Melia Advisory Group (918-794-9290) has released a mini-guide to revocable and irrevocable living trusts, discussing trust structures, special needs trusts, and the correct use of durable powers of attorney (DPOAs).
-- Melia Advisory Group's new guide addresses the mechanics of revocable and irrevocable living trusts for Tulsa residents planning their retirement. Many people find it difficult to distinguish between these trust types, which can lead to mistakes in how assets are titled or how heirs are protected. Drawing on more than 50 years of combined advisor experience, the firm clarifies how each structure meets different goals—from maintaining daily control to improving tax efficiency.
More information is available at https://www.meliagroup.com/estate-planning
The team at Melia Advisory Group highlights a common worry for Oklahoma families: the cost and time involved in probate. Oklahoma's Summary Administration, which is a faster alternative to traditional probate, only applies to estates valued under $200,000. This leaves many households facing a legal process that can last months or years. The guide explains how living trusts help residents avoid these court procedures and keep their financial affairs private.
Revocable living trusts provide Tulsa residents with flexibility and probate avoidance. The person who creates the trust (the grantor) keeps full authority over the assets and can change or end the trust at any time. Melia Advisory Group coordinates these legal tools with an income-focused investing strategy. This "Income First" approach is designed to protect the "chicken" (the principal) while allowing the owner to live off the "eggs" (the dividends and interest).
Irrevocable trusts are often used by those who want to prioritize asset protection and reduce future taxes. Under the One Big Beautiful Bill Act (OBBBA), the federal estate tax exemption was permanently set at $15 million per individual ($30 million for married couples) starting January 1, 2026. Additionally, irrevocable trusts set up at least five years before a Medicaid application can help shield assets from spend-down requirements, which helps preserve a legacy for children or grandchildren.
Melia Advisory Group uses its fiduciary background to help clients decide which trust fits their specific situation. As a local firm, they provide personalized service that large national brokerages often lack, focusing on active portfolio management rather than "set-and-forget" strategies. The guide is designed to give residents the basic facts they need before they sit down with an advisor to coordinate their financial, legal, and tax plans.
The guide also discusses Special Trusts and the use of a Durable Power of Attorney as "a superior alternative to putting children's names on an asset." Melia Advisory Group personalizes the estate planning process and conducts a thorough document review to help Tulsa clients secure their assets.
For more details about estate planning and retirement income solutions, visit https://www.meliagroup.com/
Contact Info:
Name: Contact Melia
Email: Send Email
Organization: Melia Advisory Group
Address: 5424 S Memorial Dr Building E, Tulsa, Oklahoma 74145, United States
Website: https://www.meliagroup.com/
Source: PressCable
Release ID: 89183050
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