Tulsa Estate Attorney Blog
Avoiding Probate Hassles: Are Joint Tenancy Deeds the Solution?
In this blog post, Oklahoma attorney Meg Prestidge discusses the importance of avoiding probate and the potential hassles it can cause for loved ones left behind. She highlights two methods to avoid probate: joint tenancy warranty deeds and life estate instruments. With joint tenancy, multiple individuals can jointly own a property, ensuring a smooth transfer of ownership upon death. Alternatively, a life estate allows the property owner to name themselves as the grantor and the desired beneficiaries as grantees. The grantees can be listed as joint tenants or tenants in common. For more information and a detailed explanation, readers are encouraged to visit Meg Prestidge's website or contact her directly. Read more »
How to Avoid Probate in Oklahoma?
In this blog post, Oklahoma attorney Meg Prestidge addresses a common concern: how to avoid probate. Having witnessed the lengthy and costly process of probate, many individuals seek alternatives. Meg suggests several methods, starting with a joint tenancy warranty deed. By adding your spouse's name to the deed, you can own the property in joint tenancy with rights of survivorship. Another option is creating a living revocable trust, which Meg promises to explain in more detail in a future post. She also mentions transfer on death deeds and creating a life estate as potential ways to avoid probate. For further assistance, readers can contact Meg through oklahomawillandtrust.com. Read more »
Are Living Revocable Trusts Changeable after the Grantor’s Death in Oklahoma?
Are you considering a living revocable trust but concerned about its validity after your passing? Attorney Jason Lile explains that, by operation of the trust, a revocable trust becomes irrevocable upon your death and cannot be changed. Additionally, the successor trustee named in the trust is legally bound to act as a fiduciary and carry out your wishes to the best of their ability. To further protect your trust from alteration or forgery, Lile recommends creating self-proving documents and distributing several copies to trusted family members and representatives. Contact OklahomaWillandTrust.com for more information on estate planning and trust creation. Read more »