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The cost of creating a trust in Oklahoma varies, but a basic Revocable Living Trust generally ranges from $1,000 to $3,000. The cost may be higher for more complex trusts or if you require the assistance of an attorney. Online legal services can offer more affordable alternatives for creating trusts.

You can appoint yourself as the trustee (and your spouse as a co-trustee for joint trusts). If you do, you'll also have to name a successor trustee to manage the trust should you become incapacitated or pass away. Create the trust document with trust-building software or with the help of an attorney.

Your heirs have immediate and continuous access to all the property and no reason to make all of the details of the family public in an Oklahoma probate case. The process of administering a living trust is private nothing needs to be filed publicly like with probate.

To make a living trust in Oklahoma, you: Choose whether to make an individual or shared trust. Decide what property to include in the trust. Choose a successor trustee. Decide who will be the trust's beneficiaries?that is, who will get the trust property. Create the trust document.

In Oklahoma, trusts are deemed to be revocable unless the document creating the trust specifically says the trust is irrevocable. An irrevocable trust will generally be required to achieve minimization of estate or income taxes.

Creating a living trust in Oklahoma occurs when you sign the written trust document before a notary public. You must then take the final step of funding the trust by transferring your assets into it.