Oklahoma Estate Planning Guide: Tax Advantages and Trusts

Purpose of Estate Planning

Determines beneficiaries for assets like real estate, retirement accounts, and businesses, and assigns decision-makers if you’re incapacitated. 

Last Will & Testament

 There is no Oklahoma state inheritance tax, meaning beneficiaries don’t pay tax on inherited assets; Federal Estate Tax: Applies to estates exceeding $13.61 million in 2025 (adjusted annually), with rates up to 40%. Proper planning can minimize this burden. 

Cost-effective to create but subject to probate and offer no tax planning flexibility.

Specialized Options

Tax Expertise

Core Documents

Wills

Tax Considerations in Oklahoma

Wills vs. Living Trusts

Advance Directives

Living Trusts

Avoid probate, enhance privacy, and can be structured for tax savings, though they require more upfront investment.

Asset protection, business succession, Medicaid planning, special needs trusts, and charitable giving can address unique needs and tax goals.

Why Consult an Oklahoma City Estate Planning Attorney?

Partnering with an attorney from PRADO LAW OFFICES, PLLC is crucial for navigating estate planning complexities:

A legally sound plan ensures your wishes are upheld and taxes are minimized.

Contact PRADO LAW OFFICES, PLLC for expert guidance on estate planning and tax advantages in Oklahoma City.