The will may provide that testator’s spouse shall be presumed to have survived the testator if both should die in a common disaster under circumstances that make it uncertain who died first. If the will does not contain such a simultaneous death clause, Oklahoma’s statute (Title 58, Oklahoma Statutes Annotated, Section 1001) directs that in [...]
Archive of posts tagged money
General Provisions Applying to All Wills
General provisions that apply to all types of wills include:
• A spouse may dispose of all his or her separate estate by will, without the consent of the other spouse.
• A will cannot take precedence over:
1. A written antenuptial agreement. An antenuptial agreement is one made up between a man and woman prior to their [...]
Financial Statements
We already know that the value of our firm is determined by its underlying projects. We already know that these projects have cash flows that we use in our NPV analyses. So, why should you bother with learning about what companies say in their financials? A rose is a rose is a rose, isn’t it? [...]
Importance of Legal Assistance
By all means, consult a lawyer in planning and writing your will. If your will is not executed as the law prescribes, or if it attempts to do illegal things, it may be declared invalid. An untrained person is likely to use inaccurate or ambiguous language in drawing his will that when contested would be [...]