12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

What is a Last Will and Testament in Avant, OK

What is a Last Will and Testament in Avant, OK

A Last Will and Testament is the first building block of a good estate plan. Estate planning is the process by which an individual or family arranges the transfer of assets in anticipation of death.

Option 1: Will-Based Estate Plan

All essential details of your last will and testament will be outlined in the will-based estate plan. It will provide information including the person to be put in charge of settling your final affairs (the executor), the persons who will inherit your property (beneficiaries), and the provisions on how they will inherit it. Your last will and testament with a will-based estate plan will cover the following:

1. Who will serve as the personal representative/executor

2. What powers your personal representative/executor will have

3. Who will inherit your property

4. How and when your property will ultimately be transferred to your beneficiaries

5. Who will serve as guardian of your minor children until they become adults


Option 2: Trust-Based Estate Plan

In the trust-based estate plan a document called a revocable living trust will cover all the important points listed above in the will-based estate plan with one exception: the person in charge of settling your final affairs after you die is called an administrative or successor trustee instead of an executor. If you have a revocable living trust you will still need a last will and testament so. Ideally, you will fund or move your assets into your trust before you die. If you fail to fund even one asset into your trust, then the last will and testament will be the necessary document that will "catch" the unfunded property and transfer it to your trust after you die. The last will and testament in this case will function as a pour over will that will cause the unfunded assets to "pour over" into your trust through a probate process.


A pour over will needs to cover:

1. Who will be in charge of your assets that were not funded into your trust as the personal representative/executor

2. What powers your personal representative/executor will have

3. Who will serve as guardian of your minor children until they become adults

4. What will happen in the absence of a Last Will and Testament?


In order for your property to go to the beneficiary of your choice after you are gone, a last will and testament is recommended.


The absence of a will could result in the state providing a last will and testament on your behalf under the state's intestacy law. The laws of the state that your property is located in will prevail. This can get complicated if you own property in multiple states.

 
Personalize & Print a Free OK Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Related Legal Services near Avant, OK
Wilson Law Firm Pllc-Greg Wilson
502 N Broadway Ave
Shawnee, OK 74801
(405) 275-9994
Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Social Security & Disability Law Attorne
Frock Edward
10 W Main St # 403
Ardmore, OK 73401
(580) 226-9977
Attorneys, Legal Service Plans
Biby Jacob
116 N 5th St
Ponca City, OK 74601
(580) 765-9967
Attorneys
R Keith Jennings
607 SW C Ave
Lawton, OK 73501
(580) 354-9916
Attorneys, Divorce Assistance
Newman Law Office
716 W Evergreen St
Durant, OK 74701
(580) 924-9900
Attorneys, Criminal Law Attorneys
Newman Law Office
125 N 3rd Ave
Durant, OK 74701
(580) 924-9900
General Practice Attorneys, Attorneys
Henley Martha N
444 W Hwy 152
Oklahoma City, OK 73101
(405) 745-9889
Attorneys, Legal Service Plans
Miller Barbara A
400 E Central Ave # 405
Ponca City, OK 74601
(580) 765-9888
Bankruptcy Law Attorneys, Attorneys, General Practice Attorneys
Grantham Eric
343 E Carl Albert Pkwy
McAlester, OK 74501
(918) 302-9803
Attorneys
Kennedy Law Firm
201 N Grand St # 301
Enid, OK 73701
(580) 233-9707
Attorneys, General Practice Attorneys, Legal Service Plans
Devinney Law Firm PC
102 N Adams St
Enid, OK 73701
(580) 237-9660
Attorneys, General Practice Attorneys, Legal Service Plans
Devinney Law Firm, P.C.
222 E Grand Ave Ste 505
Ponca City, OK 74601
(866) 800-9660
Attorneys, General Practice Attorneys, Legal Service Plans
The Richardson Law Firm
312 W Broadway St
Muskogee, OK 74401
(918) 686-9595
General Practice Attorneys, Attorneys, Legal Service Plans
Byars Karen E
322 N Broadway Ave # E
Shawnee, OK 74801
(405) 273-9578
Attorneys, Legal Service Plans
English III James I
5 S Commerce St # 6
Ardmore, OK 73401
(580) 223-9498
Attorneys, Legal Service Plans
Devinney Law Firm, P.C.
115 E Grand Ave
Ponca City, OK 74601
(580) 749-9454
Attorneys,  Personal Injury Law Attorneys,  Criminal Law Attorneys,  Employee Benefits & Worker Comp
Maxwell William B
205 W Maple Ave Ste 102
Enid, OK 73701
(580) 233-9444
Attorneys, Family Law Attorneys, Divorce Assistance, Legal Service Plans
Devinney Law Firm PC
115 E Grand Ave
Ponca City, OK 74601
(580) 749-9414
Attorneys,  Personal Injury Law Attorneys,  Employee Benefits & Worker Compensation Attorneys,  Soci
District Attorney Witness
412 Court St
Muskogee, OK 74401
(918) 682-9400
General Practice Attorneys, Attorneys
Nabors Mary Kay
118 N 3rd Ave
Durant, OK 74701
(580) 924-9393
General Practice Attorneys, Attorneys
Anderson R Patrick Attorney
114 E Broadway Ave
Enid, OK 73701
(580) 233-9390
Attorneys
Newby Tom L Attorney
114 E Broadway Ave
Enid, OK 73701
(580) 233-9390
Attorneys
Enabnit Nancy L
114 E Broadway Ave # 500
Enid, OK 73701
(580) 234-9300
Attorneys
Alley Aric A
1211 34th St # 13
Woodward, OK 73801
(580) 254-9211
Attorneys, Criminal Law Attorneys, Family Law Attorneys, DUI & DWI Attorneys, Real Estate Attorneys,
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US