{"version":"1.0.0","segments":[{"startTime":0.1,"endTime":1.434,"body":"Oklahoma Revocable living"},{"startTime":1.434,"endTime":3.87,"body":"trust is the same as a revocable trust"},{"startTime":3.87,"endTime":5.472,"body":"almost anywhere else."},{"startTime":5.472,"endTime":7.14,"body":"Now, there are certain situations"},{"startTime":7.14,"endTime":8.975,"body":"where you have assets that are over, say,"},{"startTime":8.975,"endTime":10.61,"body":"$11.5 million,"},{"startTime":10.61,"endTime":11.911,"body":"I think is the number right now"},{"startTime":11.911,"endTime":13.179,"body":"per individual"},{"startTime":13.179,"endTime":14.514,"body":"where we may have to"},{"startTime":14.514,"endTime":16.016,"body":"or you may have to go out"},{"startTime":16.016,"endTime":17.884,"body":"and look at getting a revocable trust,"},{"startTime":17.884,"endTime":20.053,"body":"maybe in a specific state"},{"startTime":20.053,"endTime":21.755,"body":"that is more friendly"},{"startTime":21.755,"endTime":24.057,"body":"to people who have assets over"},{"startTime":24.057,"endTime":26.86,"body":"$11 million or $11.5 million."},{"startTime":27.26,"endTime":29.829,"body":"But for 99% of the United States,"},{"startTime":30.13,"endTime":31.531,"body":"and Oklahoma, revocable"},{"startTime":31.531,"endTime":33.666,"body":"trust is going to be very similar"},{"startTime":33.666,"endTime":36.503,"body":"to just a regular revocable trust"},{"startTime":36.703,"endTime":38.204,"body":"in any other state."},{"startTime":38.204,"endTime":39.239,"body":"And what's nice about"},{"startTime":39.239,"endTime":42.509,"body":"it is in most jurisdictions an Oklahoma"},{"startTime":42.509,"endTime":43.109,"body":"over a workable"},{"startTime":43.109,"endTime":45.078,"body":"trust will be recognized"},{"startTime":45.078,"endTime":46.913,"body":"as a as an entity."},{"startTime":46.913,"endTime":48.648,"body":"And you can actually change"},{"startTime":48.648,"endTime":49.749,"body":"what's called the situs"},{"startTime":49.749,"endTime":51.885,"body":"or basically the residence of the trust"},{"startTime":51.885,"endTime":53.253,"body":"to another state."},{"startTime":53.253,"endTime":54.387,"body":"If, for example,"},{"startTime":54.387,"endTime":55.688,"body":"the person who created"},{"startTime":55.688,"endTime":57.924,"body":"it has moved to another state,"},{"startTime":57.924,"endTime":60.06,"body":"now I will say that"},{"startTime":60.06,"endTime":61.594,"body":"if you have moved to another state"},{"startTime":61.594,"endTime":63.229,"body":"and you are going to probably make"},{"startTime":63.229,"endTime":65.899,"body":"that state your lifetime residence,"},{"startTime":66.232,"endTime":67.667,"body":"then after a few years,"},{"startTime":67.667,"endTime":68.968,"body":"it might be a good idea"},{"startTime":68.968,"endTime":70.703,"body":"to visit with an estate planning attorney"},{"startTime":70.703,"endTime":72.272,"body":"in that jurisdiction"},{"startTime":72.272,"endTime":74.107,"body":"and see if the revocable trust"},{"startTime":74.107,"endTime":76.242,"body":"is going to do exactly what you want"},{"startTime":76.543,"endTime":77.944,"body":"in that jurisdiction."},{"startTime":77.944,"endTime":79.012,"body":"In general,"},{"startTime":79.012,"endTime":80.013,"body":"a revocable living"},{"startTime":80.013,"endTime":81.414,"body":"trust made in one"},{"startTime":81.414,"endTime":82.949,"body":"state is going to be good"},{"startTime":82.949,"endTime":83.817,"body":"in another state."},{"startTime":83.817,"endTime":85.051,"body":"So if you have an Oklahoma"},{"startTime":85.051,"endTime":86.086,"body":"revocable trust,"},{"startTime":86.086,"endTime":87.387,"body":"it's going to be good"},{"startTime":87.387,"endTime":89.823,"body":"and function correctly in another state."},{"startTime":89.856,"endTime":91.291,"body":"But you have options."},{"startTime":91.291,"endTime":92.792,"body":"And like I say, always"},{"startTime":92.792,"endTime":93.326,"body":"you need"},{"startTime":93.326,"endTime":95.395,"body":"to be reevaluating your estate plan"},{"startTime":95.395,"endTime":97.23,"body":"on an annual basis."},{"startTime":97.23,"endTime":99.132,"body":"And if you've moved to another state"},{"startTime":99.132,"endTime":101.301,"body":"or you moved to another jurisdiction,"},{"startTime":101.301,"endTime":103.703,"body":"then you might revisit whether or not"},{"startTime":103.703,"endTime":104.404,"body":"that revocable"},{"startTime":104.404,"endTime":105.872,"body":"trust needs to be restated"},{"startTime":105.872,"endTime":107.841,"body":"for specific laws"},{"startTime":107.841,"endTime":108.308,"body":"that are"},{"startTime":108.675,"endTime":110.343,"body":"in whatever jurisdiction you're in."},{"startTime":110.343,"endTime":112.378,"body":"Just make sure you keep your trust up"},{"startTime":112.378,"endTime":113.913,"body":"to date and you should be OK."}]}