FAQs | Heritage Law Center
Frequently Asked Questions
Answers to the most common questions about estate planning, Medicaid, probate, and veterans benefits.
What is estate planning?
Estate planning is the process of arranging for the management and distribution of your assets during your lifetime and after your death. A comprehensive estate plan may include a will, revocable living trust, durable power of attorney, healthcare proxy, and beneficiary designations. It ensures your wishes are honored and minimizes taxes and probate costs.
Why do I need a will or trust?
Without a will or trust, Oklahoma law (“intestate succession”) determines who receives your property — which may not match your wishes. A will lets you designate beneficiaries, appoint an executor, and name a guardian for minor children. A trust offers additional benefits including avoiding probate and protecting assets for vulnerable beneficiaries.
What is a revocable living trust?
A revocable living trust holds your assets during your lifetime and distributes them after death without probate. It’s “revocable” because you can change or cancel it any time. Whether you need one depends on your situation — our attorneys can help you decide what’s best for your family.
What is Medicaid planning?
Medicaid planning involves legally restructuring your assets so you or a loved one can qualify for Medicaid to cover nursing home or long-term care costs, while preserving as much of your estate as possible for your family. Planning must start well in advance due to Medicaid’s look-back period.
What is the probate process?
Probate is the court-supervised process of administering a deceased person’s estate — validating the will, paying debts and taxes, and distributing assets. It can be time-consuming and expensive. Many clients use trusts and other strategies to avoid probate and transfer assets more efficiently to loved ones.
What are Veterans Aid & Attendance benefits?
The Aid & Attendance benefit is a VA pension supplement providing monthly payments to veterans and surviving spouses who need help with daily activities or are in assisted living or a nursing facility. Our attorneys are VA-accredited and can help you navigate the application process. Learn more →
How do I get started?
Simply contact us to schedule a free initial consultation. We’ll learn about your situation, explain your options, and help you take the first steps toward protecting your family. Call 405-946-4500 or complete our contact form.