Asset Distribution
Fair, documented distribution to all beneficiaries. Complete transparency and accountability throughout the process.
Our Distribution Approach
Following the Will
When the decedent left a valid will, we follow its terms precisely. Specific bequests go to named beneficiaries, and the residuary estate is divided as directed.
Following Intestacy Law
When there's no will, Oklahoma's intestacy statute determines who inherits. We identify all rightful heirs and ensure proper shares are calculated and distributed.
Types of Assets Distributed
Financial Assets
- Bank accounts and CDs
- Investment accounts and brokerage funds
- Outstanding debts owed to the estate
- Business interests and ownership shares
Real Property
- Transfer of deeds to designated beneficiaries
- Sale and distribution of proceeds when appropriate
- Managing buyouts between co-beneficiaries
Personal Property
- Vehicles, jewelry, furniture, collectibles
- Facilitating fair division among beneficiaries
- Handling items with sentimental but limited monetary value
Distribution Process
1. Final Accounting
Before distribution, we prepare a complete accounting of all estate activity—assets received, debts paid, expenses incurred, and the balance available for distribution.
2. Calculation of Shares
Based on the will or intestacy law, we calculate each beneficiary's proportionate share with complete transparency in the methodology.
3. Distribution
Assets are transferred to beneficiaries—funds by check or wire, real property by deed, personal property by physical delivery.
4. Documentation
Each beneficiary signs a receipt acknowledging their distribution. This protects everyone and provides a clear record.
The Neutral Advantage
When a neutral professional handles distribution, beneficiaries know the process is fair and documented. No one can accuse a family member of favoritism or taking more than their share. Everyone receives complete information about how distributions were calculated.
Frequently Asked Questions
Common questions about asset distribution
When can beneficiaries receive their inheritance? +
After the creditor period (min. 2 months), debts are paid, and tax clearances obtained. Typically 4-6 months for simple estates. Partial distributions may be possible.
How is personal property divided? +
Per the will if specified, by heir agreement, or fair methods like taking turns selecting items. As neutral administrator, Kelli facilitates fair division.
What documentation do beneficiaries receive? +
Complete accounting of assets, debts, expenses, and distribution calculations. Each beneficiary signs a receipt. Full transparency.
What if a beneficiary is a minor? +
Funds go to a guardian/conservator, trust, or custodial account (UTMA). Professional administration ensures minors are properly protected.
Fair, Transparent Distribution
Schedule a consultation to discuss estate distribution.