Necessary due diligence considerations when selling a business
Selling a business requires the perspectives of the buyer and the seller in Oklahoma. Both sides need certain due diligence procedures to get the deal done. Buyers usually prefer asset deals as an asset purchase transaction or as a purchase…
The purpose of a probate sale
After a person’s death, the property is transferred to its rightful owners. The situation is complicated if there is no will and often requires a court-ordered process. The main steps of a probate sale are handled in a court in…
Advantages and disadvantages of a grantor trust
Trusts can be very effective financial tools for diverting assets to another individual or for a specific purpose such as providing cash flow for a foundation. They can be either revocable or irrevocable as well, which means that revocable trust…
What should you understand about guardianships?
A guardianship gives an individual the legal authority to provide care for another person or property. In Oklahoma, guardians may be appointed for either children or adults. Probate courts oversee guardianships, and the appointments may be part of estate planning…
A trust can help protect assets left to your children
Working diligently at a job in Oklahoma can help you accumulate several assets. When this occurs and you have children, you’ll likely want to pass on your inheritance. Unfortunately, your wishes may not be fully met if you only use…
Preparing an LLC operating agreement in Oklahoma
If you’re looking to start a business in Oklahoma, an LLC might be one of the best business structures to choose. This is because it offers sufficient flexibility and protection for the owners. However, to get the most out of…