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Most people in Oklahoma understand the importance of a will to protect their estate when they pass away. A will is an important document that every person in Oklahoma should have. But there are other estate planning documents that may be needed, including a revocable living trust. A revocable living trust has many advantages and can be a valuable estate planning document. A revocable living trust is similar to a will but can do more for families. Avoiding probate court is one of the main advantages. Even if a person has a will, obtaining a lawyer and going through probate is often necessary in order to distribute the assets. A will also becomes public information, unlike a revocable living trust which will remain private. Because it is private, only those who are involved with the estate will know the details.

Continue reading: Do you need a revocable living trust?

Dealing with the death of a loved one is a challenging time, and it is certainly no pleasure dealing with his or her affairs after passing. There are many reasons why a family would want to avoid the probate process when a loved one dies. Probate can drag out the estate settlement for a long time and can be costly. Fortunately, there are steps a person can take in order to help family members avoid the probate process after they die. There are four ways a person can pass their property to another and avoid the probate process. The first way is through joint property ownership with rights of survivorship. When one of the owners dies, the property automatically passes to the other owner. Financial accounts often allow their owners to select a beneficiary to receive the assets upon their

Continue reading: Techniques for avoiding probate