ESTATE AND DOCUMENT PLANNING CHECKLIST HOW TO

Signing Requirements – The principal and two (2) adult witnesses must appear before a notary public and sign. The attorney-in-fact’s authority will remain effective even after a physician determines that the principal is incapacitated or disabled. For example, if the principal in unconscious or disabled, the attorney-in-fact can relay their medical preferences to the attending physician.ĭurable Power of Attorney for Health Care – This document is used to appoint an attorney-in-fact who can make health care decisions for the principal. The primary purpose of the attorney-in-fact is to communicate the principal’s wishes when they are unable to speak or make competent decisions. Before finalizing the paperwork made available below, it may benefit individuals to obtain legal advice to be sure that the documents are best suited for the protection of their estate.Īn attorney-in-fact is an individual chosen by the principal (the estate owner) to represent them and make decisions on their behalf. Residents of Oklahoma can use the following guide to maintain control over their assets both during their lifetime and after death. Decide How the Assets Will be Transferred.Appoint an Attorney-In-Fact for Finances.Appoint an Attorney-In-Fact for Health Care.

ESTATE AND DOCUMENT PLANNING CHECKLIST HOW TO

How to Create an Estate Plan in Oklahoma (6 steps)

After nominating the representatives, individuals will need to create a Living Trust or Last Will and Testament, both of which serve as blueprints for the distribution of one’s assets after death. The appointment of such representatives will be made via the completion of a Durable Power of Attorney for Health Care and Durable (Financial) Power of Attorney. Individuals can appoint representatives that will act on their behalf and make important decisions regarding finances and health care.

An Oklahoma estate planning checklist is a document designed to help residents know the steps they need to take to protect and distribute their assets after their death.

Estate and document planning checklist