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Clifton Baker
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Baker Law Tulsa, PLLC
5551 South Lewis Ave Suite A Tulsa, OK 74105» view map
Divorce & Family Law
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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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James A. McAuliff

Accident & Injury, Criminal, Divorce & Family Law, Estate

Status: In Good Standing Licensed: 39 Years

FREE CONSULTATION

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1515 S Denver, Tulsa, OK 74119

Katherine Saunders

Corporate, Trusts, Guardianships & Conservatorships, Contract

Status: In Good Standing

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2727 E. 21St Street, Tulsa, OK 74114

Philip J. Eller

Health Care Other, Wills & Probate, Consumer Rights, Transactions

Status: In Good Standing

CONTACT

2727 East 21St Street, Tulsa, OK 74114

Catherine Zilahy Welsh

Wills, Family Law, Criminal, Elder Law

Status: In Good Standing

CONTACT

2727 E 21St St, Tulsa, OK 74114

L. Michele Nelson

Estate Planning, Guardianships & Conservatorships, Estate, Wills

Status: In Good Standing

CONTACT

Tulsa, OK 74104

Ron Brown

Estate, Bankruptcy, Bankruptcy & Debt, Accident & Injury

FREE CONSULTATION

CONTACT

320 South Boston, Tulsa, OK 74103

Chad J. Kutmas

Real Estate, Estate Planning, Family Law, Bankruptcy

Status: In Good Standing

CONTACT

15 East 5th Street, Tulsa, OK 74103

Allison Mcgrath Gardner

International Tax, Pension & Benefits, Reorganization, Trusts

Status: In Good Standing

CONTACT

4000 One Williams Center, Tulsa, OK 74172

Beverly K. Smith

Real Estate, Trusts, Corporate Governance, Corporate

Status: In Good Standing

CONTACT

4000 One Williams Center, Tulsa, OK 74172

Margaret L. Kobos

Litigation, Estate Planning, Municipal, Real Estate

Status: In Good Standing

CONTACT

124 East Fourth Street, Tulsa, OK 74103

800-923-0641

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LEGAL TERMS

DEVISEE

A person or entity who inherits real estate under the terms of a will.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

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.

SURROGATE COURT

See probate court.

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

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Owasso Estate Lawyer, Oklahoma, page 4

Sponsored Law Firm

Baker Law Tulsa, PLLC

SPONSORED LAWYERS

James A. McAuliff

Katherine Saunders

Philip J. Eller

Catherine Zilahy Welsh

L. Michele Nelson

Ron Brown

Chad J. Kutmas

Allison Mcgrath Gardner

Beverly K. Smith

Margaret L. Kobos

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LEGAL TERMS

DEVISEE

GRANTOR RETAINED INCOME TRUST

GENERATION-SKIPPING TRANSFER TAX

SURROGATE COURT

BANKRUPTCY ESTATE

PREDECEASED SPOUSE

SUMMARY PROBATE

ACCUMULATION TRUST

INHERIT

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