Oklahoma residents who undertake the probate process are unfortunately going to be dealing with a lot of potentially unfamiliar legal hurdles. Lidia Law Firm, P.C., is here to help you through as you decide what you need to do. It's highly advised for anyone going...
Lidia Law Firm, P.C.
The basics of a joint will
As Oklahoma couples move through their lives, they may realize they need a will. There are many reasons people should write a will and as they begin to explore the process, people may quickly feel overwhelmed when they see how many options they have. One option some...
How do trustee fees compare to will executor fees?
You probably already know by now that wills and trusts have different roles to play, and while every situation is different, you may find it helpful to incorporate each into your estate plan in Oklahoma. Even if you believe that a trust may be potentially beneficial...
If you have a trust, do you still need a will?
When you set up a revocable trust in Oklahoma, you arrange for a trustee to hold some assets aside for distribution to one or more parties after your death according to the terms you stipulate. A revocable trust is also sometimes called a "living trust" because as...
Why executors should deal with estate debt early
It is common for people to die with some debts still outstanding. However, just because someone in Oklahoma dies, it does not mean that the debts that person incurred in life die as well. Since those debts can come back to haunt the estate of the deceased, the...
Are there limits on what you can put in a will?
Making a will in Oklahoma is a smart way to express your wishes to your surviving relatives as to how you would like them to handle your estate after your death. However, just because you want your property handled in a particular way does not make it legal or...
Late artist’s estate sues over use of images in horror film
A common misconception that many in Edmond may have regarding estate administration is that it is a singular event. While that may be true in certain cases, many times estate administration can be a process that plays out over several years (even decades). This is...
What is the role of an executor?
As you prepare your estate, you will have to choose an executor. Understanding what the executor does will help ensure that you pick the right person for the job. According to Forbes, the main duty is for the executor to carry out your wishes. However, the job entails...
What is a special needs trust?
If you are the parent of an Oklahoma special needs child, you undoubtedly do everything in your power to see to it that your child receives the care and services (s)he needs. But you also likewise worry about who will care for your child if (s)he outlives you and if...
Deciding if revocable trusts are right for you
Oklahoma residents who are going to become a grantor for a beneficiary will have a number of things to consider. The type of trust they want is one of the first things that should undergo consideration. Taking a look at revocable trusts first, the American Bar...