Ensuring Comprehensive Asset Inclusion in Your Estate Plan: The Obvious, Unseen, and The Wildcard!

Are you sure you've considered all your assets in your estate plan? Larry Parman, of the renowned estate planning firm, Parman & Easterday, discusses an often-overlooked aspect of estate planning - identifying and including all your assets, including the not-so-obvious ones and the wildcard.

In this insightful video, Larry delves into the typical assets we own such as savings accounts, investment portfolios, farmlands, business interests, and mineral rights. He emphasizes the importance of these assets being valued at their net worth fair market value for estate tax purposes.

However, not-so-obvious assets like patents, trademarks, and financial notes often slip through the cracks during estate planning. Larry highlights how these overlooked assets can affect your estate tax and provides guidance on how to include them in your plan.

The wildcard? Life insurance. It’s a common misconception that only the cash value of your life insurance is included in your estate. Larry dispels this misconception, explaining how the death benefit of a policy can significantly impact your estate's worth and potential tax liabilities.

Click play to expand your understanding of comprehensive asset inclusion and navigate the complexities of estate planning. Remember to like this video, subscribe to our channel, and hit the notification bell for more valuable insights from our experts at Parman & Easterday.

For more information and to get our free Estate Planning Worksheet click the link here https://www.parmanlaw.com/resources/free-estate-planning-worksheet/

Parman & Easterday
13913 Quail Pointe Drive, Ste B
Oklahoma City, OK 73134
405-843-6100/office
www.ParmanLaw.com

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