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Best Estate Planning Attorneys in Edmond

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1019 F Waterwood Parkway, Edmond, OK 73034
Edmond, OK 73034

Wallis Law Group is an estate planning firm near Edmond that serves individuals and businesses. Key practice areas include the creation of wills, medical directives, and financial powers of attorney. The team at Wallis handles deeds, transfers on death, and trust administration, as well as guardianships for minors and those with special needs. The firm also handles probate cases and mediation prior to litigation. Attorney Kathy Wallis founded the firm in 2006.

1019 F Waterwood Parkway, Edmond, OK 73034
Edmond, OK 73034

Website(405) 726-9888

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Online Profiles:

1 (Good)

Average Review Score:

5 / 5 ( Best)

Total Reviews:

44 (Best)

Score Consistency:

Consistent (Best)

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Responsiveness: A+

Friendliness: A+

Helpfulness: A+

Detail: A+

Frequently Asked Questions:

Q: How much does it cost to set up a trust?
A:

The cost of setting up a trust varies quite a bit depending on a variety of factors, including terms that are in place, special provisions for minor beneficiaries, and trustees' basic fees. In most cases, the minimum cost of setting up a trust is about $1,500, but depending on the factors mentioned above, this cost can increase by thousands of dollars.

Q: Can you have both a will and a living trust?
A: Yes, and individuals who have a living trust should also have a will. While a living trust enables a person to leave funds and assets to a loved one when they're gone, a will is required to cover any assets that aren't included in the trust, such as guardianship of dependents, funeral plans, and forgiveness of outstanding debts, if applicable.
Q: Do I need a lawyer for a will?
A: No, a lawyer is not required to draft or complete a will. However, there are some scenarios in which hiring an estate lawyer to assist with a will is a good idea, including when children or high-value assets are involved. Additionally, an estate lawyer can help to reduce probate fees and taxes paid by loved ones after a person dies. It's also best to work with a professional to ensure that the will addresses everything necessary, such as funeral plans, guardianship, and asset distribution.

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