What is a Last Will and Testament?
Last wills in Tulsa, Oklahoma are most commonly written during life but can be created immediately before death as well. Provisions in last wills vary greatly, but it is typical for people to prohibit disinheritance of family members, ensure beneficiaries receive specific items from their estate, and designate guardianship of minor children if necessary. Many people also include provisions relating to charitable contributions or philanthropic causes they support. Some last wills even dictate funeral requests and arrangements.
In cases where wills are written while people are still alive, last wills generally go into effect at the time of death. Still, some last wills can become effective if a person becomes incapacitated to the point where they cannot make sound financial decisions for themselves. In these instances, a last will in Tulsa, Oklahoma, is not considered legally valid until a judge rules that the person cannot make rational decisions related to their finances or property. Even after a last will goes into effect, it can be changed if all parties agree on new terms.
Once someone dies, last will and testaments must be filed with their local court in order to distribute property according to wishes outlined by the deceased individual. Legal disputes in Tulsa, Oklahoma over last wills are fairly common. People who are named as executors in last wills often find themselves at the center of disputes, since it is their responsibility to carry out last will requests.
Legal disputes over last wills and testaments sometimes result in last will contests, which occur when someone makes an argument that a last will is invalid or should not be followed. Last will contests can be initiated by people who believe they were wrongfully disinherited or that there was some other type of mistake made in drafting last wills and testaments. These types of legal claims are usually resolved by appointing an ad hoc committee to reevaluate last wills and determine what course of action should be taken.
What Should Be Included in Your Will?
A last will is usually named an executor (the person responsible for following the instructions outlined in the will) one or more individuals; last wills and testaments may also appoint a backup person in case your first choice is unable to fulfill his or her duties. The last will and testament should list the names of any beneficiaries who should receive assets from the estate, such as specific bank accounts or property. It must address issues such as guardianship for minor children; organ donation wishes; charitable giving requests; and last wishes regarding funerals, burials, and other post-death matters.
Beyond these basics, you can include last wishes related to your vehicle(s), credit cards, final bills and debts , furniture and household items . You could even set out specifics about what you'd like to happen with your social media account(s). Lastly, it's important to note that last wills and testaments are legally enforceable documents. If you have questions that aren't addressed in this article, it is advisable to consult with an attorney who is familiar with last wills and testaments.
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