OUR LATEST – ESTATE PLANNING

We take a look at the new rules for FDIC insurance limits for bank deposits owned by trusts. The good news: It will be simpler to calculate.

Taking proactive steps with your estate plan can diffuse tensions among beneficiaries.

Robert Louis Stevenson’s The Strange Case of Dr. Jekyll and Mr. Hyde sheds light on why you should engage the experts before drafting your own estate plans.

Much like how a game in 1912 forever changed the game of football, a new Oklahoma statute will change the way trustees can act on behalf of beneficiaries.

President Joe Biden's revenue proposal could affect income, capital gains and estate tax rates. Find out what changes could be coming.

The Spousal Lifetime Access Trust may be the perfect tool to shift assets out of your taxable estate.

Its better to be safe than sorry. Make your estate planning a priority in 2021.

Recently, Thomas W. Wilkins retired as CEO of Trust Company of Oklahoma after 30 years serving our clients. He will remain as Chairman of our Board of Directors and the values he has instilled in all of us are his strongest legacy.

Stauffer will serve the organization during the 2020-2021 school year.

Dealing with a worldwide pandemic, the TCO way. Read more.

If you (or a family member) ever placed a child for adoption and don't want him to be an heir, you should revisit your estate planning documents.

Our offices are open and our professionals continue to serve you. Read more.

As COVID-19 grips the nation, the IRS delayed the deadline to file and pay federal income taxes. Read more.

Although you may ask a relative or a friend to be your trustee, a corporate trustee can be a wiser choice. Learn more.

Do not fall for the Suspended Social Security Number scam.

If you have an IRA heading into 2020, here's what you need to know about the new tax law and how it may impact your retirement and estate planning.

While record-keeping can be a tedious task, it's essential to being a responsible property owner.

Litigation can be destructive to families, both financially and emotionally. Learn how families can avoid the courts to settle their differences.

What do Aretha Franklin, President Abraham Lincoln and Prince have in common? Find out.

Family structures have become more complex over the last few decades. Most households are now the result of blended families with working moms, adopted kids, second marriages, and the list goes on. Your estate plan needs to be customized for your specific situation.

Avoid being a victim of financial exploitation.

How to handle cars in estate planning

Are you, your family members and professional advisors rowing in the same direction when it comes to your estate plan?

It is important to invest in international stocks. Here's why.

Are you a small business owner or investor? Please meet Qualified Business Income (QBI) deduction.

Easily find out how much you owe the IRS on income taxes, long-term investment capital gains taxes, or trust taxes. A printable cheat sheet to keep on your desk.

It was a challenging year for investors. We wrapped up 2018 with a second 10% correction for the year. What's driving investor anxiety and how does 2019 look like for the markets?

The Trump administration recently imposed steep tariffs on several countries, including China. In retaliation, China imposed tariffs on American products. This isn't the first time the U.S. grapples with competitive tariffs, though. Learn more about our country's history of tariff conflicts and the current conflict's impact on our economy.

Many retirees mistakenly believe that once they retire they won't have to pay taxes anymore. Your retirement success depends on planning carefully your income and taxes. Read article.

Congress recently passed the largest piece of tax reform legislation in more than three decades. The bill affects most taxpayers. One area is the ability to deduct charitable contributions. Vice President Emily Crain broke it down to what you need to know.

Planning for retirement involves balancing what you're willing to set aside now with what you'll pay in taxes while in retirement. Splitting your retirement savings between a traditional 401(k) and a Roth 401(k) — or IRA — is sound planning.

Family legacy properties are extremely emotional assets. The feelings triggered by the thought of parting with the family farm, lake cabin or beach house can become the cause of tension among family members.

Creating a trust is a very important step in the estate planning process; but without funding the trust, there is no value to the trust document.

Learn to Love the Pullbacks

There are five words investors should always use with caution: "It is different this time". In this article Bob suggests two unusual suspects which may explain why "different" may be happening now.

Will the Bull Stumble in 2014?

Two popular yet contradictory mindsets in modern culture say that you should love what you do and that you should strive to stop doing it as early as possible.

Karen Ellis provides important guidance on when to withdraw funds from your IRA. While withdrawal may seem like an easy task, you may find yourself paying more in taxes than necessary.

Protecting your assets from creditors may not be the first thing you think about when you wake up but all too often, people do not think about it at all until it is too late. Fortunately, in Oklahoma we have an attractive asset protection vehicle called the Oklahoma Family Wealth Preservation Trust (FWPT) that can help Oklahoma residents and non-residents alike. Read Lesa Creveling’s insightful article (originally published June 2006) on the benefits of this asset protection trust, its tax treatment and how it works in relation to federal bankruptcy law.

Many do not realize that gasoline accounts for less than one-half of the products made from a barrel of crude in the U.S