How does probate differ with and without a will?
When a person passes away, their estate often goes through probate, a legal process to distribute their assets. Whether or not the deceased left a will significantly impacts how probate unfolds. Understanding these differences helps you prepare for either scenario….
How can I make sure my mineral interests are part of my family’s legacy?
Mineral interests allow an individual to own the rights to the minerals below the surface of a piece of land. This asset can be substantial and serve an important role in a family’s financial portfolio. These rights can include ownership…
When do you need a probate attorney?
Probate can be a complex legal process that arises after someone passes away. While some estates proceed smoothly without legal assistance, others require the guidance of a probate attorney. Understanding when to seek legal help can prevent costly mistakes and…
What are the financial responsibilities of a guardian managing an estate?
Guardians appointed to manage an estate have important financial duties. They must follow strict legal guidelines to protect the ward’s assets and ensure their well-being. Understanding these responsibilities helps guardians manage the estate effectively and avoid potential issues. Managing and…
What are the consequences of a no-contest clause in wills?
A no-contest clause, also known as an in terrorem clause, is a provision in a will designed to discourage beneficiaries from challenging its terms. In Oklahoma, this clause can have significant consequences for individuals considering contesting a will. Understanding no-contest…