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Tulsa Law Blog
Adoption and Estate Planning
Adoption and Estate Planning in Oklahoma is a common concern. One of the questions people have is if the person adopted is entitled to inherit from both their natural parents and their adopted parents. Still more questions involve if the adopted person can inherit property through a will or by intestate distribution. If you’ve got questions regarding adoption and estate…
What is The Difference Between a Beneficiary and a Trustee in an Oklahoma Trust?
In an Oklahoma Trust the difference between a beneficiary and a trustee is important for deterring rights and duties. Under Oklahoma estate laws, a beneficiary in a Trust is an individual that will enjoy the Trust’s assets. In legal terms, beneficiaries are considered the Trust’s “equitable owners.” The beneficiaries may either receive the assets and cash from the Trust outright…
Do I Have To File Probate in Oklahoma
Whether or not you have to file probate depends on property the decedent owned when they died and the extent of the estate planning done while they were alive. If proper estate planning happens prior to death, there are many ways to make distributing assets upon death much easier. Avoiding probate in Oklahoma, as in any state, typically involves estate…
Calculating Pain and Suffering Damages in Car Accident Cases
While medical bills and lost wages are relatively straightforward to calculate after a car accident, calculating pain and suffering damages is more complex. These damages aim to compensate you for the physical pain, emotional distress, and diminished quality of life caused by your injuries. But how exactly are they calculated? Understanding how Oklahoma courts and insurance companies determine pain and…
Guns in Oklahoma Bankruptcy Cases
Guns in Oklahoma Bankruptcy are yours to keep but you have to disclose them to claim the exemption. When we prepare a client’s bankruptcy paperwork, we ask them about their assets, the things they own. This includes checking and savings accounts, retirement funds and other personal property. Many clients get nervous when we ask them to list what firearms they…
Do You Need A Will To Transfer Bank Accounts When You Die in Oklahoma?
To transfer bank accounts when you die there are a few different methods available in Oklahoma. A will works as a way to transfer ownership of an asset like a bank account from someone deceased to someone who is living. The will or Estate plan is used as a guide for a probate court judge to help determine where the…