Trusts You Have Options

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Trusts Lawyers in Tulsa

Respected Estate Planning Professionals

In addition to writing a will, Oklahoma residents may also wish to include a trust in their estate plan. A trust is designed to hold assets for the grantor or for beneficiaries chosen by the grantor. Management of the trust is left to one or more trustees who must ensure it functions according to the instructions the grantor has given.

Our Tulsa trusts attorneys understand that the estate planning process can be difficult to navigate. When establishing a trust, it is important to ensure that it is set up correctly, funded properly, and administered legally. The Colpitts Law Firm is experienced in helping clients set up trusts that meet all the legal requirements.

For peace of mind regarding the proper preparation of your trust, call (918) 302-2662 to speak with our qualified attorneys.

Funding a Trust

The process of transferring your assets into your trust is known as funding your trust. This involves changing the titles of your assets from your name to the name of your trust. You may wish to add all assets to your trust or leave some out.

Assets to consider leaving out of your trust include:

  • Out-of-state property
  • Contaminated property
  • Life insurance
  • Automobiles
  • IRA and other tax-deferred plans
  • Incentive stock options

What goes in your trust is totally up to you. Depending on your circumstances, there may be certain assets that are best left out of the trust. A qualified attorney can help you make decisions regarding questionable assets.

Reliable Legal Advice Regarding Your Trust

There are many benefits to be gained from a trust. The Tulsa trust attorneys at The Colpitts Law Firm can help you determine if a trust is best for you. If a trust is in your best interest, our team can walk you through the process from beginning to end.

We have honest answers to your questions and in-depth knowledge about estate planning. Call (918) 302-2662 now for a free initial consultation.

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