This article explains the purpose, cost, timeline, and process of an ancillary probate in Oklahoma. The purpose is transferring title to out-of-state property. The cost is generally $2,500 to $5,000. The timeline is 6-8 weeks. The process is drafting, filing,… Read More »Oklahoma Ancillary Probate: Purpose, Cost, Timeline, and Process
Yes, you can do a quiet title yourself. Any party can represent themselves in a lawsuit, and a quiet title is a type of lawsuit. But, you should only attempt a quiet title if equipped with the right tools, templates,… Read More »Can I do a quiet title myself? (Yes, but beware these pitfalls.)
What is a tax warrant in Oklahoma? A tax warrant equals a tax lien. Thankfully, a tax warrant differs from an arrest warrant. Unless you committed blatant tax fraud, you can probably breathe easy! However, tax warrants can still pack a punch.… Read More »WHAT IS A TAX WARRANT IN OKLAHOMA? ANSWERED BY ATTORNEY.
This article explains the rules surrounding a partition action for tenants in common. When multiple individuals own the same property as tenants in common, the property typically qualifies for partition. For a more detailed overview of the partition and forced… Read More »PARTITION ACTION FOR TENANTS IN COMMON
Can siblings force the sale of inherited property? Yes, generally such property qualifies for a partition action. However, do not simply assume. Educate yourself, with this detailed overview of forced sale and partition actions. WHY WOULD SIBLINGS FORCE A SALE? When… Read More »CAN SIBLINGS FORCE THE SALE OF INHERITED PROPERTY?
A partition action forces the sale of jointly owned property and divides the sale proceeds. Less commonly, a partition divides the property itself, such that each co-owner receives a fractional piece. This often results from inherited property, divorced spouses, or… Read More »WHAT IS A PARTITION ACTION? (PARTITION LAWSUITS EXPLAINED)
When two or more people own the same property, one of the owners CAN force a sale of the jointly owned property via a partition action or lawsuit. If you are dealing with joint ownership property, this guide explains the… Read More »Forced Sale of Jointly Owned Property (Partition Action)
8-12 weeks is a typical quiet title time frame. However, do not assume that your quiet title is a typical one! There may be other factors at play. To accurately estimate your unique quiet title time frame, you must be aware of… Read More »QUIET TITLE TIME FRAME: HOW LONG DOES IT TAKE?
The last thing you need is an overpaid and ineffective quiet title attorney. You want an attorney who specializes in solving your unique problem and does not overcharge you for doing so. This article provides the most important considerations to… Read More »Before hiring a quiet title attorney, read this.
IF YOU OWN YOUR PERSONAL RESIDENCE IN AN LLC, ARE YOU SUBJECT TO CAPITAL GAINS TAX? For privacy and liability reasons, some homeowners hold title to a personal residence in the name of a limited liability company (LLC). Generally, this… Read More »PERSONAL RESIDENCE IN AN LLC – IMPACT ON CAPITAL GAINS TAX