The purpose of probate is to legally transfer title of a deceased person’s property and assets to the heirs. In Oklahoma, the probate process involves initiating a court case, where a Personal Representative (or Executor) is appointed by the Court to manage the probate case. From there, the P.R. must notify creditors, meet legal deadlines, resolve objections between family members, order appraisals of property of the estate, and work until the entire estate has been distributed.
If it sounds like a lot of work, that’s because it is.
Which is why many people in Oklahoma seek to avoid the probate process altogether. Most parents do not want to burden their children with unnecessary legal responsibilities, but they do when they fail to proactively plan their estate.
If you can avoid having to leave your family members with the responsibility of a court case, you can save a lot of pain and stress that could results. Even if you simply reduce the amount of property that must go through Probate Court, you can make a significant difference in the aftermath of your death.
There are many ways of planning your estate that can either avoid probate altogether, or lessen the amount of time that must be spent in probate court. Our Oklahoma City Estate Planning Attorney can advise you on all of the following:
- Pour-Over Wills
- Life Insurance
- Joint Tenancy Real Estate
- Joint Tenancy bank accounts
- Joint Accounts
For more information on avoiding probate of your property, call us at (405) 724-8112 or send us an email.