Why Get a Living Trust in Oklahoma?

Setting up a living trust in Oklahoma makes sense if you are worried about whether your heirs will have to wait for probate to end before receiving their inheritance. Probate is the process through which a court verifies and administers your will – and until it concludes, all of your assets will be frozen. Some states use the Uniform Probate Code, which simplifies the process. Unfortunately, however, Oklahoma is not one of these states.

A living trust will also enable you to provide for a disabled heir or set the terms for when property is distributed. For example, if you have children from a previous marriage but want your current spouse to live in your house for the rest of her life, you could leave instructions so that your children receive the house only after her death.

Additionally, if privacy is a concern, a living trust will not make your estate public record. It will also help you avoid conservatorship should you become incapacitated.