Broken Arrow Estate Lawyer, Oklahoma, page 5

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Clifton Baker
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Baker Law Tulsa, PLLC
5551 South Lewis Ave Suite A Tulsa, OK 74105» view map
Divorce & Family Law
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1. Clifton Baker Tulsa, OK
  Attorney at Law, OK
  Oklahoma City University School of Law, J.D. 1975
2. AboutBaker Law Tulsa, PLLC
  A Law Firm That Cares
3. Practice AreasExpertise
  Divorce & Family Law
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June Anne Stanley

Divorce & Family Law, Estate, Lawsuit & Dispute, Real Estate, Divorce

Status: In Good Standing

CONTACT

Broken Arrow, OK 74013

Bruce N Powers

Accident & Injury, Wills & Probate, Personal Injury, Contract

Status: In Good Standing

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4845 S Sheridan Rd, Tulsa, OK 74145

Jeffrey Darin Lower

Civil Rights, Title Insurance, Estate, Residential Real Estate

Status: In Good Standing

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7666 East 61St Street, Tulsa, OK 74133

Seth Alan Caywood

Adoption, Divorce, Family Law, Wills & Probate

Status: In Good Standing

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7170 S. Braden Avenue, Tulsa, OK 74136

Todd F. Hudgins

International, Wills, Gift Taxation, Estate

Status: In Good Standing Licensed: 21 Years

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9315 S Toledo Ave, Tulsa, OK 74137

Michael Jay McDaniel

Employment, Estate, Lawsuit & Dispute, Real Estate

Status: In Good Standing Licensed: 24 Years

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4725 East 91st Street, Tulsa, OK 74137

Carrie Anne House

Estate

Status: In Good Standing

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1621 S. Eucalyptus Ave, Broken Arrow, OK 74012

Reece Boone Morrel

Bankruptcy & Debt, Gift Taxation, Income Tax, Corporate Tax

Status: In Good Standing

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6846 S Canton Ave, Tulsa, OK 74136

Clifton Baker

Estate, Divorce, Business, Bankruptcy

Status: In Good Standing

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8301 E. 51St St., Tulsa, OK 74155

James Harry Beauchamp

Gift Taxation, Corporate, Commercial Real Estate, Tax

Status: In Good Standing

CONTACT

7233 S 85Th East Ave, Tulsa, OK 74133

800-923-0641

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LEGAL TERMS

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

MARITAL LIFE ESTATE TRUST

See AB trust.

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

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Broken Arrow Estate Lawyer, Oklahoma, page 5

Sponsored Law Firm

Baker Law Tulsa, PLLC

SPONSORED LAWYERS

June Anne Stanley

Bruce N Powers

Jeffrey Darin Lower

Seth Alan Caywood

Todd F. Hudgins

Michael Jay McDaniel

Carrie Anne House

Reece Boone Morrel

Clifton Baker

James Harry Beauchamp

TIPS

LEGAL TERMS

PREDECEASED SPOUSE

POWER OF APPOINTMENT

ENDOWMENT INSURANCE

PROPERTY CONTROL TRUST

RESIDUARY ESTATE

SUMMARY PROBATE

MARITAL LIFE ESTATE TRUST

ANCILLARY PROBATE

DEATH TAXES

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