When initially preparing an estate plan and calculating the total value of their estate, there are a number of assets people commonly leave out because they either forget about them or just figure, "those don't need to be included." If you forget to include these assets in your estate plan, they will not be protected and, in fact, be subjected to probate. Watch this video to discover the assets that need to be included; what is subject to the federal estate tax; and how to best approach planning properly. Oklahoma's premier estate planning and elder law attorneys from Parman & Easterday explain the definition of an estate in regards to trusts and planning. Visit www.parmanlaw.com or www.parmanelderlaw.com for more information.
