In Oklahoma, a special needs trust (SNT), sometimes called a supplemental needs trust, is a legal tool designed to provide for the financial needs of a person with disabilities while preserving their eligibility for crucial government benefits like Medicaid and Supplemental Security Income (SSI). Setting up a special needs Trust requires that the estate plan is especially careful with the…
In Oklahoma, if you believe a will doesn’t truly represent the wishes of the deceased because of issues like fraud, lack of proper execution, or undue influence, you have the right to challenge it. This is a significant step, especially if you stand to be affected by the outcome. Initial Steps to Contesting a Will To start the challenge, you…
Deciding when to place your house in a trust is a significant decision. This can impact your financial and estate planning. In Oklahoma, using a trust to manage your property can offer several benefits,. Some of them include avoiding probate, managing your assets if you become incapacitated, and keeping your financial affairs private. This article will guide you through understanding…
In Oklahoma, there are many instances where you need to file probate to transfer the title of your parents home when they pass away. The need for probate to transfer ownership of your parents’ house to you depends on several factors. Further, those include how the property is titled, whether there is a valid will. Here are some scenarios: Joint…
Estate planning basics in Rogers County informs people about Wills, Trusts and asset protection. Estate planning isn’t only for the wealthy. If you fail to have a plan in place, it is your family that pays the price after you pass away. Settling your affairs without a plan will likely have long-lasting and costly impacts on your family. However, if…