Death is a sensitive subject for everybody, but it’s important to plan properly for you or a family member before that time comes. With a proper estate plan in place before passing, you can guarantee the protection of your assets and avoid the state getting involved in the distribution.
There is no correct answer when it comes to selecting your estate plan, as everybody’s situation is unique. However, it is recommended to select an option that costs less time and money in the long run and avoids a public trial.
If you do not create an estate plan before your passing, the distribution of your assets is controlled strictly by the state of Oklahoma. They will not take any of your assets for themselves, but they may not divide them the way you’d prefer. This is why it is so important to have an estate plan in place before you or a loved one passes away.
With the state in charge of distributing your assets, your family has no say in this process. The state may not share your assets with any non-family members whom you intend to receive their share.
This can all be avoided with an estate plan. They may cost more up front, depending on the option you choose, but it will save money, time, and stress in the long run.
Oklahoma City Estate Planning Attorneys
To gain a better understanding of what happens to your estate after passing, call Ball Morse Lowe today at 405.701.5355 or email clientintake@bml.law. We look forward to hearing from you.