Several myths surround trusts that discourage people from learning about them. Lets look at some of them. Trusts are for the very wealthy: Untrue: Trusts can be for anyone with assets or beneficiaries that need to be protected. There is no minimum estate value that is needed to create a Trust. […]
Ancillary Probates in Oklahoma Ancillary Probates in Oklahoma The spouses children, heirs, devises or legatees of an individual who dies owning property in several states may be faced with having to have probate actions in each of those states. An ancillary probate may be the solution Royalty Payments in Suspense? Often an oil and gas […]
Here is the problem. Title in many assets does not automatically pass to the relatives without a court order. Troublesome assets include: Real Estate Oil, Gas, Royalty and Mineral Interests Vehicles Bank Accounts Often children or even a spouse may find that they are unable to sell, mortgage or transfer the property because “title” is […]