Many have heard that it’s wise to avoid probate, but few know the reasons why. Probate is the legal process of proving a will, determining heirs and distributing the property of a decedent.
In order for property to be distributed according to a will, the will must go through probate, but the specific process varies by jurisdiction. The two major reasons people try to avoid it comes down to the time and privacy. The process can tie up property for months, or even longer if the will or any provisions are contested.
Is your estate plan accurate and up to date with recent estate tax law updates? Ball Morse Lowe senior attorney Jennifer Wright will guide attendees through estate planning essentials during the
“Planning for Long-Term Care Costs and More” events in Norman and OKC.
Every adult, wealthy or not, should have a valid will or a living trust in place. Yet, more than half of Americans are unprepared for the inevitable. A last will and testament is a legal document that outlines where and whom your
Probate is the legal process of proving the will and determining heirs. An estate executor or attorney representing the estate will initiate the process. From there, the court will validate the will, authorizing the
Attorney Jennifer Wright’s article, “Guide to Organ and Tissue Donation in Oklahoma” has been featured in the latest Oklahoma Bar Association’s Journal. The Journal, focused on the
When I first read Oklahoma’s Senate Bill 503 (“SB 503”) filed during the 1st Session of the 57th Legislature (2019), I would be lying if I did not say that my jaw dropped. On its face, most of the existing statute remains
If you are buying or selling a home, the transaction is subject to the Residential Property Condition Disclosure Act found at 16 O.S. Sec. 831, which provides for a disclosure of defects to the property (the “Act”). The Act is an exception to the common law rule of “caveat emptor” or “buyer beware.”
According to the Federal Motor Carrier Safety Administration (FMCSA), the number of large trucks involved in fatal crashes increased by 3 percent from 2015 to 2016. Among the total vehicle deaths in 2016, 4,213 were caused by collisions with large trucks. That’s a pretty sobering statistic.
Traditionally, oil and gas development has been centered around vertical drilling. As the industry has grown, horizontal drilling is rapidly replacing the old ways. With the increase in horizontal drilling practices, the industry now finds itself in a hydraulic fracturing boom. To accommodate the needs of horizontal drilling, sand, used as proppant during the fracturing processes, has become a sought-after commodity and the industry has