Owasso Estate Lawyer, Oklahoma

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Richard A. Shallcross Lawyer

Richard A. Shallcross

VERIFIED
Accident & Injury, Nursing Home, Workers' Compensation, Bad Faith Insurance, Estate

Richard A. Shallcross has been practicing law in Oklahoma for more than 30 years. His practice is dedicated to the representation of injured patients,... (more)

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918-592-1645

Jon  Starr Lawyer

Jon Starr

VERIFIED
Accident & Injury, Lawsuit & Dispute, Estate, Business, Construction

Jon Starr has tried more 120 cases to jury verdict in Oklahoma. He maintains a civil litigation practice, with a focus on claims involving auto neglig... (more)

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918-872-0371

Randall G. Vaughan Lawyer

Randall G. Vaughan

VERIFIED
Estate

After developing a successful high school speech and debate program, Randall Vaughan left education to pursue a career as a trial lawyer, a goal that ... (more)

Rohit Sharma

Securities, Corporate, Wills, Contract
Status:  In Good Standing           

William C. Anderson

Real Estate, Litigation, Election & Political, Trusts
Status:  In Good Standing           

Amanda Kay Smallwood

Family Law, Workers' Compensation, Estate Planning, Child Support
Status:  In Good Standing           

Owen T. Evans

Divorce & Family Law, Mediation, Labor Law, Wills & Probate
Status:  In Good Standing           

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Justin B. Munn

Divorce & Family Law, Estate, Wills & Probate, Corporate
Status:  In Good Standing           

Harry V. Rouse

Wills & Probate, Trusts, Estate Planning, Employment
Status:  In Good Standing           

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Lawyer.com can help you easily and quickly find Owasso Estate Lawyers and Owasso 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

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.'

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)
1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

SURROGATE COURT

See probate court.

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

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).

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.'

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)
A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.