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Terrell Monks, Oklahoma Estate Attorneys, PLLC
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#EstatePlanning - Can I Amend The Irrevocable Trust?

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#EstatePlanning - #FamilyEstatePlanningAndProbate - #IncapacityPlanning - What Is The Difference Between A Power Of Attorney And A Guardianship?

A power of attorney is a personal agent you appoint and give a specified degree of power and ability to act. A guardianship is a court proceeding wherein a judge appoints a person to take charge of your affairs and the judge decides what power a guardian has over your affairs.

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#EstatePlanning - #FamilyEstatePlanningAndProbate - #Probate - Can There Be Litigation When There Is A Trust?

Yes, there can be litigation even when there is a trust. The people who are the heirs-at-law or even beneficiaries under a trust may bring litigation to determine whether the trust document was signed by the deceased person at a time that the person had capacity to enter into such an agreement.

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#EstatePlanning - #FamilyEstatePlanningAndProbate - #Probate - How Is The Validity Of A Will Or A Trust Determined?

When there is a contest concerning a will or a trust there will be a presumption that a submitted document is valid. A person or persons desiring to contest the documents should put on evidence as to why they believe that the will or the trust is not valid.

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#EstatePlanning - #FamilyEstatePlanningAndProbate - #Probate - Tell Me About Your Experience In Handling #Probate Matters?

For about 20 years I have represented families in probate matters in the state of Oklahoma. I began by representing the family of my uncle as they worked through the emotional difficulties associated with distributing the estate of a loved one who had done no estate planning at all.

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#EstatePlanning - #FamilyEstatePlanningAndProbate - #Probate - What Is The Time Requirement To Notify The Court Of A Death?

If the decedent had a last will and testament, the Oklahoma statutes require that every custodian of a will has 30 days following their receiving information that the will maker has passed away to deliver the will to the District Court that has jurisdiction over the estate or to the executor that is named in the will.

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#EstatePlanning - #FamilyEstatePlanningAndProbate - #Probate - Do You Need An Attorney For Probate?

It is at least theoretically possible for a non-attorney to complete an Oklahoma probate successfully. Unfortunately, it is not particularly easy, nor is it particularly quick. Further, the risk of creating a title problem for any real estate that belonged to the diseased person is very high.
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For more information on Probate Attorneys In Oklahoma, a free initial consultation is your next best step.


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#EstatePlanning - #IrrevocableTrusts - Having Both An Irrevocable And A Revocable Trust

Yes, almost everyone should have both an irrevocable and a revocable trust. You need a revocable trust to hold ownership of the asset that you will use in your day to day life. This revocable trust will hold your income such as retirement and social security.

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#EstatePlanning - #IrrevocableTrusts - Understanding An Irrevocable Trust In Oklahoma

An irrevocable trust is a contract whereby and wherein the trust maker can assert certain controls that will omit the ability to make changes in the future. An irrevocable trust will also require the trust maker to give up some control over the use of the assets in the trust.

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#EstatePlanning - #IrrevocableTrusts - Can I Amend The Irrevocable Trust?

Yes, and no. Unfortunately, this is a question that calls for a “lawyer answer” because you can amend your irrevocable trust to the extent that a trust says that you can amend it.For more information on Amending The Irrevocable Trust, a free initial consultation is your next best step.

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