Norman Wills & Trusts Lawyers

Serving Individuals & Families Across Cleveland & McClain Counties & Beyond

Are you ready for the future? Without a will or trust, you may not be as prepared as you should be. Fortunately, it is never too late (or early) to utilize these estate planning tools to protect your legacy and see that your wishes are honored. At Allen Mills Lind Simpson, we help individuals and families create, execute, and modify wills and trusts, leaning on our extensive experience in estate law. Find out how our Norman wills and trusts lawyers can assist you in a consultation. All it takes to schedule yours is a call or message online. 

You can reach us at (405) 956-3153 or by submitting our contact form. We look forward to hearing from you and being your estate planning partner.

What You Should Know About Wills & Trusts

Wills and trusts are foundational estate planning documents that allow you to dictate how your assets should be managed and distributed after your passing. 

Below are further details:

• Wills provide clear instructions for managing your estate after your passing. A thorough will can reduce uncertainty among your family and minimize disputes. 
• Trusts are legal arrangements where a trustee holds and manages assets on behalf of beneficiaries. Trusts offer various benefits, such as avoiding probate court, protecting your assets from creditors or lawsuits, and providing for loved ones with special needs.

What Can You Do with a Will? 

The following are things you can accomplish in your will:

• You can specify how to distribute property, such as real estate, vehicles, and personal belongings
• You can name beneficiaries for bank accounts, investments, retirement plans, and life insurance policies
• You can include instructions for how to handle digital assets, which include social media and online financial accounts
• You can appoint guardians for minor children

Common Types of Trusts 

There are numerous types of trusts, each with specific purposes and advantages. Some of the most common include:

• Revocable living trusts - These allow you to maintain control over your assets during your lifetime while naming successors to manage those assets upon your passing. This type of trust can help your estate avoid probate. 
• Irrevocable trusts - Once you place assets into this kind of trust, they are no longer part of your estate. This can reduce estate taxes and shield assets from creditors. If you are interested in preserving wealth and providing long-term security for beneficiaries, irrevocable trusts are ideal. 
• Special needs trusts - These are designed to provide for disabled individuals without jeopardizing their eligibility for government benefits like Medicaid or Supplemental Security Income (SSI). 
• Charitable trusts - With this kind of trust, you can support causes you care about while receiving tax benefits. 

How Our Norman Wills & Trusts Attorneys Can Assist You

Planning for the future does not have to be overwhelming. With our team’s help, you can move ahead in your life with peace of mind, knowing your estate is in order.

You can rely on us for assistance with the following and other estate planning matters:

• Creating wills and trusts - We craft wills and trusts from the ground up. Our personalized approach means your documents will cater to your specific needs and goals. 
• Modifying or updating documents - Your estate plan will likely evolve as your life changes. Whether you have welcomed new family members, experienced a change in financial circumstances, or wish to update your beneficiaries, our team is prepared to amend your documents as needed.
• Managing trusts - Acting as a trustee or managing a trust for a beneficiary can be complex. We advise individuals in these positions on their responsibilities, helping them fulfill a trust's terms and maintain legal compliance.

Let us know how we can serve you in a virtual or in-person consultation. To schedule yours, call (405) 956-3153 or connect with Allen Mills Lind Simpson online.