February 2, 2016
How To Become Qualified for Medicaid in Crisis Situations
Crisis Medicaid Planning, What to do When You Need a Nursing Home Now Medicaid is a needs based program. This means that people with excessive assets or income cannot qualify for Medicaid. For many, this will be the only government program that they will ever seek. (These are general rules in Oklahoma). What Assets Count […] ..
February 1, 2016
Help! Life Insurance Make Patent Ineligible for Medicaid Nursing Home Benefits!
Cash Value in Life Insurance can be a Barrier to Medicaid Benefits Many who apply for Medicaid are surprised to learn that owning a life insurance with a small amount of cash value disqualifies a otherwise eligible person from receiving benefits. Term policies (those without cash values) do count against the patient. However, if the […] ..
January 20, 2016
Protect your IRA from Your Kids’ Creditors and Their Poor Choices
Don’t Leave Your IRA to Your Kid Outright IRAs are wonderful investments. Many people want to leave unused funds to their children. They simply name their kids as a beneficiary and think that everything is set. Many fail to understand that merely naming the children as beneficiaries may result in the loss in the value […] ..
January 7, 2016
Appearance on FOX 25’s Living Oklahoma
FOX 25, Oklahoma City’s local FOX affiliate, has a segment about goals for the new near. They invited me to provide a few comments. The staff there was great and it was a pleasure meeting Meg Alexander. I wish we had more time. I also wish that I could appear as natural as Meg. […] ..
December 11, 2015
The Legal Documents & Plans Your Parents Need Right Now
Looking after your Parents’ Legal Preparedness As a child of aging parents you probably have experienced increased duties and a variety of new roles. As you grew up, you were one who was protected and guided but now as your parent’s age, your role has become one of adviser and watchman. It is prudent to […] ..
November 2, 2015
Parkinson Disease Research and Treatments Promising
Therapy and Research Breakthroughs The 2015 Parkinson Foundation of Oklahoma Statewide Conference featured Dr. Daniel Kremens, a Neurologist at Thomas Jefferson University, who provided updates into the research and therapies related to Parkinson’s Disease. He explained to the 200 plus participants the latest theories on causes and how the disease develops. He went into detail […] ..
October 28, 2015
Convert Life Insurance into a Long Term Care Benefit Plan
Mom is aging and needs lots of care but has limited resources. The family is looking for a way to cut her unneeded expenses while meeting her needs. One expense that families consider cutting is a life insurance policy. After all, most of us purchase life insurance to pay for living expenses of a family, […] ..
October 18, 2015
Lack of Communication Can Cause Chaos for Caregivers
In November, National Family Caregivers Month, we celebrate the valuable role that family caregivers play. Recent data show that two out of every 5 adults are family caregivers. That means 39% of all adult Americans are caring for a loved one who is sick, disabled, or living with frailties of old age. For those whose […] ..
The Flexible Irrevocable Trust Provides Asset Protection
Revocable Trusts are familiar to anyone who has considered estate planning. Basically, the Settlor (person creating the Trust) retains complete control over the assets in the trust, can withdraw the principal for any reason, can change the beneficiaries, and can change the successor Trustees. The problem with a Revocable Trust is that whatever you […] ..
September 18, 2015
Wartime Veterans’ and Widow’s Pension
Abraham Lincoln Called on the Nation to Support it’s Veterans. Veterans who served during WWII, Korea, Vietnam and the Gulf Wars may be eligible for tax free pensions. The pension program is designed to assist veterans and their spouses or widows to cope with the impacted by medical expenses and nursing home costs. The pension […] ..
June 22, 2015
Plan for Long-Term Nursing Care: How to Qualify for Medicaid
MEDICAID PLANNING Your savings of a lifetime does not have to wiped away by long-term nursing care. With proper planning you can avoid putting your assets in jeopardy. Want a Personalized Analysis of Your Risks? Click here to receive the one-page worksheet. Return it to me and receive your report. The facts… Oklahoma […] ..
Does your dog need a Trust? Should you tell your Cat?
Pet Trusts Provide for Care After You’re Gone To some this may seem a bit silly, but for many of us we want to insure that are pets are cared for after we are gone. One of the obstacles would-be caregivers face are the expenses associated with keeping an animal happy and healthy. Even […] ..
May 14, 2015
Why Wiley’s Words Didn’t Matter: Oral Will Ruled Invalid
What did Wiley Intend to Happen? Wiley had three kids Curtis, Pam and Janet. He also had a stepson named Jeffery. Wiley opened a bank account and designated that upon his death the funds should be paid to his son Curtis. Court recited the facts as follows: At some unspecified time, or times, Father told […] ..
How to make a valid spoken Will
How to make a valid oral Will. People often wonder if it is possible to make a will without writing it down. The answer is Oklahoma is yes. The an oral Will is a “Nuncupative Will.” A nuncupative will is not required to be in writing, nor to be declared or attested with any formalities. […] ..
April 2, 2015
Free Estate Planning EBook
Ready for immediate delivery. View on PDF viewers. I’m proud to announce that our first guide for creating your estate plan has been published as an EBook. Even better. Its free. This plain-English guide provides information into common documents used to create a plan, including: Wills Trusts Powers of Attorney Living Wills […] ..
What should you consider when making an Estate Plan?
Can you answer these questions? Who do you love? Who do you trust? What do you have? From there we can decide what an estate plan should include. This video provides simple guidance in less than 5 minutes. Your plan may include a Will, Trust, Beneficiary Designations, Power of Attorney, Living Will and Burial or […] ..
Transfer on Death Deed in Oklahoma
What is a transfer of death deed? A Transfer on Death Deed is a simplified method of transferring property upon the death of the owner of real property. This includes surface, minerals, structures and fixtures. The key features are the ability of a current owner to name a beneficiary to receive the property after his […] ..
February 6, 2015
Writing the kids out of the Will. How to disinherit & are there alternatives?
Should I disinherit my son or daughter? This is a heartfelt question and there is no easy answers. This article will explore techniques that can be used and alternatives that should be considered. Here are some common questions: What are the most effective ways to disinherit? What if I am really only worried about the […] ..
January 25, 2015
Five Myths about Trusts
Several myths surround trusts that discourage people from learning about them. Lets look at some of them. Trusts are for the very wealthy: Untrue: Trusts can be for anyone with assets or beneficiaries that need to be protected. There is no minimum estate value that is needed to create a Trust. […] ..
July 31, 2014
Why have an Advance Healthcare Directive or “Living Will”? Form provided at no charge.
Prepare your own Advance Medical Directive “Living Will” Imagine: You are in an accident that leaves you comatose. The doctors determine that you will never regain consciousnesses and the only thing keeping you alive is a feeding tube. You have no “Living Will” in place. The family disagrees on whether to remove the feeding tube […] ..
July 10, 2014
In-Case-of-Emergency Card, Don’t let you kid go to college without one!
Make sure to have Emergency Plans in Place. Heading off to college is an exciting time. If you are 18 there are laws that are designed to protect your privacy even from your parents. Most young adults value their privacy. However, one law called the Health Insurance Portability and Accountability Act or “HIPAA” […] ..
Banks are often the last line of defense to prevent scams. Inquire before you wire.
Education is not Discrimination, Banks should do more to Educate their Depositors about the various Scams Con-artists use various schemes to part bank customers with their money. These include: Lottery and Sweepstakes Scams Grandpa I’m in Jail Fraud Internet purchaser scam Secret shopper Scam Some confidence games trick individuals, often the elderly, to send money. […] ..
Powers of Attorney, Benefits and Dangers
Executing a Power of Attorney can solve or create problems. It is important to know how they work and how dangerous they can be. Most Estate Plans include a Power of Attorney. They can be very useful to avoid a court appointed guardianship. However, the person entrusted must be chosen carefully. A Power-of-Attorney grants a […] ..
Avoid Lottery Scams, No matter how convincing
What would you do if you received an official looking that informed you that you won $8.75 million dollars? What if the letter had a copy of a cashier’s check written to you? Don’t be fooled. The lottery scam begins with a bold announcement. Victims are contacted by telephone, email or mail. (A sample of […] ..
May 19, 2014
Why Have an Advance Healthcare Directive or Living Will?
Advance Healthcare Directives the Living Will How do I get a Living Will? Click here to get your Free Advance Healthcare Directives Form For help or questions with this issue please call me at 405-340-6554 Advanced healthcare directives sometimes called “Living Wills” are legal documents which instruct health care providers of the level of care […] ..
Every Stakeholder’s Vision is Important in a Succession Plan
Understanding everyone’s vision is important for the development of a succession plan. In order for any enterprise to succeed all parties must be pulling in the same direction. Having an agenda for a succession plan is vital. However, clear and honest communication can identify problems as well as opportunities. Family members are often surprised at […] ..
What Every Creditor Should Know About Filing Proofs of Claim in Bankruptcy Court
Bankruptcy is a legal proceeding designed to relieve debtors with relief from their creditors. A debtor is required to list all his assets, income and creditors. Most bankruptcies involve cases under Chapter 7 or Chapter 13 of the Bankruptcy Code. Unless a proof of claim is timely and properly filed an unsecured creditor will likely […] ..
A Law Firm with a Home Enviornment
My office is a converted pre-statehood home. Clients feel at ease meeting and planning in our quiet and comfortable office. Most meetings occur in the dining room that has been converted into a conference room. This is conducive to meetings that often involve family issues and planning. The relaxed atmosphere cannot be found in busy […] ..
The Family Trust, Changeable & Revocable
A Powerful and Affordable Estate Planning Tool When most people think of Estate Planning they think of a Will. A key component in many Estate Plans is a Revocable Living Family Trust. A Trust is similar to Will because it designates who will receive property. However, unlike a Will it can designate when […] ..
Joint Tenancy instead of a Trust or Will? Better Think Twice.
Joint Tenancy is one of many ways two or more people can hold title to property. Most married couples hold title to their homes as Joint Tenants. It is one of the simplest ways to hold property. Here is how it works most of the time: John and Mary are a married couple […] ..