12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Do I Need a Probate Lawyer in Zip Code 74869

Do I Need a Probate Lawyer in Zip Code 74869


When the time comes to die, make sure that all you have to do is die!
 
- Jim Elliot


Probate is the process that occurs after an individual passes away. It involves distributing assets and taking care of any debts. This process happens regardless of whether or not there is a Last Will and Testament.

A probate lawyer is an estate or a trust lawyer that can help manage the filing of the last testament or will of a deceased individual. Probate attorneys can also help create a Last Will and Testament and can assist with trust planning (including Living Trusts) as well as powers of attorney and medical powers of attorney. They can assist the executor of the will with preparing and filing of all documents required by a probate court.

Some people do estate planning on their own and others get legal advice from a probate or trust lawyer. As the executor winds up an estate, they may want legal advice from an experienced lawyer who is familiar with both state law and how the local probate court works. However, not all executors feel the need to hire a probate lawyer. If the estate doesn't contain any unusual assets and isn't too large, the executor may be able to complete the task without a lawyer's help.

Several factors may help an executor decide if they need the help of a probate lawyer. Was there any probate-avoidance estate planning? Assets can be transferred to their new owners without probate court if they are held in joint tenancy, survivorship community property or transferred to a Living Trust. Probate is also unnecessary for assets for which the deceased person named a beneficiary—for example, retirement accounts or life insurance policy proceeds.

Things get more complicated when an estate includes a business, commercial real estate, or any other asset that requires special handling. You may want to consult experts if you need to manage, appraise, or sell a business.

If there's enough money to pay off debts (taxes, medical expenses, funeral costs, credit card bills, mortgages, car loans, etc.), with some left over for beneficiaries, you won't have to figure out which debts to pay. If your initial investigation reveals that there may not be enough money in the estate to pay debts and taxes, don't pay any bills before you get legal advice. State law gives some creditors priority over others.

Today, more than 99.7% of all estates don't owe federal estate tax. There's also a very small chance that the estate will owe estate taxes to the state. You may need expert legal and tax advice if the estate is large and must file an estate tax return, either with the IRS or the state taxing authority.

Many states offer small estate procedures such as summary probate and an entirely out-of-court process that requires presenting a sworn affidavit to the person or institution holding the asset.

Are family members talking about suing over the estate? Probate lawsuits tear families apart and can drain a lot of money from the estate in the process. A lawyer may be able to help the executor avoid a court battle or to deal with it if it is unavoidable.

Only you can decide if hiring a lawyer is right for you. Check out 12Law.com for listings of lawyers in your neighborhood.
 
Personalize & Print a Free OK Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free OK Living Trust Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Related Legal Services near Zip Code 74869
Mc Farland Carl
220 E Eufaula St
Norman, OK 73069
(405) 329-9757
Attorneys, Legal Service Plans
Argentos Deno J
401 W Main St
Norman, OK 73069
(405) 360-9707
Attorneys
Holden Virgil L CPA
2321 Westpark Dr
Norman, OK 73069
(405) 329-9603
Attorneys, Accountants-Certified Public, Legal Service Plans
Adair Christal D
510 S Webster Ave # A
Norman, OK 73069
(405) 307-9601
Attorneys
Morse David
124 E Main St
Norman, OK 73069
(405) 360-9600
Attorneys, Legal Service Plans
Whitney, A Drake - Whitney A Drake Law Offices
309 S Peters Ave
Norman, OK 73069
(405) 329-9448
Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Divorce Attorneys,  General Practice Att
Stockwell Law Offices
119 E Main St
Norman, OK 73069
(405) 321-9414
Attorneys,  General Practice Attorneys,  Legal Service Plans,  Criminal Law Attorneys,  Personal Inj
Wilson Law Office
330 W Gray St Ste 410
Norman, OK 73069
(405) 329-9400
Divorce Assistance, Attorneys, Bankruptcy Services, Family Law Attorneys, General Practice Attorneys
Cindy Allen & Associates, P
222 E. Main St.
Norman, OK 73069
(405) 701-8856
Bankruptcy Law Attorneys,  Divorce Attorneys,  Estate Planning Attorneys,  Family Law Attorneys,  At
Public Investors Arbitration Bar Association
2415 Wilcox Dr # A
Norman, OK 73069
(405) 360-8776
Arbitration Services,  Attorneys,  Attorneys Referral & Information Service,  Mediation Services
Barrett Mark H
101 E Gray St
Norman, OK 73069
(405) 364-8367
Attorneys, Legal Service Plans
Forgotson Law Firm
115 S Peters Ave, Ste 6
Norman, OK 73069
(405) 590-8324
Attorneys, General Practice Attorneys, Legal Service Plans
Crowder Doug
219 E Main St
Norman, OK 73069
(405) 364-8300
Attorneys
Nicols Drew
219 E Main St
Norman, OK 73069
(405) 364-8300
Attorneys
Talley Law Offices
219 E Main St
Norman, OK 73069
(405) 364-8300
Attorneys, General Practice Attorneys, Legal Service Plans
Pence James E
314 E Comanche St
Norman, OK 73069
(405) 364-8272
Attorneys, General Practice Attorneys, Legal Service Plans
Dimery Velmer John
222 E Eufaula St # 200
Norman, OK 73069
(405) 321-8067
General Practice Attorneys, Attorneys, Legal Service Plans
Andrea Worden Law Office
111 N Peters Ave
Norman, OK 73069
(405) 360-8036
General Practice Attorneys, Attorneys, Legal Service Plans
Traw John
1829 Atchison Dr
Norman, OK 73069
(405) 366-7911
Attorneys, Legal Service Plans
Brandenburg Natural Resources
114 W Eufaula St
Norman, OK 73069
(405) 366-7827
Attorneys
Valley Marina S
110 N Mercedes Dr
Norman, OK 73069
(405) 329-7800
Attorneys, Legal Service Plans
Stanek Law Firm P
303 S Peters Ave
Norman, OK 73069
(405) 329-7770
Attorneys, Criminal Law Attorneys, General Practice Attorneys, Legal Service Plans
The Stanek Law Firm P
303 S Peters Ave
Norman, OK 73069
(405) 329-7770
Attorneys,  Criminal Law Attorneys,  General Practice Attorneys,  Legal Service Plans
Everett, Gower & Smith
307 S Peters Ave
Norman, OK 73069
(405) 364-7333
Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Accident & Property Damage Attorneys,  L
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US