QUESTION

Trying to settle my parents trust. What should I do?

Asked on Jul 20th, 2017 on Trusts and Estates - Oklahoma
More details to this question:
My sister and I are the beneficiaries and co- trustees of the estate. I am on my second lawyer and not getting anything done. It should be very simple to divide the trust but this second lawyer says its complicated. I think she is dragging it out for the money.
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1 ANSWER

Mediation (Family, Estate, Elder/Adult Care, Divorce) Attorney serving Tulsa, OK at Gale Allison, PLLC
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Your assessment of the situation is troublesome.  You do not say what your suspicions on the first lawyer were.   There are bad people in all professions and walks of life.  If you have hit upon two, either your process for choosing your counsel is flawed or you have terrible luck.   My advice is to hire the very best lawyer you can find who LIMITS his or her law practice to trusts and estates.  The attorney's hourly rate may be higher than you like, but this generally reflects higher expertise.  That "top of the head" knowledge alone often results in significant time and money savings due to less need for information and precedent research and figuring out how procedures work.   Do not engage any laywer without a written engagement letter that spells out the service to be provided.  You actually provide a lot of the information the lawyer needs to assist you. Be organized. Your job is to pay all the bills and debts, file the final tax returns and follow the dictates of the trust. If anything that should have been in the trust did not get titled to the trust, you may have to probate as well.   These things do take time. If you think you have a procrastinator  as an attorney and you want to move things along, set a monthly appointment to basically insist on your own deadlines to have items accomplished.  Taking a long time does not necessarily mean it will cost more.  It usually means nothing is being done and thus no fees are being generated.   If you choose to move to a third lawyer, do your research.  Look for credentials and experience, specifically in handling estates and trusts.  To your success, Gale Allison        
Answered on Jul 24th, 2017 at 7:43 PM

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