How to distinguish assets belonging to a deceased person’s estate from those held by a relative’s corporation in Oklahoma
How to Distinguish Estate Assets From Corporate Assets in Oklahoma Detailed Answer When someone dies in Oklahoma, their estate consists of assets they owned in their name alone at the moment of death, along with any assets they controlled through a revocable trust or payable-on-death designation. A corporation, by contrast, is a separate legal entity […]
Read article →What options exist for selling or auctioning personal property to reimburse estate expenses and equalize distributions among heirs?
FAQ: Options for Selling or Auctioning Personal Property in Oklahoma Estates Detailed Answer When a decedent’s estate holds personal property, the personal representative may sell or auction items to pay estate expenses and ensure all heirs receive fair shares. Under the Oklahoma Probate Code, Title 58 O.S. § 257, the personal representative has authority to […]
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