Marietta Estate Lawyer, Oklahoma

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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

Let Baker Law Tulsa, PLLC handle all your legal needs today!

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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Michael J. Hester

Estate Planning, Civil Rights, Accident & Injury

Status: In Good Standing

CONTACT

Overbrook, OK 73453

Lorenzo Thurmond Collins

Estate, Adoption, Elder Law

Status: In Good Standing

CONTACT

16 Stanley Street Sw, Ardmore, OK 73402

Julie J. Austin

Lawsuit & Dispute, Oil & Gas, Wills & Probate, Divorce & Family Law

Status: In Good Standing

CONTACT

18 S Washington St, Ardmore, OK 73401

Thomas Keith Baldwin

Oil & Gas, Lending, Estate

Status: In Good Standing

CONTACT

20 B Street SW, Ardmore, OK 73401

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

James B Dolman

Commercial Real Estate, Estate Planning, Corporate

Status: Inactive Licensed: 34 Years

CONTACT

Ardmore, OK 73402

Stephen Ezra Dyer

Wills & Probate, Corporate, Trusts, Commercial Real Estate

Status: In Good Standing

CONTACT

Ardmore, OK 73402

Ronald Eugene Worthen

Federal Trial Practice, Estate, Divorce, Criminal

Status: In Good Standing Licensed: 56 Years

CONTACT

Ardmore, OK 73402

Heather Jane Russell

Social Security, Elder Law, Adoption, Gift Taxation

Status: In Good Standing

CONTACT

100 Plaza, Madill, OK 73446

800-923-0641

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LEGAL TERMS

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

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.

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

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.

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

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.

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.

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.

Marietta Estate Lawyer, Oklahoma

Sponsored Law Firm

Baker Law Tulsa, PLLC

SPONSORED LAWYERS

Michael J. Hester

Lorenzo Thurmond Collins

Julie J. Austin

Thomas Keith Baldwin

Donald J. Chaffin

Robert D. Long

James B Dolman

Stephen Ezra Dyer

Ronald Eugene Worthen

Heather Jane Russell

TIPS

LEGAL TERMS

CHARITABLE TRUST

FINAL BENEFICIARY

REMAINDERMAN

POWER OF APPOINTMENT

QTIP TRUST

PROBATE

RESIDUARY ESTATE

GENERATION-SKIPPING TRANSFER TAX

SURROGATE COURT

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