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. Robert Massi, an attorney […]
Ancillary probate allows out-of-state families to transfer Oklahoma real estate and mineral interests without unnecessary delay. Summary probate is also available when no home-state probate is needed. A flat fee is usually available.
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 […]