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Chickasha Estate Lawyer, Oklahoma

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1-6 of 6 matches. Page 1 of 1  

Deborah A Sterkel

Banking & Finance, Corporate, Business Organization, Estate Planning
Status:  In Good Standing           
CONTACT
201 North Fourth Street, Chickasha, OK 73018
Profile LAWPOINTS™40/100
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Stephen R. McCalla

Estate, Estate Planning, Family Law, Mental Health
Status:  In Good Standing           
CONTACT
201 North Fourth Street, Chickasha, OK 73018
Profile LAWPOINTS™28/100
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Tom A. Frailey

Estate, Estate Planning, Municipal, Wills & Probate
Status:  In Good Standing           
CONTACT
201 North Fourth Street, Chickasha, OK 73018
Profile LAWPOINTS™22/100
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David L. Perryman

Estate, Power of Attorney, Real Estate, Elder Law, Business
Status:  In Good Standing           Licensed:  41 Years
CONTACT
118 North Fourth Street, Chickasha, OK 73018
Profile LAWPOINTS™65/100
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Donald Patrick Ferguson

Commercial Real Estate, Wills, Elder Law, Personal Injury
Status:  In Good Standing           
CONTACT
415 S 7Th St, Chickasha, OK 73018
Profile LAWPOINTS™36/100
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Donald Paul Ferguson

Personal Injury, Elder Law, Commercial Real Estate, Wills
Status:  In Good Standing           
CONTACT
415 S 7Th St, Chickasha, OK 73018
Profile LAWPOINTS™24/100
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Lawyer.com can help you easily and quickly find Chickasha Estate Lawyers and Chickasha Estate Law Firms. Refine your search by specific Estate practice areas such as Estate Planning, Trusts, Wills & Probate and Power of Attorney matters.

LEGAL TERMS

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)
A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)
Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)
The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

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.

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

FAILURE OF ISSUE

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

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)
In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

CREDIT SHELTER TRUST

See AB trust.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)
Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

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