Beneficiary Designation, Estate Planning, Oklahoma, probate, Trusts

How to Handle Titled Transportation Vehicles to Skip Probate

Most people know how to put beneficiary designations on their accounts to skip that asset from going to probate. Most of the time, it is a one or two page form that the financial institution provides you. (See more about that at our post about Beneficiary Designations). However, one type of asset that is often… Continue reading How to Handle Titled Transportation Vehicles to Skip Probate

Beneficiary Designation, Estate Planning, Oklahoma, probate, Trusts, Wills

Beneficiary Designations

One of the most common questions I receive from clients is the question of beneficiary designations and how they relate to their Will or Trust. One important thing that must be said is that beneficiary designations, including IRA's, life insurance, annuities, bank accounts, etc., go outside probate and the trust. What is said in the… Continue reading Beneficiary Designations

Estate Planning, Oklahoma, probate, Trusts

What Happens To My Trust After I Pass Away?

Many people who create a Revocable Living Trust fail to understand what happens to the trust after they are gone (for more information about types of trusts, see Let's Talk Trusts). One of the most common misconceptions is what happens to a Revocable Living Trust after the trustmaker or "trustor," or the person who created… Continue reading What Happens To My Trust After I Pass Away?

Estate Planning, Legal News, probate, Uncategorized, Wills

A Common Error to Avoid Probate

One common scenario that estate planning attorneys encounter is clients who believe that deeding their home to their children solves the problem of avoiding probate. Most retired individual's main asset is their home, which many have paid their mortgage off. Such a situation is common for many of our clients, and the attorneys at Skillern… Continue reading A Common Error to Avoid Probate

Estate Planning, Holographic Wills, Intestacy, Legal News, Oklahoma, probate, Wills

Why Online Wills Can be Harmful to Your Estate Planning

In September of 2010, a non-lawyer wrote an article about her experience trying out four different will-making computer programs. This article appeared in the New York Times. After she got all four different wills drafted, she took the wills to an established estate planning lawyer in New York City, and had them reviewed. The results… Continue reading Why Online Wills Can be Harmful to Your Estate Planning

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

Simple Ways to Avoid Probate

Most people know that Revocable Living Trusts are a great way to avoid probate. And if you don't, please read a previous blog about probate and how a trust can help here. On today's blog post, Skillern Law Firm is going to discuss other ways to avoid probate if you already have a trust, or… Continue reading Simple Ways to Avoid Probate

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

The Problems with Handwritten Wills

Oklahoma allows the probate courts to admit holographic (or handwritten) wills. There are certain considerations that are very important to consider if you think a holographic will is right for you. Today on Tulsa Estate Planning Blog, Skillern Law Firm, PLLC will help you figure out if its right for you. First, there are important, strict… Continue reading The Problems with Handwritten Wills

Estate Planning, Oklahoma, probate, Trusts, Wills

What is Probate and Why Should I Avoid It?

When Skillern Law Firm P.L.L.C. discusses the benefits of a will or a trust, inevitably probate comes up. We advise clients to avoid probate, since it is costly and a complicated process that can easily be avoided by a trust. Still, many clients ask us: "What is probate”? Our answer is: it depends. Basically, probate… Continue reading What is Probate and Why Should I Avoid It?

Estate Planning, Oklahoma, probate

Payable On Death (POD) – Good or Great Idea?

Avoiding probate is one of the most common concerns clients have when they come to Skillern Law Firm, PLLC. One of the easiest ways any individual or family can avoid probate on their bank accounts is putting a Payable on Death (POD) designation on the account.  A POD designation allows the account to pass from… Continue reading Payable On Death (POD) – Good or Great Idea?

Custody, Estate Planning, Family Law, Intestacy, Oklahoma, Oklahoma News, probate, Wills

Why Should I Get A Will Now?

The more clients and friends that we talk to, the more we see why so many people put off writing their will.  No one especially wants to think about their own future death, and no one really wants to plan for it. In reality, however, everyone needs to have a will prepared, even at a… Continue reading Why Should I Get A Will Now?