Probate court If a property owner has passed away and the title is still in his or her name, the heirs may need to go to probate court to have the title transferred. Probate or administration is the legal process of administering the deceased person's estate, including distribu...
8. Create Probate-Free Inheritance The legal process of going through probate was established to protect a decedent's estate and insure that it is distributed according to his wishes. Probate can become a time-consuming and expensive experience for heirs. Purchasing an annuity is one way to ...
Draw up thetrust agreement. It is advisable to have an attorney draft the trust agreement for you to insure that it works as intended. Make sure the trust documents indicate how the trustee should disperse assets to you and include when the trust ends. Both depend on your reason for needing...
But some assets can pass directly to heirs outside of probate, and dodge creditors looking to collect on judgments if the estate is insolvent. Lien FAQs Liens and collection laws can get complicated quickly. These lien questions come up often in the course of business. What Is a Lien Sale?
Too busy with life Too busy to chase rents Too busy to manage Doesn’t want lots of showings Hard to show with tenants and condition Not selling on MLS Not financeable Non-conforming bedroom Poor manager operator Investor wants money out...
A living trust can spare your family from the trials and tribulations of probate court. In Oklahoma, a trust grantor may set up a trust and then name a trustee to handle the assets. The trustee makes distributions to beneficiaries, according to the terms set down by the grantor. If a tru...
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