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

Advance Directives, Estate Planning, living wills, Oklahoma, Oklahoma News

Avoiding the Terri Schaivo Case – The Oklahoma Advance Directive

One of the most prominent cases of Living Wills or Advance Directives was the Terri Schaivo case in the early 2000s. It is prominent for Living Wills, in that Terri Schaivo did not have one, and her situation caused a legal battle that lasted years and costed thousands of dollars for her family. In this… Continue reading Avoiding the Terri Schaivo Case – The Oklahoma Advance Directive

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 probateā€? Our answer is: it depends. Basically, probate… Continue reading What is Probate and Why Should I Avoid It?

Advance Directives, Estate Planning, Intestacy, living wills, Oklahoma, Trusts, Uncategorized, Wills

Your life is not static, so why is your estate plan?

It is important to periodically review your will and estate plan. Life changes often require that you reassess your estate plan. Children Most parents are concerned about how their children will be cared for in the event that one or both parents suffer an accident or areĀ incapacitated. It is important to name a guardian for… Continue reading Your life is not static, so why is your estate plan?

Legal News, National News, Oklahoma News

SCOTUS

The Supreme Court of the United States' (SCOTUS) October session started yesterday, October 3rd. I was looking forward to this term, since there are a lot of interesting and important cases coming up on the Court's docket. There are 48 cases on the Court's docket thus far. There are, however, plenty of important cases being… Continue reading SCOTUS