Parman & Easterday

Parman & Easterday -----------
OKLAHOMA CITY
13913-B Quail Pointe Drive
Oklahoma City, OK 73134
(25)

Osher Lifetime Learning Institute in Stillwater!
04/09/2024

Osher Lifetime Learning Institute in Stillwater!

Larry Parman and Taylor Smith had a great morning speaking to the  OLLI in Stillwater.  The Osher Lifetime Learning Inst...
04/09/2024

Larry Parman and Taylor Smith had a great morning speaking to the OLLI in Stillwater. The Osher Lifetime Learning Institute. What a nice audience they were! Thanks for the opportunity to share the essentials of Proper Estate Planning with your group.

04/04/2024

Here's what to know if you plan to leave some (or all) of your estate to charity when you are gone.

04/02/2024

These tips can help you navigate vehicle ownership issues after the passing of a loved one.

Cryptocurrency, once confined to fringe corners of the financial world, has now risen to mainstream prominence. While it...
03/28/2024

Cryptocurrency, once confined to fringe corners of the financial world, has now risen to mainstream prominence. While its volatile nature offers the potential for significant gains, a crucial aspect often overlooked is estate planning.Failing to prepare for your cryptocurrency’s future can leave your digital assets lost in a labyrinth of inaccessible wallets and forgotten passwords, […]

The post Secure Your Cryptocurrency With the Proper Estate Planning appeared first on Parman & Easterday.

Cryptocurrency, once confined to fringe corners of the financial world, has now risen to mainstream prominence. While its volatile nature offers the

The Applicable Exclusion Amount (“AEA”) permits individuals to transfer a certain amount of property either during life ...
03/27/2024

The Applicable Exclusion Amount (“AEA”) permits individuals to transfer a certain amount of property either during life or at death without worrying about incurring an estate or gift tax. Passage of the Tax Cuts and Jobs Act of 2017 temporarily doubled that amount thereby allowing significant amounts of wealth pass from one generation to another without imposition of tax. As we draw nearer to January 1, 2026, and the sunset of those doubling provisions, attorneys and clients alike will rush to utilize whatever remains of their AEA to avoid losing it. Married individuals have a particularly useful option at their disposal.

The post Use It or Lose It…Examining the Efficacy of the Spouse And Family Exclusion Trust or Spousal Lifetime Access Trust appeared first on Parman & Easterday.

The Applicable Exclusion Amount (“AEA”) permits individuals to transfer a certain amount of property either during life or at death without worrying about incurring an estate or gift tax. Passage of the Tax Cuts and Jobs Act of 2017 temporarily doubled that amount thereby allowing significant am...

As we age, the prospect of needing long-term care becomes a harsh reality for many. Unfortunately, misconceptions often ...
03/26/2024

As we age, the prospect of needing long-term care becomes a harsh reality for many. Unfortunately, misconceptions often cloud the waters, particularly regarding the role of Medicare and Medicaid in this crucial aspect of senior care.While Medicare provides invaluable health insurance coverage, it’s crucial to understand its limitations when it comes to extended custodial care.Understanding […]

The post Facing the Future: Navigating Long-Term Care and Medicaid Eligibility appeared first on Parman & Easterday.

As we age, the prospect of needing long-term care becomes a harsh reality for many. Unfortunately, misconceptions often cloud the waters, particularly

Inheritance planning often evokes images of wills and legal documents, filed away and gathering dust until a life’s jour...
03/21/2024

Inheritance planning often evokes images of wills and legal documents, filed away and gathering dust until a life’s journey ends. But this static perspective does a disservice to the reality: estate planning is a dynamic process, evolving alongside you through life’s chapters.As priorities shift and circumstances change, so too should your plan adapt, ensuring your […]

The post Redefining the Journey: Inheritance Planning as a Lifelong Process appeared first on Parman & Easterday.

Contact our Oklahoma estate planning attorneys at (405) 843-6100 to learn more about how we can help you.

Estate Planning attorneys need to understand multiple issues ranging from taxes to asset protection to create a comprehe...
03/20/2024

Estate Planning attorneys need to understand multiple issues ranging from taxes to asset protection to create a comprehensive estate plan. Passage of the Corporate Transparency Act adds yet another layer to the already complex world of Estate Planning. Beginning on January 1, 2024, any company that qualifies as a Reporting Company needs to file a report with the Financial Crimes Enforcement Network (FinCEN) regarding its Beneficial Owners and individuals who helped register the Reporting Company. The provisions of the Corporate Transparency Act are designed to help prevent and combat money laundering, terrorist financing, corruption, tax fraud, and other illicit activity.

The post What You Need to Know about the Corporate Transparency Act appeared first on Parman & Easterday.

Contact our Oklahoma estate planning attorneys at (405) 843-6100 to learn more about how we can help you.

The internet promises ease and convenience, and estate planning is no exception. DIY download kits and online worksheets...
03/19/2024

The internet promises ease and convenience, and estate planning is no exception. DIY download kits and online worksheets seem tempting, offering a seemingly cost-effective way to secure your legacy.However, before embarking on this self-guided journey, consider the hidden risks and limitations lurking beneath the surface of these seemingly straightforward solutions.Legal RisksOne Size Doesn’t Fit All: […]

The post The Pitfalls of DIY Estate Planning appeared first on Parman & Easterday.

Contact our Oklahoma estate planning attorneys at (405) 843-6100 to learn more about how we can help you.

Happy Pi Day from Parman & Easterday! Our lovely Director of First Impressions, Jeannie, brought some fabulous Pie Ju**i...
03/14/2024

Happy Pi Day from Parman & Easterday! Our lovely Director of First Impressions, Jeannie, brought some fabulous Pie Ju**ie treats to the office to celebrate! How are you celebrating this mathematically delicious day?

Divorce marks a significant shift in one’s personal and financial life, necessitating careful estate planning to secure ...
03/14/2024

Divorce marks a significant shift in one’s personal and financial life, necessitating careful estate planning to secure your future and that of your loved ones. Here’s a comprehensive guide to the steps you should take post-divorce, with a special focus on the value of a qualified terminable interest property trust if you’re contemplating remarriage.Reevaluate Your […]

The post Estate Planning Steps to Take After a Divorce appeared first on Parman & Easterday.

Contact our Oklahoma estate planning attorneys at (405) 843-6100 to learn more about how we can help you.

Dynasty Trusts present a great opportunity to pass significant wealth on to future generations. If structured properly, ...
03/13/2024

Dynasty Trusts present a great opportunity to pass significant wealth on to future generations. If structured properly, the assets of a Dynasty Trust pass with minimal gift, estate or generation-skipping transfer tax consequences. As we approach the sunset of the temporarily doubled Applicable Exclusion Amount, practitioners and clients should consider whether a Dynasty Trust makes sense for them.

The post Do You Want to Discuss Dynasty Trusts? appeared first on Parman & Easterday.

Contact our Oklahoma estate planning attorneys at (405) 843-6100 to learn more about how we can help you.

Incapacity planning is an often overlooked but crucial aspect of estate planning. It ensures that your wishes are respec...
03/12/2024

Incapacity planning is an often overlooked but crucial aspect of estate planning. It ensures that your wishes are respected and your affairs are in order if you become unable to make decisions for yourself.State InterventionThe pitfalls of adult guardianship, known as conservatorship in some states, highlight the importance of this planning. Without proper documents, a […]

The post Incapacity Planning: Avoid the Fallout From Adult Guardianship appeared first on Parman & Easterday.

Contact our Oklahoma estate planning attorneys at (405) 843-6100 to learn more about how we can help you.

Estate planning is an essential process for securing your legacy and ensuring your wishes are fulfilled. If you’re start...
03/07/2024

Estate planning is an essential process for securing your legacy and ensuring your wishes are fulfilled. If you’re starting to think about estate planning, taking the right first steps is crucial.This blog outlines these steps, guiding you through the initial phase of your estate planning journey.Understanding Estate PlanningBefore diving in, understand what estate planning involves. […]

The post Beginning Your Estate Planning Journey: Essential First Steps appeared first on Parman & Easterday.

Contact our Oklahoma estate planning attorneys at (405) 843-6100 to learn more about how we can help you.

Some of my favorite blog topics come from headlines.  In this week’s edition, we explore the fate of fortune that result...
03/06/2024

Some of my favorite blog topics come from headlines. In this week’s edition, we explore the fate of fortune that resulted from the 1990 discovery of a Tyrannosaurus Rex skeleton. The family made a modest fortune from the sale of the skeleton. In a tale as old as time, now that both the parents have died, the children are fighting over the family fortune. It’s unclear whether the fight itself or the fact it could have been avoided is more unfortunate.

The post What “Sue,” the Tyrannosaurus Rex Skeleton, Teaches us about Estate Planning appeared first on Parman & Easterday.

Contact our Oklahoma estate planning attorneys at (405) 843-6100 to learn more about how we can help you.

Estate planning is an essential task for securing your future and that of your loved ones. While “simple” estate plannin...
03/05/2024

Estate planning is an essential task for securing your future and that of your loved ones. While “simple” estate planning solutions like payable on death (POD) accounts, joint tenancy, and DIY legal form downloads may seem appealing due to their ease and cost-effectiveness, they often come with significant limitations and potential problems.This blog explores these […]

The post The Pitfalls of “Simple” Estate Planning appeared first on Parman & Easterday.

Contact our Oklahoma estate planning attorneys at (405) 843-6100 to learn more about how we can help you.

Pink Friday!  Carol and Jeannie are convinced Spring is coming!
03/01/2024

Pink Friday! Carol and Jeannie are convinced Spring is coming!

Estate planning is a critical aspect for small business owners, not only for personal peace of mind but also for the con...
03/01/2024

Estate planning is a critical aspect for small business owners, not only for personal peace of mind but also for the continuity and success of their business. A lot of people have questions about the process, and this blog provides a comprehensive guide to estate planning for small business owners.The Importance of Estate Planning for […]

The post Estate Planning for Small Business Owners: Securing Your Legacy appeared first on Parman & Easterday.

Contact our Oklahoma estate planning attorneys at (405) 843-6100 to learn more about how we can help you.

More and more families own property, assets, and businesses together.  Using an entity to govern operations provides sta...
02/28/2024

More and more families own property, assets, and businesses together. Using an entity to govern operations provides stability by allowing continued operation upon the death of an owner. When the governing agreement and estate planning documents of a deceased owner conflict, unintended, potentially litigious, results occur.

The post Estate Planning with Entities appeared first on Parman & Easterday.

Contact our Oklahoma estate planning attorneys at (405) 843-6100 to learn more about how we can help you.

Inheritance planning is a crucial process for securing your legacy and ensuring peace of mind for your loved ones. Howev...
02/28/2024

Inheritance planning is a crucial process for securing your legacy and ensuring peace of mind for your loved ones. However, even with careful planning, you can overlook certain details.This blog highlights these often-missed aspects of inheritance planning, helping you create a more comprehensive and effective plan.1.) Digital Assets and Online AccountsIn today’s digital age, online […]

The post Inheritance Planning Oversights: Addressing the Commonly Missed Details appeared first on Parman & Easterday.

Contact our Oklahoma estate planning attorneys at (405) 843-6100 to learn more about how we can help you.

Happy 25th Birthday Livy! She is holding the Cookies!  Our staff loves celebrating birthdays!
02/21/2024

Happy 25th Birthday Livy! She is holding the Cookies! Our staff loves celebrating birthdays!

A common question in estate planning is, “Can you change a revocable living trust?” The answer is a resounding yes. Unde...
02/20/2024

A common question in estate planning is, “Can you change a revocable living trust?” The answer is a resounding yes. Understanding the flexibility of a revocable living trust, including the difference between an amendment and a restatement, is key to effective estate planning.Additionally, exploring the benefits of a living trust over a will can offer […]

The post Revocable Living Trusts: Flexibility in Planning and Beyond appeared first on Parman & Easterday.

Contact our Oklahoma estate planning attorneys at (405) 843-6100 to learn more about how we can help you.

Inheritance planning is not a one-size-fits-all process. It’s a highly customizable journey, designed to align with your...
02/15/2024

Inheritance planning is not a one-size-fits-all process. It’s a highly customizable journey, designed to align with your unique needs and desires. While many think of a simple will as the cornerstone of inheritance planning, numerous other approaches often serve better. Let’s explore how you can tailor your inheritance plan to fit your personal circumstances and […]

The post Tailoring Your Inheritance Plan: Beyond the Simple Will appeared first on Parman & Easterday.

Contact our Oklahoma estate planning attorneys at (405) 843-6100 to learn more about how we can help you.

Planning is important for your income taxation during life as well as for any estate tax at death. Even though 2024 is j...
02/14/2024

Planning is important for your income taxation during life as well as for any estate tax at death. Even though 2024 is just starting, it’s not too early to think about planning for whatever it may bring your way.

The post Tax Planning for 2024 appeared first on Parman & Easterday.

Contact our Oklahoma estate planning attorneys at (405) 843-6100 to learn more about how we can help you.

As we navigate the complexities of life’s journey, estate planning emerges as a cornerstone of financial security and le...
02/13/2024

As we navigate the complexities of life’s journey, estate planning emerges as a cornerstone of financial security and legacy preservation. This crucial endeavor holds greater significance for members of the LGBTQ+ community. Such individuals may face unique legal challenges and societal complexities in safeguarding their loved ones and ensuring their wishes are upheld upon their […]

The post LGBTQ+ Estate Planning: Securing Your Future, Preserving Your Legacy appeared first on Parman & Easterday.

Contact our Oklahoma estate planning attorneys at (405) 843-6100 to learn more about how we can help you.

Your individual retirement account can ultimately be part of your estate plan if you do not spend the money yourself whi...
02/08/2024

Your individual retirement account can ultimately be part of your estate plan if you do not spend the money yourself while you are living. With this in mind, you should understand the relevant details about IRA inheritance planning. We will share them with you in this post.Traditional Individual Retirement AccountsIf you have a traditional IRA, […]

The post An Overview of IRA Inheritance Planning appeared first on Parman & Easterday.

Contact our Oklahoma estate planning attorneys at (405) 843-6100 to learn more about how we can help you.

Address

13913 Quail Pointe Drive, Ste B
Oklahoma City, OK
73134

Opening Hours

Monday 9am - 5:30pm
Tuesday 9am - 5:30pm
Wednesday 9am - 5:30pm
Thursday 9am - 5:30pm
Friday 9am - 12pm

Telephone

(405) 843-6100

Website

https://www.parmanelderlaw.com/

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