As your estate and your family grow, your estate plan should grow with them. Over the course of your life you will probably add additional goals and objectives to your overall plan. One of the most popular additions to the average estate plan is probate avoidance. An Overland Park probate attorney at Parman & Easterday explains why avoiding probate is so important. The Probate Process Probate is the legal process typically required after the death of an individual. Probate serves … [Read more...] about Why Is Avoiding Probate So Important?
Probate
When Might an Estate Accounting Be Required?
If you recently lost a loved one, you are likely going through a period of grief and other heightened emotions. If your loved one appointed you to be the Executor of his or her estate, you still must focus on the legal and practical steps required during the probate that follows. Normally you will be required to provide an estate accounting. For a first time Executor, an Overland Park probate attorney at Parman & Easterday can assist you when an estate accounting is required. What … [Read more...] about When Might an Estate Accounting Be Required?
How Long Will It Take to Probate My Father’s Estate?
Dealing with the loss of a father is never easy. When you are also in charge of probating your father’s estate, it can be a particularly stressful time as you try to manage your grief and focus on administering the estate at the same time. If this is also your first time acting as an Executor, you may know very little about the probate process. To give you some idea how long it will take to probate your father’s estate, an Oklahoma City probate attorney at Parman & Easterday explains how … [Read more...] about How Long Will It Take to Probate My Father’s Estate?
What Executors Need to Know About Oklahoma Probate Laws
Oklahoma probate laws govern every aspect of the probate process, which occurs after most deaths within the state. Unless the deceased has taken steps to ensure all property can pass outside probate, the probate process is necessary to facilitate the transfer of the deceased's assets and the winding up of his or her estate. The executor has a fundamentally important role to play during the probate process and it is imperative the executor know all the Oklahoma laws which must be … [Read more...] about What Executors Need to Know About Oklahoma Probate Laws
What are the Rules for Intestate Succession in Oklahoma?
If you die intestate and do not have a will to provide instructions about your wishes, you will not have control over who inherits your property. Then, the state of Oklahoma will determine who should receive money and assets that you acquired over the course of your life. So, unless you want the state of Oklahoma to decide who get's your assets, it is important to create a will. That way you do not die intestate. Yes, when you create a will, you avoid the laws of instate … [Read more...] about What are the Rules for Intestate Succession in Oklahoma?
Who Gets to Administer My Father’s Estate If the Family Doesn’t Agree on an Administrator?
Whether you are 12 or 62, the death of a parent is not easy to handle. If you recently lost your father, you are probably still grieving the loss. At the same time, you may be feeling the need to get started on the administration of your father’s estate. If your father failed to leave behind a Last Will and Testament appointing an Executor of his estate, someone must petition to become the Administrator. What happens if the family cannot agree on who that person should be? If you find yourself … [Read more...] about Who Gets to Administer My Father’s Estate If the Family Doesn’t Agree on an Administrator?
Benefits of Probate Avoidance Planning
Probate avoidance planning is something not many people have heard of, but about which everyone should be aware. If you do not take steps to avoid the probate process, your assets will almost assuredly transfer through through probate after you pass away. There are significant downsides to your money and property being transferred through probate, which is why it can be smart to take steps to ensure this doesn't happen. Parman & Easterday can assist you with taking steps to ensure your … [Read more...] about Benefits of Probate Avoidance Planning
What Are the Steps in the Probate Process?
Most people will be involved in the probate of an estate at some time during their life. Your involvement may be the result of overseeing the administration of an estate or as the beneficiary of an estate. In both instances, knowledge of the probate process is beneficial. It is also beneficial to understand the probate process to help you create your own estate plan. With that in mind, the Oklahoma City probate attorneys at Parman & Easterday discuss some common steps in the probate … [Read more...] about What Are the Steps in the Probate Process?
Top 5 Executor Duties
Ideally, when someone creates a Last Will and Testament he/she discusses the appointment of the Personal Representative (formerly referred to as "Executor" or "Executrix") with the prospective Personal Representative before making the appointment official and executing the Will. In reality, however, that doesn’t always happen. Consequently, it is not uncommon for a grieving loved one to find out that they have been appointed to administer the estate of the decedent. If you … [Read more...] about Top 5 Executor Duties
Tools and Strategies to Avoid Probate
When you create your estate plan, you normally identify several important goals and objectives you want it to accomplish. One of the most important estate planning goals is to avoid probate. Although every estate plan is unique, there are common tools and strategies you may choose to avoid probate in your own estate plan. Why Should I Try to Avoid Probate? Avoiding probate is a common estate planning goal for several reasons. First, if your estate goes through probate, all the terms of … [Read more...] about Tools and Strategies to Avoid Probate
