Oklahoma Estate Planning Myths: A will covers transfer of all your assets

From the series Oklahoma Planning Myths . . .

MYTH: A will covers disposition of all your assets.

FACT: A will only covers property titled in your name alone at your time of death. Property such as jointly held assets, retirement plans, and life insurance will pass to the surviving owner or designated beneficiary.

In planning, be certain that you have the property that will not pass under your Last Will and Testament set up to go where you want it to go.

For other information on estate planning, including a podcast called “Estate Planning Demystified” check out my Oklahoma Estate Planning page.

This material was adapted from the firm Tellie Coleman, attorneys at law. Tellie & Coleman has an excellent website with some great resource material.

Posted by Shawn Roberts

On this blog, I write about and try to answer practical Oklahoma legal questions. My focus and most experience is in estate planning and business issues including Oklahoma non-compete law. I make a living as an attorney in the law firm I founded, Shawn J. Roberts, P.C. in Oklahoma City. I live in Edmond with my wife Amy and my two children, Sam (19) and David (11). We live precisely in the path of where the "wind comes sweeping down the plains."


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