Oklahoma Discretionary and Special Needs Trust Act
The Oklahoma Discretionary and Special Needs Trust Act The Oklahoma Discretionary and Special Needs Trust Act (the “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...
Guardianships Trump Durable Powers of Attorneys in Oklahoma
Definitions In Oklahoma, ● Agent - is the person(s) appointed by a Principal to manage the principal’s assets pursuant to a DPOA. ● Durable Power of Attorney (“DPOA”)- is a written instrument signed by a Principal, witnessed and notarized in accordance with the...
To Port or Not to Port: Portability of Federal Estate Tax Exemption
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...
Oklahoma Discretionary and Special Needs Trust Act
The Oklahoma Discretionary and Special Needs Trust Act The Oklahoma Discretionary and Special Needs Trust Act (the “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...