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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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John H. Cary

Elder Law, Trusts, Guardianships & Conservatorships, Estate Planning

Status: In Good Standing

CONTACT

Claremore, OK 74018

Ryan Matthew Roberts

Workers' Compensation, Trusts, Criminal, Commercial Real Estate

Status: In Good Standing

CONTACT

Claremore, OK 74018

Tiffany Anne Huss

Adoption, Trusts, Estate Planning, Estate

Status: In Good Standing

CONTACT

16442 E 115Th St N, Owasso, OK 74055

Joshua Jabulani Nthuthukho Whitley

General Practice

Status: In Good Standing

CONTACT

1502 N Florence Pl, Claremore, OK 74017

James Justin Greer

Estate, Divorce & Family Law, Civil & Human Rights, Business

Status: In Good Standing

CONTACT

418 W 4Th St, Claremore, OK 74017

Kassie N. Mccoy

Health Care Other, Eminent Domain, Personal Injury, Estate

Status: In Good Standing

CONTACT

400 West Fourth Street, Claremore, OK 74018

C. Eric Pfanstiel

Construction, Occupational Safety & Health, Litigation, Trusts

Status: In Good Standing

CONTACT

400 West Fourth Street, Claremore, OK 74018

Benjamin Michael Lepak

International Other, Litigation, Business & Trade, Wills

Status: In Good Standing Licensed: 15 Years

CONTACT

200 S Lynn Riggs Blvd, Claremore, OK 74017

Benjamin Michael Lepak

International Other, Litigation, Business & Trade, Wills

Status: In Good Standing

CONTACT

200 S Lynn Riggs Blvd, Claremore, OK 74017

Matthew Joseph Ballard

Real Estate, Criminal, Divorce, Estate Planning

Status: In Good Standing

CONTACT

200 S Lynn Riggs Blvd, Claremore, OK 74017

800-923-0641

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LEGAL TERMS

LIFE BENEFICIARY

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

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

FAILURE OF ISSUE

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

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

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.

IRREVOCABLE TRUST

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

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

OFFICER

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.

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Oologah Estate Lawyer, Oklahoma

Sponsored Law Firm

Baker Law Tulsa, PLLC

SPONSORED LAWYERS

John H. Cary

Ryan Matthew Roberts

Tiffany Anne Huss

Joshua Jabulani Nthuthukho Whitley

James Justin Greer

Kassie N. Mccoy

C. Eric Pfanstiel

Benjamin Michael Lepak

Benjamin Michael Lepak

Matthew Joseph Ballard

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LEGAL TERMS

LIFE BENEFICIARY

ESTATE TAXES

PUBLIC ADMINISTRATOR

FAILURE OF ISSUE

SPENDTHRIFT TRUST

GENERATION-SKIPPING TRANSFER TAX

IRREVOCABLE TRUST

LIVING TRUST

OFFICER

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