Deeds
There are provisions within Oklahoma to transfer real estate interests. This could include surfaces, minerals, structures, and fixtures on, over, or under the property. A transfer on the death deed will act as an immediate transfer of those real estate assets upon the death of the owner to the beneficiary named on the deed. In this instance, there is no need for probate for these assets. If you are choosing this avenue to manage your assets, let our team work with you to ensure the document complies with all state requirements and laws.