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Category Archives: Aaron M. Arnall

What to do After the Death of a Loved One

Losing a loved one can be a difficult experience. Despite the emotional trauma involved, you may also be responsible for handling a variety of financial, legal, and administrative tasks. You may find yourself unsure of where to begin and what to do. However, do not be hasty when settling your loved one’s estate. Important decisions… Read More »

2020 Interest Rate on Judgments Has Decreased

The Oklahoma Administrative Office of the Courts has issued its annual notice of the interests rates applicable to judgments obtained in Oklahoma from January 1, 2020, through December 31, 2020. The postjudgment interest rate to be charged on judgments for calendar year 2020 shall be 6.75 percent, down from 7.5 percent in 2019. Should you… Read More »

Aaron M. Arnall Chosen as Vice-President of Sharing Tree Board of Directors

After one year as a member of the Board of Directors, attorney Aaron M. Arnall has been chosen as the Vice-President of the Board of Directors of Sharing Tree, a local non-profit that serves families in need by providing a dignified shopping experience at no cost. Sharing Tree started as as a seasonal agency offering… Read More »

Do I Need A Prenuptial Agreement?

Prenuptial agreements, also known as premarital agreements or even “prenups”, are agreements between prospective spouses made in contemplation of their marriage. A prenuptial agreement helps a married couple establish what is yours, what is mine, and what is ours. These agreements become effective upon marriage, and deal with how you and your spouse’s finances are… Read More »

Aaron M. Arnall Selected to Serve on Board of Directors for Sharing Tree

Aaron M. Arnall has been chosen to serve a three-year term as a member of the Board of Directors of Sharing Tree, a local non-profit that serves families in need by providing a dignified shopping experience at no cost. Sharing Tree started as as a seasonal agency offering help at Christmas time, and has grown… Read More »

Basics of Estate Planning – Part Two

Goals of Estate Planning Here are four goals for every estate plan: Every estate plan should increase and preserve your property during your lifetime. This includes managing liquidity, building or increasing retirement benefits, and minimizing tax burdens. Every estate plan should provide for your beneficiaries after your death, with provisions tailored to each beneficiary’s specific… Read More »

Planning For Your Children

If you are a parent of a young child or children, having an estate plan in place is more important than ever. No one knows your child better than you do, and a proper estate plan should provide for his or her care and maintenance, ensuring that he or she will be properly cared for… Read More »

Small Estate Affidavits in Oklahoma

Effective November 1, 2017, the limit for Small Estate Affidavits increased from $20,000.00 to $50,000.00. This is a considerable plus for the distribution of small estates as it can avoid the necessity of a costly probate. In Oklahoma, there are two (2) types of Small Estate Affidavits. The first, authorized by 58 O.S. § 393,… Read More »

Estate Planning and the Special Needs Trust

A Special Needs Trust is a specific trust which ensures that a beneficiary remains eligible for Supplemental Security Income, Medicaid, and other government benefits. It also provides for distributions for medical care not covered by Medicaid as well as other enhancements to the beneficiary’s quality of life. Your will should provide your Personal Representative the… Read More »

Who Should Serve as Trustee of My Trust?

If those you have chosen as Trustee lack the ability or knowledge to implement your directions, then regardless of how well prepared your estate planning documents are, especially your trusts, your estate planning goals may fail. The following are some things to think about when you choose a Trustee: (1) Does your prospective Trustee have… Read More »