Tag Archive: Trust

A trust is an appointment under which one person, called a trustee, holds legal title to the property for an additional person, called a beneficiary. You’ll be the trustee of your own inter vivos trust, keeping full control over all property held in trust.

A “living trust” also called an “Inter Vivos” trust by lawyers who can’t hand over Latin is just a trust you create while you’re alive, instead of one that’s created at your death under the terms of your will. The beneficiaries you name in your inter vivos trust receive the trust property once you die.

What If I die without a will or a trust?

Oklahoma law helps you with the distribution of your estate to your heirs. The overall rules for the way your estate are going to be distributed if you die without a will or a trust are described as follows:

If you …