We have all heard the joke that only two things in life are certain: death and taxes. Unfortunately, this is not too far from the truth in many respects; and, even after an Oklahoma resident dies, there will be a number of tax issues to take care of during the estate administration process. In this article, we will discuss the filing and preparation of your deceased loved one's IRS 1040 form.
When people are preparing to draft a will or set up a trust in Oklahoma, they do so with the idea that their assets will be passed to their intended beneficiaries according to their wishes. This desire can be derailed if, after the testator or grantor dies, a disgruntled potential beneficiary files a challenge to the will or to the trust.