A trust is the right tool for some Warr Acres households and the wrong tool for others. The cases where it earns its keep in this community: families with substantial appreciated home equity, blended families with children from prior relationships, small business owners with operating interests, and families with property in multiple counties or states.
When a Warr Acres trust earns its keep
- Blended families.
- Significant appreciated home equity.
- Small business interests that should pass cleanly.
- Multi-county or multi-state property.
- Out-of-state heirs.
- Beneficiary protection (creditors, divorce, poor decisions, bad timing).
- Continuity if you become incapacitated.
The Warr Acres funding step
- Re-deeding the home at the Oklahoma County Clerk.
- Re-titling bank and brokerage accounts.
- Updating beneficiary designations on retirement accounts and life insurance.
- Assigning business interests with operating agreement amendments where needed.
Trust packages
- Revocable living trust (joint or individual)
- Pour-over will
- Durable power of attorney for finances
- Health care power of attorney
- Advance directive
- HIPAA authorization
- Funding instructions