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If you own a home or other real estate in Oklahoma, you may be wondering whether it’s a good idea to transfer that property into a living trust. For many families, placing real estate into a revocable living trust offers significant legal and financial advantages—especially when it comes to avoiding probate and protecting heirs. Here’s what you need to know about how living trusts…
There are circumstances where creating a trust may be better than a will. Estate planning is a key step in protecting your assets and ensuring your wishes are honored after your death. In Oklahoma, two of the most common tools for this purpose are wills and trusts. This article explains the key differences between wills and trusts in Oklahoma and when choosing a trust…
Having to prove a will is valid can be a complex process. This process—called “probating the will”—ensures that the decedent’s wishes are honored and that the document meets all legal requirements under Oklahoma law. If you are preparing to probate a will or anticipate a challenge, understanding how to prove a will’s validity is essential. 1. File the Will With the Probate Court The…
A Power of Attorney (POA) is a legal document that allows an individual, known as the principal, to grant someone else, known as the agent, the authority to make decisions on their behalf. Powers of Attorney are often used to manage financial matters, health care, and legal affairs, especially when the principal is incapacitated or unable to act independently. There are several types of…
A holographic will is a type of will that is handwritten and signed by the testator (the person making the will) without the need for witnesses. This form of will can be simpler and more straightforward to create compared to a formal, typewritten will. In Oklahoma, holographic wills can be legally valid, provided they meet certain criteria. Requirements for a Valid Holographic Will Unlike…
To win a will contest in Oklahoma you must follow very specific probate law in the state. When a loved one passes away, they might have a will outlining how they wish their assets to be distributed. However, if you believe the will does not accurately reflect the decedent’s intentions because of undue influence, fraud, or another valid reason, you may consider contesting the…
An effective estate plan must have certain key components for it to be successful. This makes estate planning a crucial aspect of financial management and legacy preservation. It involves arranging for the distribution of your assets and properties after you pass away. Successful estate planning ensures the fulfillment of your wishes. It ensures that the people you want to make gifts to actually get…
When someone dies in Oklahoma it may be necessary for you to file a probate in Wagoner County. The process is fairly complex and set out in Oklahoma statutes. Filing a probate is necessary to transfer personal property as well as real property including thee homes or businesses they owned when they died. Read through the following article for more information on the probate…