Losing a loved one in Tulsa can be even more complicated if probate is mandated. A probate specialist like Norwood Law Firm (918-582-6464) can ease the burden by handling legalities, taxes, and asset distribution.
Losing a loved one can be a painful experience, and going through the legalities of inheritance and estate laws while grieving can be extremely difficult. In Tulsa, Oklahoma, it’s a burden that you or your beneficiaries might not be able to avoid, as state laws make probate mandatory if the deceased person’s probate property exceeds $50,000.
This is where a probate attorney such as Norwood Law Firm can help. Whether you’re in the process of estate planning, are a beneficiary to a deceased person’s assets, or a representative of a deceased person’s estate, appointing a probate lawyer can simplify the complex process of inheritance and ease the stress for everyone involved.
Probate is a legal process that oversees the distribution of a deceased person's assets. It ensures debts are settled, taxes are paid, and assets are distributed according to the will of the deceased, or if no will exists, according to state law.
In Oklahoma, probate is a legal process that takes place in district court to oversee the administration of a deceased person's estate. It serves to facilitate the orderly transfer of assets to the heirs and beneficiaries, as well as to any creditor if the deceased had unpaid debts at the time of his passing.
The probate lawyers at Norwood Law Firm will save you time, money, and stress during a difficult time. They perform a variety of tasks to ensure a smooth transfer of the deceased’s assets to the beneficiaries, including the following:
Norwood Law Firm will locate and secure all the deceased's assets, including property, bank accounts, and investments. They can also help you identify which of the assets are considered probate property (and must go through probate court) and which assets are non-probate.
Norwood Law Firm will make sure all outstanding debts and taxes are identified and paid before beneficiaries receive their inheritance. They develop tax-saving strategies that will help maximize the value of the estate
In cases with a will, it is the probate lawyer’s job to validate the will's authenticity and assist the executor with carrying out its instructions. The lawyer locates beneficiaries named in the will and ensures they receive their rightful inheritance.
The team will identify the beneficiaries in cases without a will according to Oklahoma’s intestate laws of descent and distribution.
If there are disputes and disagreements, Norwood Law Firm can mediate among beneficiaries and arrive at a solution that’s acceptable to all.
With their expertise in estate planning, Norwood Law Firm offers clients a holistic approach to addressing the legal complexities surrounding inheritance. The firm has the expertise to act as the representative for either the estate or any of the beneficiaries.
Norwood Law Firm can help you handle all the court filings and paperwork, ensuring deadlines are met. Their work is also invaluable in dealing with the tax complexities that come with the process and minimizing your or your beneficiaries’ tax burden.
Opened in 2004, Norwood Law Firm offers estate planning services in Tulsa, Oklahoma. The firm covers all aspects of the process, including wills and probates, estate administration, succession planning, trust administration, asset protection, and charitable planning.
In addition to estate planning, the firm also specializes in other practice areas such as personal injury, criminal defense, family law, and more. The firm is led by Joe Norwood, who specializes in plaintiff cases and criminal defense, and his cousin, Todd Maxwell, who specializes in construction law, general business formation and contracts, employment and estate planning and mediation.
Go to https://norwoodlegal.com to learn more about the firm and what their team of legal experts can do for you.
