Baysinger Henson Reimer & Cresswell PLLC
320 South Boston Avenue, Suite 1130
Tulsa, OK 74103
Baysinger Henson Reimer & Cresswell PLLC
320 South Boston Avenue, Suite 1130
Tulsa, OK 74103
Estate planning is an essential financial tool that should be used by every adult. Planning your estate is not a service just for the wealthy. It is a planning tool that provides for your family and protects your wishes. Careful estate planning also helps you protect your medical choices and provides legal authority to an appointed representative in the event that you are medically incapable of making your own choices.
Additionally, careful planning of your estate can provide you with protections and tax breaks at the present time. A Tulsa estate planning lawyer can provide you with information on Living Trusts and similar legal issues that can reduce your tax burden now and in the future.
Benefits Of Planning Your Estate
Some of the benefits that you will receive when you decide to plan your estate will include:
Last Will and Testament. You will make a current Will and Testament. This will be a document that contains all of your final wishes. Within this document you will establish many important items concerning your estate. This will include establishing beneficiaries and indicating specific personal items you wish to pass on to a specific person. Most people use their Last Will as a way to provide for their family members and bequeath special gifts to friends or charities.
Your last Will will also provide your family with guidelines for paying your final debts and funeral arrangements. Your Will also establishes a specific person to make sure that all of your last wishes are followed. This person is known as the Executor of the Will and will be required to follow all parts of the Will until all the assets are distributed.
It is very important to keep your Will updated because things change. An executor that you have previously appointed may move, pass away, or otherwise no longer wish to have that duty. Assets change and beneficiaries may also change over the years. It is very important to review and update your Will yearly to ensure that everything contained in the document is still your final wishes and that all other involved parties are still included.
Health Care Advocate
In the event that your health becomes deteriorated to a point where you cannot make medical decisions on your own, you will want to have an appointed Health Care Advocate. A health care advocate has the legal authority to make medical decisions for you based on your specific wishes.
A health care advocate can be used at any point in your life when you are medically unable to make the decision for yourself. These advocates can represent your interests in the event of an accident or an illness.
As your Tulsa estate planning lawyer will explain, it is important to select a person who knows and understands your medical desires in the event that you are unable to make your decisions. Most of your medical choices will be written out in the document for the representative to understand.
Updating your health care advocate is as important as updating your Will. You never know when or if a medical crisis can occur, and you will always want someone available who is willing to follow your wishes in this type of situation.
If you have minor children, part of your planning will include establishing guardianship for those minors in the event you are unable to care for your children. This is a protection that every parent should have in place. Selecting a guardian that you know and trust will ensure that your children are protected and will be raised with your values and goals.
Establishing a guardian now also protects your children from being placed into protective custody or foster care until the court system decides who should care for your children in your absence. This is one of the most important things you can do to protect your children while they are young.
Probate is the legal action that occurs when the Court is required to distribute the assets of an estate. This usually happens if there is not a Will or if beneficiaries have not been determined. Probate may also be used if the Will is disputed in any way by a family member.
Probate can be very expensive and can take an extended period of time to complete. In many cases, a third or more of the entire estates value is lost to probate costs. This can be avoided by having the proper estate planning in place.
Reducing Tax Burden
Inheritance taxes as well as retirement taxes can be very burdensome for people. Planning your estate the correct way, however, can help eliminate or significantly reduce these burdens. Your Tulsa estate planning lawyer can show you how to use specific financial tools, such as Living Trusts, to manipulate your estate in a way to reduce these tax burdens.
Your family may face financial uncertainty after the loss of their loved one. Having the right financial tools in place will help them survive financially during this most difficult time.
It should be understood that tax laws change almost yearly. Because of this, it is important to speak with your attorney at least once a year to review your estate plan and related financial products to ensure that they remain in compliance with the law and you are receiving all of the current benefits.
Overall, the main reason that you should plan your estate and asset distribution is to protect your family. Your family will be undergoing a lot of stress and emotional pain, and having all of the right financial tools in place will ensure that they will not face future legal issues.
You will also protect your family from making the wrong decisions about your health and your final wishes if you have these safeguards in place. No one wants to go against what their loved one desires. However, many mistakes can be made if there are no legal documents providing the remaining family members with a guideline to follow to meet your wishes.
Planning for the future will not take a lot of your time or much effort. In the end, it will give you peace of mind to know that you have protected your family.
Juvenile delinquency is a term used to describe illegal actions by a minor. This term is broad in range and can include everything from minor violations like skipping school to more severe crimes such as burglary and violent actions.
Understanding why a minor commits a crime is essential to preventing future crimes from happening. Addressing the issues that has led to the choices that the minor child has made can help them change their actions in the future.
By addressing many of these issues at an early age, adults may be able to stop juvenile delinquency from starting. If delinquency has already occurred, addressing these issues and building protective barriers may allow the child to develop in a more secure environment and avoid problems in the future as well as when they are adults.
Leading Contributing Factors To Delinquency
Poor School Attendance
Poor school attendance is one of the top factors contributing to delinquency. School is not only a place to learn and grow; it is also a structured routine that provides children with a goal to accomplish each day. The routine of getting up, getting prepared, attending school, completing the work, and returning home each day establishes a routine that is a basis for good choices in the future.
Children who are not encouraged to learn this type of routine are losing out on establishing good habits. They are also experiencing a lot of free time that can be used to “learn” about other things that will not enhance their lives or their futures. Failure to accept the routine of attending school actually instills in children that they do not have to comply with societal norms and that they can do as they please.
Poor Educational Standards
The type of school that a child attends may also contribute to their delinquency. Overcrowded and underfunded schools tend to lack discipline and order. The chaos often experienced in these schools lead children to act more defensively because they are scared by their surroundings.
Parental involvement in school work and school based activities has been found to be a very large deterrent for delinquent activities. When an adult is active in the lives of a child, that child is more prone to perform well in school and social surroundings because they know that the adult will see their actions.
Violence In The Home
One of the largest contributing factors to delinquency is violence in the home. Every Tulsa juvenile criminal defense attorney will tell you that when a child is subjected to violence, they are in turn violent people. Lashing out at others for the violence they experience at home is very common.
Children subjected to violent actions, or those who witness it to others, are more likely to act ut their fears and frustrations. They often have a “don’t care” attitude and this allows them to get into trouble more easily.
Violence In Their Social Circles
If the neighborhood is in which a child lives is violent, the children will have a tendency to be more prone to delinquency. Many people describe this as street survival methods because the child gets into trouble as a way to stay out of trouble from area gang members or violent people. In many cases, when you remove the child from this type of situation, their tendency for delinquent actions is removed.
Similar to neighborhood pressures, peer pressure from direct acquaintances can have an effect on how a child reacts to bad situations. If all of their friends are committing delinquent acts, the child may feel pressured to do the same to be accepted.
The best way to avoid this type of situation is to be actively involved with who your child is hanging out with on a regular basis. Know their friends. Know therir friends parents. This not only instills confidence in your child to do the right thing, it can help parents keep their children away from bad influences.
Juvenile delinquency is more common in poorer neighborhoods. While all neighborhoods are not exempt from delinquent activities, it is believed they happen more in areas where children feel they must commit crimes to prosper.
Theft and similar crimes may actually be a result of necessity and not that of just a petty crime. The only true help for this situation is to make sure that children in these areas have access to what they need and understand that they do not have to commit a crime to get ahead in life.
Substance abuse in a home or by the child is a very common cause for delinquency. Children who are exposed to substance abuse often do not have the necessities they need to thrive and are forced to find these necessities in other ways. Others, who become dependent on a substance may also need to commit crimes to sustain their habit.
Counseling and treatment for this type of situation is the only real remedy to help these children. This type of situation can cause their self-worth to deteriorate and allow them to commit acts that they would not otherwise have considered.
Lack Of Moral Guidance
Parental or adult influence is the most important factor in deterring delinquency. When a parent or other adult interacts with the child and shows them what is acceptable behavior and what is considered wrong, the child is more likely to act in a way that is not delinquent.
It is very important for a child to have a bond with a good adult who will influence their actions and show them the difference between what is right and what is wrong.
Even if your child has committed an act of delinquency, their lives are not over. You, as their care giver have the chance to turn around their lives and show them how to change their ways.
It starts with hiring a quality Tulsa juvenile criminal defense attorney so that they can receive a fair trial. Once they have gone through this process, as a care giver, you can begin to change the influences in the child’s life so that they can start fresh and go into adulthood with a clean slate.