REVOCABLE TRUSTS IN OKLAHOMA CITY

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What is a revocable trust?


revocable trust or living trust is a legal agreement created during your life that can be revoked and amended. Its primary advantage is allowing assets to pass to the named beneficiaries according to the terms of the trust without being subjected to the probate process (any property not included in the trust will still be subject to the probate process). This can save a considerable amount of time, money and frustration.

When creating a revocable living trust, the grantor transfers the title of the property to an appointed trustee (both the grantor and the trustee can be the same person). Other than executing documents as trustee of the trust, this will have no effect on the use of the property during the grantor's lifetime. The grantor can still enjoy all the benefits of owning those assets without having to worry about probate.

Another advantage of a revocable trust is that it provides for planning during your incapacity. If you become incapacitated, the successor trustee you named will step in and manage the assets in your trust for your benefit without the necessity of a guardianship proceeding. A will does not provide any planning for incapacity.

A revocable trust is particularly beneficial for the following circumstances:

  • Providing for special needs beneficiaries
  • Establishing trusts for minor children
  • Providing for charities
  • Ensuring pets will be cared for after your death
  • Including provisions for individuals with substance abuse issues
  • Disinheriting a child or other heir
  • Avoiding multiple probate proceedings if you own property in multiple states
  • Protecting your children’s inheritance from creditors or risk of a failed marriage

The revocable trust is a foundation for an estate plan that will provide for you during your incapacity and allow for the seamless transfer of assets upon your death. The knowledgeable attorneys at Ball Morse Lowe can assist you in implementing a revocable trust.

 

 
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Why Call Ball Morse Lowe?


The attorneys at Ball Morse Lowe have built a respected reputation over the decades for providing sophisticated counsel in complex oil, gas, and energy law matters, business law cases, transactions, estate planning, and family law matters. We take pride in assisting individuals and families with their legal concerns. Personable and responsive, our lawyers craft documents and develop strategies tailored to each client's unique goals and needs.

Ball Morse Lowe, PLLC, is committed to providing excellent service and sound solutions to our clients in a cost-effective manner. From our law firms in Norman, Oklahoma City, Dallas, and Denver, our attorneys provide services throughout the Oklahoma City, DFW, and Denver Metros and in other states, including Texas, North Dakota, Ohio, Colorado, California, Wyoming and New Mexico.

Attorneys With Experience & Resources That Work For You


Ball Morse Lowe is a recognized law firm that serves clients across Oklahoma, Texas, and Colorado.

Our lawyers have extensive experience handling a wide range of practice areas, including family law, estate planning, litigation, real estate, oil, gas and energy, business & commercial, and much more.

Our firm is devoted to providing each client with all the resources of a large firm but with the individualized attention of a small practice. Unlike many other firms, we have the ability to conduct investigations, hire expert witnesses, and utilize cutting-edge technology to help you build the strongest case possible.

The lawyers at Ball Morse Lowe can help you seek what's needed in your case. Our team is standing by to assist you, so call us at (877) 508-4265 to get started with a free consultation with our client intake team.

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Our Team of Highly Skilled Attorneys Can Help


Ball Morse Lowe, PLLC, serves businesses and individuals throughout Texas, Oklahoma, and Colorado. As a full-service law firm, we provide legal solutions in matters involving oil and gas law, estate planning, family law and personal injury. You can depend on Ball Morse Lowe, PLLC, for sound advice, sensible solutions and vigorous representation.

Call Ball Morse Lowe today at (877) 508-4265 to receive your 100% free consultation with our client intake team.

What Our Clients Say


Jason Fox

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I cannot thank Mr. Tommy Pfeil and Ms. Sarah Willey enough for all the support they've shown me throughout my unfortunate divorce. With all the twists and turns thrown at my situation both in my personal life, but also my military career. This team always made me feel as though my case took priority. I will forever be grateful for them and highly recommend either of them to represent you as you drudge through your specific situation. Thank you again Mr. Tommy Pfeil and Ms. Sarah Willey for everything you did on my behalf.

James Floyd

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Ball Morse Lowe, PLLC offer exceptional knowledge in the oil and gas industry among many other things. I have worked with Senior Attorney, Chris Michael, multiple times and he continues to exceed expectations. If you are looking for a group of hard working, time efficient, diligent, and ethical attorneys, Ball Morse Lowe, PLLC and specifically Chris Michael would be a great choice.

Heather Ward

★★★★★

I felt like I mattered. I felt like what I had to say was important. Glenn was thoughtful, encouraging and understanding. She helped me navigate the process and validated my thoughts about things I was not sure. Thank you Glenn!!! It was great working with you!

Jon Dean Green

★★★★★

I turned to Ball Morse Lowe, PLCC when I needed my mother's estate probated in Oklahoma. It involved mineral rights and I live in California and my mother had not lived in OK for over 60 years. I wanted a firm that would do this correctly and be reasonable in cost. Jennifer Wright was a pleasure to work with. She and her staff were professional, knowledgeable, friendly and helpful. They made the experience of probate painless, explained things as we went along, and were clear in their expectation of what they would need from me to move the process forward. I am so glad I found them and appreciate deeply all they accomplished on my behalf.

Kris Murray

★★★★★

Chris Smith is a GREAT attorney! I've worked with him personally and referred him to other people. He went above and beyond for me and the people I recommended work with him.

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