Owning real estate has long been a part of the “American Dream.” In a state like Oklahoma, with large tracts of land, and a history of homesteading, land ownership can be a way not only to gain some prestige, but perhaps make some money as well. Owning a piece of property that one rents to others can be either a nice “side hustle” or a full-time job. While owning such types of property come with privileges, it also comes with responsibilities. The common law placed upon a landlord a very generalized responsibility called the “implied warranty of habitability.” According to this doctrine, even if the landlord did not specifically agree, he had the duty to maintain a property he was renting to a tenant in a condition such that the tenant could live in peace and some minimum standard ofContinue reading: What duties do Oklahoma landlords have?
Veterans are valued members of society in Oklahoma and across the United States. Their service and sacrifice is appreciated by a grateful nation, and they deserve to be treated well. A veteran may be entitled to numerous financial benefits because of their service. Our veterans may be eligible for many veterans’ benefits, including pensions. But, navigating the Department of Veterans Affairs in order to apply for these benefits can be complicated. Our law firm is accredited by the U.S. Department of Veterans Affairs and we understand the rules behind veterans’ benefits. This means we are well equipped to handle veterans’ pension issues. We can offer our advice and help a veteran pursue the pension benefits they need. Some veterans qualify for a veterans’ pension that offers a cash benefit to wartime veterans or their surviving spouse. We understand how theseContinue reading: Are you a veteran who needs help with pension issues?
Selling a home is a daunting task. There is usually much to do to make the house attractive to potential buyers, and maybe you apply a new coat of paint or replace the carpeting. You might even opt for more extensive renovations or replace outdated appliances, hoping to recoup the cost with a good price. However, while making your home appealing to buyers, you may be tempted to cover some evidence of defects. Does that coat of paint cover a stain from a leaking pipe? Does the carpet hide a slope in the floor from a shifting foundation? What are the potential consequences of hiding defects in your home? Real estate transactions and the obligation to tell what you know Most states, including Oklahoma, require home sellers to make an honest disclosure of any problems that could affect the valueContinue reading: Full disclosure when selling a home
Oklahoma residents who are thinking about estate planning know that there are many estate planning terms that are thrown around. Estate planning encompasses many different subjects, depending on a family’s need. Wills and trusts are often the most popular estate planning tools. A will designates a personal representative for an estate and lists who will get a person’s property after their death. A will goes into effect after a person dies, while a trust goes into effect immediately. A trust can distribute property before a person dies, at their death or after. A trust has one person who has legal title of property, the trustee, for another person, the beneficiary. There is one set of beneficiaries who receive income during their lives and another set of beneficiaries who receive income after the first set of beneficiaries dies. A trust alsoContinue reading: What are the differences between wills and trusts?
Most Oklahoma residents know the value of work and enjoy going to work every day and making a living for their family. Having a job is an important task for adults. But, when a person is injured and no longer able to work they may be eligible for disability benefits. Oklahoma residents who are not able to work due to a physical or mental condition may qualify for either Social Security Disability or supplemental security income. There are a number of medical conditions that a person can have and qualify for one of these programs. These may include back injuries, heart failure, COPD, hearing or vision loss, immune system disorders, mental disorders, cancer and many others. The Social Security agency has an impairment listing manual that lists all of the disorders that will qualify an individual for benefits. If aContinue reading: Do you qualify for disability benefits?
Considering how to best take care of your family may occupy a great deal of your time. You work to ensure they have everything they need to live comfortably and thrive. What about after you pass away? You may have considered taking care of your family in the event of your death, and you may have begun researching the best way to do that. When you start to consider how to structure your estate plan, it also helps to understand how your plan will fare during the probate process. This not only affects how quickly your family receives the assets you want them to have, but it also affects the amount of work and stress your surviving family members will need to endure while they grieve for your loss. Reasons for probate Probate essentially wraps up your financial life after your death.Continue reading: How will your estate plan affect the probate process?