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Beneficiary Designation, Estate Planning, Oklahoma, probate, Transfer on Death Deed, Trusts, Uncategorized

Transfer on Death Deeds: What you need to know.

In estate planning, there are two types of avenues for when someone passes, probate transfers and non-probate transfers. Non-probate transfers have become increasingly popular because no one wants to actually go through the hassle of dealing with a probate. One way to ensure that property does not have to go through probate is to execute… Continue reading Transfer on Death Deeds: What you need to know.

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Beneficiary Designation, Estate Planning, Family Law, Legal News, Minor Estate Planning, Oklahoma, Oklahoma News, Trusts, Uncategorized

Minors as Beneficiaries: A Good Idea or More Than You Bargained For?

Issues can pop up when you leave minors as beneficiaries. Read it about them here!

Beneficiary Designation, Business, Digital Assets, Estate Planning, Legal News, Life Insurance, Oklahoma News, Trusts

Planning for your Digital Estate

As our world moves further along in the Digital Age, we as a society have become increasingly dependent and intrigued with the digital world around us. As a result of this dependence we have created and accumulated vast amounts of "digital assets". These digital assets range from and include the digital files on a computer,… Continue reading Planning for your Digital Estate

Divorce, Estate Planning, Holographic Wills, Intestacy, Legal News, Oklahoma, probate, Trusts, Uncategorized, Wills

“I Know What Will Happen to my Finances, but What Will Happen to my ‘Stuff?’”

A common question in estate planning is: “How do I dispose of my ‘stuff?’” While bank accounts can have beneficiaries listed, and items like homes and vehicles can be titled over to a trust, passing on the jewelry, furniture, and antiques around our homes may be less obvious, but does not necessarily need to be… Continue reading “I Know What Will Happen to my Finances, but What Will Happen to my ‘Stuff?’”

Estate Planning, Legal News, Oklahoma, Trusts, Wills

Estate Planning for Your Facebook Account?

  These types of assets are referred to as digital assets. Digital assets are your personal e-mail accounts, online bank and brokerage accounts, frequent flier accounts, Facebook accounts, and other social media websites. There are four main categories of digital assets: Personal assets Social media assets Financial assets Online business accounts While you may not… Continue reading Estate Planning for Your Facebook Account?

Beneficiary Designation, Estate Planning, Transfer on Death Deed, Trusts, Uncategorized

Oklahoma’s Transfer on Death Deeds

Before 2008, there was no way in Oklahoma for real property or mineral rights to skip probate except for a revocable trust. In 2008, the Oklahoma legislature passed 58 O.S. Section 1251-1258. This statute codified Oklahoma's Transfer on Death Deed ("TODD"), otherwise known as a "beneficiary deed." This allows the owners of real property, including… Continue reading Oklahoma’s Transfer on Death Deeds

Estate Planning, Intestacy, Oklahoma, probate, Trusts, Uncategorized, Wills

Never write on your original estate planning documents

I have many clients that come into my office that have written, scribbled, crossed-out, or marked all over their estate planning documents. This can be a big mistake with big consequences! What should you do if you have a Will or a Trust that you wish to change, amend or revoke? One thing people frequently… Continue reading Never write on your original estate planning documents

Advance Directives, Estate Planning, Oklahoma, probate, Trusts, Uncategorized, Wills

As your life changes, so should your estate plan.

Most of our clients come to us to help make their loved ones' lives easier - not more difficult. Many people will come in wanting a very simple estate plan because of the cost or because they believe their estate is not large enough to cause anyone any issues. However, often, very simple estate plans… Continue reading As your life changes, so should your estate plan.

Estate Planning, Intestacy, Oklahoma, probate, Trusts, Wills

Reasons to Choose Going to Probate

As an estate planning attorney, most of my clients are meeting with me to help avoid probate as much as possible. I have written previous posts all about how to avoid probate. However, sometimes, probate can be beneficial in certain circumstances. A lot of estates go through probate, which is the court process to distribute… Continue reading Reasons to Choose Going to Probate

Estate Planning, Family Law, Guardianship Designations, Trusts, Uncategorized, Wills

Estate Planning for Your New Expanded Family

The attorney of Skillern Law Firm, PLLC, Penni Skillern, recently had a baby girl in January of 2015. Yes, that is why there was a lack of blog posts and updates on our website. The first thing she did when she was able to go back to work was update her estate plan to reflect… Continue reading Estate Planning for Your New Expanded Family