James H. Lockhart
Attorney and Counselor at Law
Park on Main, Suite 136, 3750 West Main St., Norman, OK 73072 (405)292-5998
Many people are establishing revocable living trusts. Or they may be the beneficiary of a trust established by a parent or other loved one.
administration of trusts involves the legal duties owed by the trustee to the
beneficiaries and the legal rights of beneficiaries.
It includes the proper investment of trust property, accounting for trust
income and property, timely distribution, and other legal and tax issues.
Oklahoma law imposes many duties and responsibilities on trustees.
cases of conflict or where the document creating the trust is unclear, it may be
necessary to seek resolution or clarification by the District Court.
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