Portability and Blended Families…May Not Be A Good Mix!

Portability has been discussed in a prior blog but as the federal statute is fairly new, case law has been scarce. A recent Oklahoma Supreme Court (the “Court”) case has lawyers rethinking prenuptial and postnuptial agreements and the drafting of estate planning documents. As a reminder, the following is an…

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Estate Owns a Car? Be Careful!

When an individual passes away, assets held in such individual’s name (and with no named beneficiary) generally become assets of that individual’s estate. Assume the individual owns a car, dies and his child drives the car before someone is appointed as personal representative. Child causes a wreck. Is the estate…

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