Loyal Estate Lawyer, Oklahoma, page 2

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Robert R. Robles

Real Estate, Oil & Gas, Wills & Probate, Accident & Injury
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Gloria C. Bates

Adoption, Arbitration, Collaborative Law, Estate Planning
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Randy Dean Mecklenburg

Elder Law, Gift Taxation, Estate, Corporate
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Patrick James Gibson

Adoption, Gift Taxation
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James Carter Bass

Corporate, Contract, Elder Law, Estate Planning
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Braden C. Land

Federal Trial Practice, Estate Planning, Divorce, Guardianships & Conservatorships
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Karig P. Culver

Corporate, Oil & Gas, Estate Planning, Real Estate
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Benjamin Bowers

Estate Planning, Banking & Finance
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Richard L. Mcknight

Estate Planning, Real Estate, Trusts, Estate
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Tim J. Crowley

Real Estate, Wills & Probate, Trusts, Administrative Law
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LEGAL TERMS

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)
Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)
The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

MINERAL RIGHTS

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral right... (more...)
An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral rights is usually entitled to either take the minerals from the land himself or receive a royalty from the party that actually extracts the minerals.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)
The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.