An Oklahoma Last Will and Testament is a Legal document by which the people of Oklahoma may distribute their estate (personal belongings, real estate, bank accounts, money etc.) among their loved ones as per their wish. This document will be effective only after the death of the testator (the person who created the Will).
Once you have downloaded this DIY Last Will and Testament template for Oklahoma;
- Fill it out and validate your will as per your state laws.
- If it feels overwhelming you can try TrulyWill, where you can do it yourself with the help of guide questions and support to answer your queries too. You can also book an attorney if you need specific legal advice for a nominal fee.
- Use the platform to come back and update your will as per your convenience.
This template will help you to create a Will with a simple estate plan. If you have a high net worth or any other complex issues in your personal or financial life; you should discuss it with one of our attorneys to avoid your Will from being rejected by the probate court at a later stage.
Along with the commonly asked questions, you can find all the necessary details regarding the legal prerequisites for creating a valid final Will in Oklahoma below.
Testator’s requirements:
In Oklahoma, any person who is 18 years of age or more and is of sound mind may make a Will.
Sound mind- A person is said to be of sound mind if he is capable of knowing the nature of the act he is involved in and is able to distinguish between right and wrong. In simple words, you must be aware that you own some property for which you are creating a Will, and to whom you are making the beneficiaries.
Signature Requirements in Will:
Every Will must be signed by the Testator and at least 2 disinterested witnesses and they must sign the Will in the presence of the testator and in the presence of each other.
Note - There are various exceptions and special rules but these are the standard requirements for Oklahoma Wills.
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Stepwise procedure on what to include in the Last Will and Testament for Oklahoma.
STEP 1: List your Assets.
Make a list of everything you own, including both tangible and intangible assets, first. Your personal belongings, real estate, bank accounts, jewellery, and life insurance policies may all fall under this category.
This will make it clear to you which assets will be distributed via your Will or other legal procedures.
STEP 2: Choose Beneficiaries.
A beneficiary is a living individual or a legal body (such as a trust or an organisation) to whom your will leaves property. You can name any anyone as a beneficiary of your will, including members of your family, friends, and other relations.
Additionally, you have the freedom to remove any family member, child, or spouse from your will at any time. It is suggested that you get legal assistance for this.
STEP 3: Choose an Executive/Personal representative.
Always choose a person who is trustworthy, credible, and responsible as your personal representative as he/she has a lot of authority over your assets after your death.
These include:
- Paying your debts.
- Paying funeral expenses.
- Distribution of assets among beneficiaries.
- Appointing attorneys to assist in probate.
STEP 4: Choose a Guardian for your minor children.
You can choose a person to take care of the testator's minor children after his or her passing. This covers necessities including food, shelter, education, and healthcare. When a minor turns 18 years old, guardianship of that minor ends.
STEP 5: Signature of Testator and Witnesses.
After writing everything in your Will, you need to sign it along with 2 witnesses. These witnesses are also required to sign your Will to make it a valid one.
STEP 6: Store your Will in a safe place.
Once you are done with all the above formalities of making a Will, you need to store it in a safe place to avoid being lost or stolen. It is advised to give copies of your Will to all the beneficiaries and executors so that they are aware of the fact that you have created a Will. It would be difficult to find your Will if you die suddenly without informing anyone about it. It is also possible that they will never know that you had a Will also. So, it's very important to communicate it with your heirs/beneficiaries.
You can also use TrulyWill’s platform to store your Wills and review it anytime, anywhere.
STEP 7: Review your Will periodically
Making a will is insufficient if you have not revised it after any significant life events. The decisions made previously in the Will are likely to change as a result of events like marriage, divorce, births, and deaths, therefore it is crucial to update it appropriately to prevent any burden on you and your family members in the future.
You may also look for the Advance Healthcare Directives in Oklahoma.
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