REVOCABLE TRUSTS IN OKLAHOMA CITY

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What is a revocable trust?


revocable trust or living trust is a legal agreement created during your life that can be revoked and amended. Its primary advantage is allowing assets to pass to the named beneficiaries according to the terms of the trust without being subjected to the probate process (any property not included in the trust will still be subject to the probate process). This can save a considerable amount of time, money and frustration.

When creating a revocable living trust, the grantor transfers the title of the property to an appointed trustee (both the grantor and the trustee can be the same person). Other than executing documents as trustee of the trust, this will have no effect on the use of the property during the grantor's lifetime. The grantor can still enjoy all the benefits of owning those assets without having to worry about probate.

Another advantage of a revocable trust is that it provides for planning during your incapacity. If you become incapacitated, the successor trustee you named will step in and manage the assets in your trust for your benefit without the necessity of a guardianship proceeding. A will does not provide any planning for incapacity.

A revocable trust is particularly beneficial for the following circumstances:

  • Providing for special needs beneficiaries
  • Establishing trusts for minor children
  • Providing for charities
  • Ensuring pets will be cared for after your death
  • Including provisions for individuals with substance abuse issues
  • Disinheriting a child or other heir
  • Avoiding multiple probate proceedings if you own property in multiple states
  • Protecting your children’s inheritance from creditors or risk of a failed marriage

The revocable trust is a foundation for an estate plan that will provide for you during your incapacity and allow for the seamless transfer of assets upon your death. The knowledgeable attorneys at Ball Morse Lowe can assist you in implementing a revocable trust.

 

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Why Call Ball Morse Lowe?


The attorneys at Ball Morse Lowe have built a respected reputation over the decades for providing sophisticated counsel in complex oil, gas, and energy law matters, business law cases, transactions, estate planning, and family law matters. We take pride in assisting individuals and families with their legal concerns. Personable and responsive, our lawyers craft matter documents and develop strategies tailored to each client's unique goals and needs.

Ball Morse Lowe, PLLC, is committed to providing excellent service and sound solutions to our clients in a cost-effective manner. From our law firms in Norman, Oklahoma City, Dallas, and Denver, our attorneys provide services throughout the Oklahoma City, DFW, and Denver Metros and in other states, including Texas, North Dakota, Ohio, Colorado, California, Wyoming and New Mexico.

Attorneys With Experience & Resources That Work For You


Ball Morse Lowe is a recognized law firm that serves clients across Oklahoma, Texas, and Colorado.

Our lawyers have extensive experience handling a wide range of practice areas, including family law, estate planning, litigation, real estate, oil, gas and energy, business & commercial, and much more.

Our firm is devoted to providing each client with all the resources of a large firm but with the individualized attention of a small practice. Unlike many other firms, we have the ability to conduct investigations, hire expert witnesses, and utilize cutting-edge technology to help you build the strongest case possible.

The lawyers at Ball Morse Lowe can help you seek what's needed in your case. Our team is standing by to assist you, so call us at (877) 508-4265 to get started with a free consultation with our client intake team.

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Our Team of Highly Skilled Attorneys Can Help


Ball Morse Lowe, PLLC, serves businesses and individuals throughout Texas, Oklahoma, and Colorado. As a full-service law firm, we provide legal solutions in matters involving oil and gas law, estate planning, family law and personal injury. You can depend on Ball Morse Lowe, PLLC, for sound advice, sensible solutions and vigorous representation.

Call Ball Morse Lowe today at (877) 508-4265 to receive your 100% free consultation with our client intake team.

What Our Clients Say


John C.

★★★★★

Great advocacy, and excellent at keeping client informed about options.

Sarah C.

★★★★★

Jennifer assisted us in making a trust, and all of the additional documents that go with it – advanced directives, powers of attorney, etc. She was professional, knowledgeable, cheerful, personable. We are very happy with our association and look forward to doing business with them in the future!

Theresa H.

★★★★★

I enjoyed meeting and talking with Mr. Bottomly. He was easy to talk to, and I left feeling confident that should I end up needing legal assistance, working with Mr. Bottomly would be a positive experience. Thank you.

Don H.

★★★★★

Quality attorneys representing my wife and me in a difficult situation. Always responsive, professional and advanced the clients best interests. Always had direct access to our attorney. Thanks so much.
Don and Kay Holladay

★★★★★

Technically A Director

I recently needed advice regarding a property matter. I was able to make an appoinment in a timely manner and received the help I needed. Mr. Morse not only had the specialized knowledge necessary to guide my decision, he and his staff were kind and considerate. 

Carolyn T.

★★★★★

I have used Ball Morse Lowe for both business and personal reasons. Parker Lowe handles my oil and gas issues and Bow Bottomly recently represented me in divorce proceedings. The staff has always been very helpful and even though I am not a big client, they never make you feel that way.

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