What are the difference between wills and trusts?
When planning for the future, it is important to consider how other people will distribute your assets after you die. Two common legal tools used for this purpose are wills and trusts. While both serve similar purposes, they have distinct…
Advantages of a revocable living trust
A revocable living trust in Oklahoma is a valuable tool for individuals to manage their assets. It protects a person’s assets both during their lifetime and after they pass away. A revocable living trust is a legal arrangement in which…
How a limited liability limited partnership works
Business law changes frequently, sometimes adding more business structures to the existing roster of types that you can form in the state of Oklahoma. A recent addition is the limited liability limited partnership. An LLLP provides the owners of the…