As you probably already know, a trust is a fiduciary agreement that allows a third party or trustee to hold assets on behalf of a beneficiary. Trusts are used in many ways and can specify exactly how and when the assets pass to beneficiaries. One type of trust that is especially useful is a special needs trust, also referred to as a supplemental needs trust.
It would be nice and much easier for everyone if this blog post was one sentence long and simply told you the exact amount of time probate takes in the state of Oklahoma. However, probate is an extensive process, and the length depends on the complexity of the probate estate and the ease of the litigation involved regarding asset distribution and the payment of debts.
Everyone knows the only truly certain aspect of life is uncertainty. But that doesn’t mean you don’t have any control. Whether you’re in your early twenties or you’re getting closer to retirement age, it’s never too early – or too late – to start considering what will happen to your belongings and estate when you’re gone.