Probate is the process of the court transferring the assets from the name of the decedent to the name of that decedent's intended beneficiaries if there is a will, or to the names of the decedent's heirs at law if there is no will. It is a public process that allows anyone to see what assets a decedent had, and what each beneficiary or heir will receive. The person responsible for probate process is called an executor, administrator, or personal representative.
At Postic & Bates, our probate lawyers represent people in Oklahoma who have been named personal representative of a deceased person's estate. We also represent beneficiaries who are concerned with the way a personal representative is managing or distributing the estate and want to be sure their interests are protected. Our probate lawyers handle everything from:
- Taking an inventory of the assets, handling creditor claims, paying applicable taxes, and distributing the net assets of the estate to beneficiaries.
- Monitoring the probate process for the benefit of the heirs and, if necessary, getting involved in will contests or other disputes to protect those heirs.
- Our lawyers also defend personal representatives in will contests.
An uncontested probate in Oklahoma typically costs from $4,000 to $5,000. If contested, probate could be much more expensive. The probate process usually takes four months to a year. If the beneficiaries contest the will or the administration of the estate, it can take much longer. At Postic & Bates, we offer a free, no-obligation office consultation to help you determine if probate is necessary. Contact our office today to arrange a free consultation appointment.
Our attorneys can help you avoid the probate process for your own heirs by doing your estate planning using a trust instead of a will. For more information about estate planning with trusts, download our free Estate Planning Guide.