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Clifton Baker
About | Practice Areas
Baker Law Tulsa, PLLC
5551 South Lewis Ave Suite A Tulsa, OK 74105» view map
Divorce & Family Law
A Law Firm That Cares

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800-828-0670
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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Gregory S. Taylor

Oil & Gas, Estate Planning, Corporate, Personal Injury

Status: In Good Standing

CONTACT

115 South Broadway, Ada, OK 74821

Heather Jane Russell

Social Security, Elder Law, Adoption, Gift Taxation

Status: In Good Standing

CONTACT

100 Plaza, Madill, OK 73446

T Walter Newmaster

Real Estate, Corporate, Contract, Estate Planning

Status: In Good Standing

CONTACT

Ada, OK 74821

William Wayne Speed

Wills, Estate, Insurance, Personal Injury

Status: In Good Standing Licensed: 32 Years

CONTACT

Ada, OK 74821

William B. Cook

Oil & Gas, Industry Specialties, Public Utilities, Wills

Status: In Good Standing Licensed: 15 Years

CONTACT

Ada, OK 74821

Donald J. Chaffin

Oil & Gas, Litigation, Estate Planning, Environmental Law

Status: In Good Standing

CONTACT

100 E Street S.W., Ardmore, OK 73402

Robert D. Long

Banking & Finance, Oil & Gas, Estate Planning, Corporate

Status: In Good Standing

CONTACT

100 E Street S.W., Ardmore, OK 73402

Daniel V. Barney

Real Estate, Traffic, Oil & Gas, Gift Taxation

Status: In Good Standing

CONTACT

22387 Ncr 3220, Pauls Valley, OK 73075

Tim Maxcey

Estate, Insurance, Bankruptcy, Medical Malpractice

Status: In Good Standing

CONTACT

343 E. Carl Albert Parkway, Mcalester, OK 74501

800-923-0641

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LEGAL TERMS

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to o... (more...)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to or taken from a worker provides some protection for workers in the event certain types of pension plans cannot pay the benefits to which workers are entitled, and requires that employers provide full and clear information about employees' pension rights, including the way pension benefits accumulate, how the company invests pension funds, and when and how pension benefits can be collected.

NET ESTATE

The value of all property owned at death less liabilities or debts.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

FAMILY ALLOWANCE

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property per capita, Julie and the two grandchildren will each take a third. If, on the other hand, Fred's will states that heirs of a deceased beneficiary are to receive the property per stirpes, Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation).

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Bromide Estate Lawyer, Oklahoma

Sponsored Law Firm

Baker Law Tulsa, PLLC

SPONSORED LAWYERS

Gregory S. Taylor

Heather Jane Russell

T Walter Newmaster

William Wayne Speed

William B. Cook

Donald J. Chaffin

Robert D. Long

Daniel V. Barney

Tim Maxcey

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LEGAL TERMS

BEQUEATH

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

NET ESTATE

IRREVOCABLE TRUST

FAMILY ALLOWANCE

EXEMPTION TRUST

GENERATION-SKIPPING TRANSFER TAX

FAILURE OF ISSUE

PER CAPITA

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