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...]
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...]
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 find yourself in just … [Read more...]
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 your … [Read more...]
Common Steps in the Probate Process
If you have lost a family member or loved one, you are going through an emotional time. If you are also responsible for administering the decedent’s estate, either because you were appointed in a Will or because you volunteered for the job, your plate is overflowing and you have an important job ahead of you. If you are a beneficiary or heir of the estate, you undoubtedly want to know what to expect from the probate process ahead. If you have never been through a probate, you may feel … [Read more...]
Things for a First-Time Executor to Consider
When a loved one passes away, the loss you feel can be overwhelming and debilitating for an indeterminate amount of time afterward. Typically, you at least have the luxury of working through your grief on your own schedule. If you were also named as the Executor in the decedent’s Last Will and Testament, however, you must set aside your grief to some extent because your loved one is counting on you to handle the administration of his/her estate. If this is your first time overseeing the probate … [Read more...]
Glen Campbell’s Children Contest Will After Being Cut Out
The world lost its “Rhinestone Cowboy” last year when country music legend Glen Campbell passed away on August 8, 2017. Known for songs like "Gentle On My Mind," “Galveston," and “Wichita Lineman," Campbell was inducted into the Country Music Hall of Fame in 2005 and was married to his fourth wife, Kimberly Campbell, at the time of his death. He was survived by eight children. At the time of his death, Campbell was suffering from Alzheimer’s disease, which plagues one in three seniors aaccording … [Read more...]
What Probate Lawyers Wish Executors Knew
Probate lawyers at Parman & Easterday provide personalized help to all those who going through probate. We represent those who has been named as executor of an estate, the heirs or beneficiaries of an estate, and even those who believe a last will and testament doesn't accurately reflect the wishes of the deceased and should be contested. While probate can be long and stressful for everyone involved, those who serve as executor of an estate have primary responsibility for the probate … [Read more...]
Key Reasons to Get Legal Help with Probate
Probate attorneys at Parman & Easterday can provide you with help during the probate process. The probate process is the legal process that must take place following most deaths. The process occurs in court and ensures the affairs of the estate of the deceased person (decedent) are concluded appropriately in accordance with the law. The executor of an estate, who is appointed to oversee the probate process, along with heirs or beneficiaries, are all involved in the probate process. … [Read more...]
What If Money Is Left To A Minor?
Probate attorneys assist with the transfer of assets during probate, which can take a year or more to complete, according to Investopedia. Many different steps are involved and complications may emerge. An issue that frequently arises in probates is what happens when money or property is left to someone underage. Generally, a minor under 18 is not legally able to inherit and manage his or her own money. This means special steps must be taken if money is being left to a minor. If you are … [Read more...]
