Preserving Your Last Will And Testament

last will and testament

Because┬álast will and testament is one of the most important original legal documents possessed by many people. A last will and testament is generally a signed and witnessed document that specifies who gets what when you die. Most people are aware of the importance of having a valid Oklahoma will. However, once prepared, it’s often a document that gets filed away and forgotten or…

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Estate Planning Attorneys Incapacity Plan

The Critical Components of an Oklahoma Incapacity Plan Although it may be tempting to put off planning for oneai??i??s future incapacity, the process of developing a plan so that your financial affairs and medical decisions are handled properly is extreme important. If you do not prepare legal documents that provide guidelines for medical providers and financial institutions or designate someone to act as your…

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Oklahoma Family Wealth Preservation Trusts

Tulsa Wills and Trusts Lawyers: In the year 2004 the Oklahoma Lawmakers passed new Estate planning legislation designed to help Oklahoman’s preserve their assets in what is named the Oklahoma Family Preservation Trust. The statute is codified in the Oklahoma Statutes Title 31 sec. 10. The act allows Oklahoman’s to create a Trust with its assets not to exceed 1 Million dollars in value….

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Oklahoma Probate Law, Dying Without A Will In Oklahoma.

Probate Law in Oklahoma: If you die with or without a will in Oklahoma you must go through the probate process. If you die with a Will the property of the Decedent will be distributed by the terms of the valid will. If on the other hand you die without a will or Trust in Oklahoma the property of the Estate will be distributed…

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Oklahoma Estate Planning and the Pour-over Will

What is a Pour- Over Will in Oklahoma Estate Planning: A Pour-Over Will is an estate planning tool that is used in conjunction with a trust. When a person creates a Trust in Oklahoma they must fund the trust. That means they must place the assets of their estate in to the trust by changing the title name of those same assets. Many times…

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Irrevocable Life Insurance Trusts and Oklahoma Estate Planning Attorneys

What is an irrevocable Life Insurance Trust: Generally an Irrevocable Life Insurance Trust is a value to those persons who have a significant amount of money and assets that will be inherited by those acting as beneficiaries of the Trust or Will. The reason for this is that Estate Planning Lawyers primarily use a life insurance trust as a means of limiting Federal Estate…

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Oklahoma Estate Planning Lawyers Irrevocable Trusts

Irrevocable Trusts and Tulsa Ok Estate Planning Lawyers: There are many differences between a revocable Trust and an Irrevocable Trust for the Purpose of Estate Planning and asset protection in Oklahoma. With an irrevocable trust the assets of the trust are placed beyond the control of the Trustor and managed solely by the Trust administrator. This is different than a revocable trust which uses…

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Tulsa Oklahoma Living Trust Lawyers

What is a Revocable Trust: Living trusts or inter vivos trust is a trust made while the grantor is still alive. A living trust will allow you to transfer all or a part of your assets to the trust rather then transferring your assets when you die. The grantor usually is the sole trustee but in some States it is required that there is…

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Oklahoma Wills and Why You Should Have One

Should I Have a Will in Oklahoma: One of the most important documents you have drafted in your lifetime is a will. Many times we tend to put off having our last will and testament drafted as this document is a real time recognition that our place on this Earth is limited. The truth is that although we may not need a will today…

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