Whether you’re considering a revocable living trust or an irrevocable trust, it’s important to understand the basic rules that govern trusts in Oklahoma. A trust can be a valuable tool in Oklhaoma estate planning, but errors can be costly. This article explains the key legal requirements for creating and maintaining a trust, and why having a trust can protect your…
When planning your estate in Oklahoma, one powerful legal tool available to you is an irrevocable trust. Unlike revocable trusts, which you can change or revoke during your lifetime, this option is permanent once you create and fund it. This permanence offers distinct advantages in estate planning, asset protection, and tax reduction. What Is an Irrevocable Trust? An irrevocable trust…
In Oklahoma, if you believe a will doesn’t truly represent the wishes of the deceased because of issues like fraud, lack of proper execution, or undue influence, you have the right to challenge it. This is a significant step, especially if you stand to be affected by the outcome. Initial Steps to Contesting a Will To start the challenge, you…
Challenging a will for incapacity can be a complex process, but it is sometimes necessary to honor a decedent’s true intentions. Wills are tools that allow a person to make conscious and deliberate decisions on what happens to their assets when they die. However, extenuating circumstances can lead to someone not being in the right state of mind when they…
In Oklahoma, you have the right to appeal a probate court decision you believe is incorrect or unjust. First and foremost, it is essential to understand that an appeal is not a retrial. You cannot present new evidence or re-argue the facts of the case. Instead, an appeal focuses on whether the probate court made legal errors that affected the…
Dying without a will in Rogers County creates problems for your estate. Throughout the United States, individuals have been taking all sorts of corona virus-related precautions. But with more than 215,000 deaths in the country and with no end to this pandemic in sight, many pre-retirees and retirees are going a step farther and getting their estate planning done early…