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Last Will and Testament Template - Oklahoma
An Oklahoma Last Will and Testament is an important tool for any individual who wants to control how their assets will be distributed after they pass away. When writing a will the individual - also referred to as the Testator - can leave important instructions regarding inheritance, guardianship over children and pets, charitable donations and the distribution of valuables and family heirlooms.
The form is a must if the individual has specific beneficiaries in mind and does not want their property to go to the state, has no living relatives or has minor children that will need to be taken care of in the event of the Testator's death.
The Oklahoma Last Will is defined by § 30-2209(53) and regulated by Chapter 30 (Decedent's Estate; Protection of Persons and Property) . The form must be signed by at least two (2) competent people in the presence of the Testator. Click on this link to download a ready-made template or create your own document with our online form builder.
What Is a Last Will and Testament in Oklahoma?
A Last Will and Testament is a legal document that is written by a Testator to ensure that their estate will be distributed according to their wishes after their death. A Testator has to comply with certain requirements in order to be able to create a will.
- Age. A person must be over the age of 18 or an emancipated minor to legally be able to make a will.
- Testamentary capacity. A Testator must be of sound mind when composing their will. Having testamentary capacity means that the Testator has an understanding of what they are signing and are aware of the general nature and amount of property they own.
- Witnesses. All Last Wills must be signed and certified by a notary. Most states also require a legal will to be witnessed by least two people present during the signing of the document.
How to Write a Will and Testament in Oklahoma?
Each state has its specific requirements that a Last Will and Testament template must meet to be legally acknowledged. A Testator is free to choose what to include in their will. The basic instructions for creating a will in Oklahoma are as follows:
- The Testator must make a list of the people that they would like to elect as beneficiaries.
- The Testator should then create an inventory of all assets (real estate, vehicles, bank accounts) and calculate their worth.
- The money and property must then be split between the selected beneficiaries.
- A portion of the assets that will go towards paying inheritance tax, mortgages and funeral costs should be calculated and included in the will.
In most cases, it is best practice to select an Executor - a person that carries out a Testator's wishes in accordance with the will. Any adult 18 years or older and that has never been convicted of a felony can be an Executor for a will.
Download Last Will and Testament Template - Oklahoma
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