Probate Real Estate in Oklahoma City

Executor's Role in Real Estate

Property can be a large portion of a loved one's estate. If you've been chosen as an executor or personal representative, it can be your job to manage the property and properly distribute the inheritance. If the real estate is empty, you will need to keep it safe and secure until it is distributed to the inheritors.

Maintaining and protecting a property may include everything from fixing a leaky roof to replacing the locks on the doors. Because you are responsible for everything from making mortgage payments to maintaining the correct property insurance, it is advisable to pass it to the inheritors or sell it as quickly as possible.

If the property was a rental, you are required to run the business until it is passed on or sold. An Oklahoma City probate attorney can advise you on your legal options and obligations.

Property in Estate Plans

When creating an estate plan, it is important to consider what will happen to your home when you pass. In Oklahoma, one way to transfer property is through a transfer-on-death deed; the moment the individuals dies, their estate is transferred to the beneficiary listed on the deed. Transfer-on-death deeds have certain requirements such as being filed with the records office in the appropriate county.

Joint tenancy is another option that allows two individuals to own the same property. In the event of the death of one of the individuals, the surviving tenant automatically becomes the sole owner by inheriting the deceased individual's interest. It is advisable to consult with a qualified lawyer who can provide you with the best legal options for passing your property to future heirs.

Enlist an Oklahoma City Probate Lawyer

If you are facing the difficult task of planning for your family or serving as a person representative, we can help you with the complexities of your real estate matters. At Elizabeth A. Richards Attorney at Law, we have 26 years of experience and are prepared to assist with your probate needs. We can advise you on the best course of action whether you are planning for your property's future or attempting to sell real estate during the probate process.

Our lead attorney personally handles each and every case our firm takes, so you can rest assured that you will be provided with unlimited one-on-one consultations from an experienced lawyer. Because these issues can be sensitive and personal, it is important to use legal assistance you can trust. We provide high quality, confidential legal services at affordable prices.

If you are dealing with probate real estate matters or are interested in estate planning, complete a free case evaluation to learn more about your legal options and obligations.