Help Avoid Probate
Probate can be a lengthy and complicated process, often prompting individuals to seek alternatives to ensure a smoother transition of assets to their loved ones. An important option to consider is the use of a Transfer on Death Deed. Call Oklahoma Will and Trust when you are planning for your future and the future of your family. Tulsa estate planning attorney Meg Prestidge can guide you through the process
Avoiding the Probate Quandary
Probate proceedings can be a source of distress, especially for those who have witnessed the complexities and expenses involved in the probate of a friend or family member. Many individuals find themselves contemplating ways to sidestep this potentially arduous legal process.
With Oklahoma Will and Trust, there are alternatives, and one such option to consider is the Transfer on Death Deed. This legal instrument allows individuals to name a grantee – the recipient of the property – while they are alive. The person creating the deed is known as the grantor. The flexibility of this arrangement is highlighted by the fact that you can designate one or multiple grantees. Tulsa probate lawyer Meg Prestidge recommends this tool when one is considering the estate planning process.
Transfer on Death Deed Process
The mechanism is straightforward: the grantor files the transfer on death deed of record, ensuring its legal validity. Notably, this instrument offers the unique advantage of being revocable at any time. This means that the grantor retains the power to cancel or modify the deed without the need to inform the grantees.
Oklahoma Will and Trust understands the difficulties that can arise in a family going through the probate process. Tulsa estate planning attorney Meg Prestidge said that is the beauty of the Transfer on Death Deed, particularly for those who primarily own personal property or their residence. By utilizing this tool, individuals can potentially spare their loved ones from the probate process.
The hallmark of a Transfer on Death Deed is its flexibility and control. As life circumstances change, individuals can adapt their plans accordingly without creating additional legal entanglements. Oklahoma Will and Trust knows this adaptability, combined with the avoidance of probate for certain assets, makes it an attractive option for many.
Call Today for a Consultation
In navigating the complexities of estate planning and probate avoidance, considering alternatives like the Transfer on Death Deed is crucial. With the guidance of experienced Tulsa probate attorney Meg Prestidge, individuals can explore options that align with their goals, like creations of a will or a trust, along with a Transfer on Death Deed, ensuring a smoother transition of assets to their loved ones. To delve deeper into this topic or discuss specific concerns, individuals are encouraged to contact Oklahoma Will and Trust attorney Meg Prestidge, and get a more streamlined approach to estate planning.