Oklahoma Deed Conveying Condominium Unit to Charity with Reservation of Life Tenancy in Donor and Donor's Spouse

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How to fill out Deed Conveying Condominium Unit To Charity With Reservation Of Life Tenancy In Donor And Donor's Spouse?

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FAQ

§60175.6a. Acquiring and holding real property in name of express trust Transfer Memorandum Presumption for conveyance by trustee. Any estate in real property may be acquired and held in the name of an express private trust which is a legal entity.

Your surviving spouse inherits all property acquired by joint effort during your marriage, plus 1/3 of the balance.

If the decedent leave no issue, the estate goes one-half (1/2) to the surviving husband or wife, and the remaining one-half (1/2) to the decedent's father or mother, or, if he leave both father and mother, to them in equal shares; but if there be no father or mother, then said remaining one-half (1/2) goes, in equal ...

Oklahoma statutes, title 60, sections 831- 839 section 831, short title this act shall be known and may be cited as the ?Residential Property Condition Disclosure Act.? existence of hazardous or regulated materials and other conditions having an environmental impact.

Under Oklahoma law, your spouse will receive the greater of the property left under the will or half the property acquired during the marriage. You can specify that your children inherit nothing. In your will, you must clearly specify that you are leaving nothing to a particular child or children.

Oklahoma probate law provides surviving spouses with the right to continue to occupy their primary residence and also provides for an allowance to support the spouse and the couple's children regardless of the terms of the decedent's will.

The key feature of this form of ownership is the right of survivorship. The last co-owner to die will hold title to the property in fee simple absolute individual ownership regardless of what the deceased co-owner's will provides and regardless of whether the surviving joint tenant is related to the deceased cotenant.

Spouses do not automatically inherit all of the property and assets unless there are no other relatives. In most cases, spouses receive half or less of community property and assets.

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Oklahoma Deed Conveying Condominium Unit to Charity with Reservation of Life Tenancy in Donor and Donor's Spouse