Plan Your Future

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Why Plan?

Every day, people plan. They plan their day, they plan their vacations, they plan for their children's education, and they plan for retirement. What many people don't plan for are the biggest events in their life - incapacity, death, and succession of their business interests. Leaving these affairs unaddressed can result in unintended costs, legal fees, and emotional distress for your loved ones. The attorneys at Riseling & Rhodes have over 75 years combined experience representing clients in estate and transactional matters. It is our mission with every client to help prepare for these events and help alleviate some of the uncertainty that inevitably accompanies life's transitions.

  • Wealth Transfer and Estate Planning

    Why plan your estate?  Proper planning can minimize costs such as legal fees, court costs, other related expenses, and possibly estate and/or income taxes. Proper planning can serve to maximize the benefits to you and your family in the event you become incapacitated or disabled, provide solutions to concerns regarding your healthcare, give you peace of mind knowing that your affairs are in order, decrease the risk of litigation over your estate, reduce the time and labor expended by your loved ones, and, in the end, could maximize the wealth transferred to your loved ones after your death.

  • Corporate and Transactional Matters

    There can be many different legal issues/concerns to deal with in connection with the  formation or acquisition of a business, maintaining and operating a business, and terminating or selling a business.  As a business owner steps through the stages of owning and running a business (that is, formation or acquisition, growth and, ultimately the termination or sale of the business), it is important that she or he have quality legal and planning advice in connection the various facets of the operation.  To this end, the attorneys at this Firm have many years of experience handling these types of transaction matters.

Recent Publications

  • The Oklahoma Discretionary and Special Needs Trust Act was signed by Governor Henry on May 26, 2010 at 6:27 P.M. The stated effective date of the Act was November 1, 2010. The codification of the Act is found at 60 O.S. §§175.81 – 175.92.

    May 26, 2010
  • In December 2010, Congress passed and President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (H.R. 4853) (the “Act”), which made a significant change to Federal estate tax law, a new feature: portability of a spouse’s Federal estate tax exemption. Section 302 of the Act increases a person’s Federal estate tax exemption to $5,000,000 (the “Basic Amount”).

    May 1, 2010
  • On November 1, 2010, a new law became effective, which amended Oklahoma’s DPOA Statute. The new law (58 O.S. §1074) provides that, if a Guardian of the Property is appointed by a Court of the Ward’s domicile, any DPOA executed by the Ward terminates upon notice of that appointment. 

    April 1, 2010
  • Have you ever heard of (or dealt with) the situation where an account owner (e.g. “Mom”) places another person on her account (e.g. “Daughter”) with the intent that Daughter will pay Mom’s bills from the account, for the convenience of Mom, and that Daughter will later “share” with Mom’s other children? This is a very common practice.

    May 4, 2011
  • Sometimes individuals desire not to leave property to a child. Oklahoma law does not prevent a parent from intentionally excluding a child from a Will, but it does prevent the unintentional omission of a living child (or issue of a deceased child).

    March 1, 2010
  • In a previous Riseling Report, we discussed Oklahoma law regarding pretermitted (omitted) children and your Last Will & Testament (58 O.S. §132). Now we turn to the applicability of Oklahoma’s pretermitted heir statute to revocable trusts and adopted children.

    February 1, 2010