Category Archives: Real Property
What to do After the Death of a Loved One
Losing a loved one can be a difficult experience. Despite the emotional trauma involved, you may also be responsible for handling a variety of financial, legal, and administrative tasks. You may find yourself unsure of where to begin and what to do. However, do not be hasty when settling your loved one’s estate. Important decisions… Read More »
Do I Need A Prenuptial Agreement?
Prenuptial agreements, also known as premarital agreements or even “prenups”, are agreements between prospective spouses made in contemplation of their marriage. A prenuptial agreement helps a married couple establish what is yours, what is mine, and what is ours. These agreements become effective upon marriage, and deal with how you and your spouse’s finances are… Read More »
Basics of Estate Planning – Part Two
Goals of Estate Planning Here are four goals for every estate plan: Every estate plan should increase and preserve your property during your lifetime. This includes managing liquidity, building or increasing retirement benefits, and minimizing tax burdens. Every estate plan should provide for your beneficiaries after your death, with provisions tailored to each beneficiary’s specific… Read More »
What to Do When You Lose Your Spouse
Losing your spouse is never easy. Here are some things to remember once you are ready to move forward: Obtain. You should obtain multiple certified copies of the Death Certificate when it becomes available. You are going to need one for every life insurance policy, and many of the institutions holding assets will require one as well…. Read More »
Changes Coming to Oklahoma’s Nontestamentary Transfer of Property Act (Transfer on Death Deeds)
Oklahoma probate law allows a person who owns an interest real estate to transfer the interest at the time of their death, without the need for probate. This is an excellent way for a person with a relatively small or simple estate to transfer a home, some land or even mineral interests to a friend or… Read More »