OUR LATEST – ESTATE PLANNING

Chill Before Serving to Avoid Family Litigation

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

October 2019 Investment Perspectives

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Our experts comment on the recent yield curve, estate planning and more.

ViewPoint - Great News About Our Professional Team

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Summer was busy at TCO with some great achievements by our professional team and two new officers joining our firm.
Bob McCormick

Bob McCormick Hits the Open Road

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Our colleague is taking an early retirement at the end of the year. Although we don't normally announce retirements in this publication, it is important to note a few of Bob's lasting impacts on us, his colleagues.
Abraham Lincoln

Where There's a Will...

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

Upside Down

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Making Sense of the Recent Yield Curve

How to Talk To Your Heirs About Your Estate Plan Without Ruining Your Relationship With Them

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There can be big benefits to your family knowing your estate plan. But how to communicate to your heirs who gets what without spoiling the relationships with each of them?

What Does Your Family Look Like?

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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.
IRA

IRA: Why, When & How Often?

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Here we share some 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.

The Fiduciary Rule: What It Means For You

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We have served our clients with a fiduciary duty since our founding in 1981.
financial abuse in elders

Alzheimer's And Dementia Patients Are Easy Prey For Scammers

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Avoid being a victim of financial exploitation.

Don't Be A Silo

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Individual trustees do not need to face all the challenges alone.

July 2019 Investment Perspectives

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Our experts comment on the stock markets, estate planning, taxes and more.

ViewPoint - Why Clients Do Business With Us

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I have many reason to be proud of who we are and the services we offer

Honey, We Forgot The Car!

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How to handle cars in estate planning
financial planning services

Asset Distribution Per Stirpes

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Understanding your will and how your assets will be divided

How Health Problems Become Wealth Problems

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Effective retirement planning involves being healthy. Learn how to protect your wealth and your health after you retire.

Row, Row, Row Your Boat

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

Collecting Spousal Social Security Benefits

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Social Security benefits are an important component to retirement planning. Here's what you need to know about receiving Social Security on your spouse.

Staying on The Yellow Brick Road

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Financial exploitation and elder abuse continue to rise. How can you protect yourself and your lifetime savings? Read Lesa's article.

Beyond Our Borders: Why You Should Be Investing in International Markets

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

DPOA: A Document With Super Powers

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A Durable Power of Attorney is a super document. It allows a trusted representative to act in your place. Learn how a DPOA can help you.

ViewPoint - A Message from the Desk of Tom Wilkins

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"Why should anyone hire Trust Company of Oklahoma to serve as corporate trustee and invest the assets if a family member can do it for free?" she asked me. Here's what I responded.

April 2019 Investment Perspectives

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Our experts comment on the stock markets, retirement planning, financial planning, taxes and more.

Playing Hoops With the IRS

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

Happy Birthday, Batman!

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Batman, the first comic strip trust fund baby, turns 80 today. What lessons can we draw from the Dark Knight?

Ron Burke, CFP®, CTFA Joins Trust Company of Oklahoma

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The oldest and largest independent trust company in the state is pleased to announce that Ron Burke joined the firm as a senior vice president in the Oklahoma City region.

2019 Taxes Cheat Sheet

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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.

Alzheimer’s and Dementia Patients Are Easy Prey For Scammers

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Each day, Alzheimer's or dementia patients are at a high risk of being financially exploited. Learn how to spot it and how to prevent it.

"Drill, Baby, Drill"

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The oil and gas market has been a rollercoaster. Oil barrels reached the $75 price range then dropped again. What does 2019 hold for the energy industry?

The Return of Volatility

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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?

Cracking The Medicare Code

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What You Need To Know Before Signing Up for Medical Coverage.

It's Not Too Late To Build A Fence When The Cows Are Out

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Estate planning and asset protection are really nothing more than building and maintaining fences. A successful plan keeps the cows (assets) in and the wolves (creditors) out.

How To Talk To Your Heirs About Your Estate Plan Without Ruining Your Relationship With Them

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There can be big benefits to your family knowing your estate plan. But how to communicate to your heirs who gets what without spoiling the relationships with each of them?

Tariffs And Raisins - Children Pick Up On The Darndest Things

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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.
financial review on tablet

Market Observations by Bob McCormick - September 2018

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The right estate planning will not only put our own minds at ease but make our family’s life less stressful.
financial review on tablet

Market Observations by Bob McCormick - August 2018

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Thinking you can day-trade your way to riches by being fast is bad thinking. If you can’t outrun a cheetah, don’t even think about out-trading high-frequency trading firms.
tax review personell

The Certainty of Taxes in Retirement

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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.
financial planning expert- bob mccormick

Market Observations by Bob McCormick - July 2018

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Corporate earnings are growing at a double-digit rate, yet halfway through the year the S&P 500 posted a meager 2.6% return. Read Bob's investment market commentary.

Decrypting the Bitcoin Bubble

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The cryptocurrency's meteoric rise in 2017 had the investment community in awe. Today, the Bitcoin phenomenon has turned into a bloodbath. Investors' confidence is gone. Read an interview with Senior Vice President Michael Abboud about Bitcoin's rise and fall.

Tax Reform: How It Affects You

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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.
financial planning expert- bob mccormick

Market Observations by Bob McCormick - June 2018

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A lot of factors impact economic growth, and demographics are certainly one of them. The government just released the 2017 births report, and the findings show a 30-year low in the number of births and a large increase in deaths for age group 25-34. Read Bob's commentary.

Top 5 Retirement Planning Mistakes

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Along with getting married and having kids, retiring is one of the most serious decisions you will make in life. If you plan carefully, your retirement years can be filled with joy and financial independence. But the alternative can lead you to serious financial problems. Here are our top 5 retirement planning mistakes to avoid in order to achieve a successful retirement.
retirement planning with spouse

Why You Might Want Both a Traditional 401(k) and a Roth

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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.
father and son enjoying retirement

Is Estate Planning Now Dead?

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Federal estate taxes may no longer be an issue. However, many states still have estate and inheritance tax. Visit with our estate planning experts to develop financial strategies beyond the consequences of the 2017 Tax Cuts.
financial planning services

New Year's Resolution: Revisit Your Estate Plan

Now that the holidays are officially behind us, many of you are revisiting that final vestige of the season: the resolution list.
financial abuse in elders

'Tis the Season for Elder Financial Abuse

It always seems to be the season for financial abuse and scamming of the elderly.

Graduating from the Kid's Table

CAMPAIGN-MONITOR_SYDNEY-WILSON
real estate lake side property

Overcoming The Emotion of Family Properties

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.
retirement planning with spouse

Retirement Income Planning: Escaping from the Daily Grind

Odds are you too have invested far more time than necessary researching some banal household purchase. But if you are nearing your retirement or are already in the midst of it, how much time have you have considered your income strategy in retirement? Was it more or less than the time spent on your last Amazon.com purchase?
retirement planning with spouse

The Dangers of Senior Isolation

Old age “ain’t for sissies.” There is some truth to that.
bull and bear stand off

October 2016 Investment Perspectives

Finding Meaning in the Noise
managing trust and estate planning

Establishing Trust, Step-By-Step

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.
retirement planning with spouse

Roth Rules

How to Make a Roth Work for You

Whatever it Takes?

U.S. stocks were up modestly the first half of the year. The trip was anything but calm. A sharp drop early in the year was followed by a rally moving in tandem with higher oil prices.
bull and bear stand off

October 2015 Investment Perspectives

Learn to Love the Pullbacks

Dangerous Words

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.
managing real estate and gaining agreement

The Real Deal?

Forget about the get rich quick schemes for a moment and read Scott’s level-headed advice about the pros and cons of owning real estate.

Planning For What Matters Most

In this article, Jamie provides important counsel on how to prepare for your children's future.
bull and bear stand off

January 2014 Investment Perspectives

All Eyes On The Fed
financial abuse in elders

Don't Let Your Digital Assets Evaporate Into the Cloud

In this article, Melissa Taylor sheds light on a subject that has never crossed the minds of many, Digital Assets & Estate Planning.

Fees Matter

In Debi Combs article, Fees Matter, she explains the importance of knowing what fees are being charged in your 401(k) plan and how those fees can effect your bottom line at retirement.
how to plan for retirement

The Retirement Myth

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.

The Sword of Damocles: Funding the Living Trust

Jamie O’Shields writes about unfunded living trusts and the dangers of staying in the hot seat.
financial abuse in elders

Preventing Exploitation of Elders

Jennifer May discusses a topic we all hope to never experience but need to be made aware of. Elder exploitation is no joke. Learn how to arm yourself and your loved ones.
financial planning services

Yes, We Can!

David Stanley clears up a common misconception some individuals have when they hear the name “Trust Company of Oklahoma.”

Handling Overlooked Mineral Interests of Deceased Owners

Here in Oklahoma, families hold mineral interests, often for generations.
historical books

Family Wealth Preservation Trust

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.
managing trust and estate planning

The Road to Trustee Hell is Paved with Good Intentions

Joanna Murphy discusses the challenges individuals face when serving as a trustee or as an executor of an estate. Being a fiduciary carries a tremendous amount of responsibility ranging from detailed record keeping to bill paying, from tax returns to investments. But don’t despair - Joanna also shares how having a corporate trustee such as Trust Company of Oklahoma can help ease the burden when filling this role, especially for friends and family.

Prosperity with a Purpose

Is there a purpose for your prosperity? In other words, what are you trying to accomplish with your wealth?

The Oil & Gas Industry in Oklahoma

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

Planning & Caring for Children with Special Needs

Parents of children with disabilities are often faced with the challenge of providing a level of care most families never experience.
how to plan for retirement

What About My Retirement?

When I retire, I plan to travel to exotic places, spoil the grandkids I hope to have someday and spend lots of time on the beach. I know these dreams won’t come true without some wise decisions on my part--many of which have to do with my retirement plan.

The Unknown Certainty of Taxes

As the old saying goes, nothing in life is certain but Death and Taxes.
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