Macomb Trusts Lawyer, Oklahoma, page 2

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Baker Law Tulsa, PLLC
5551 South Lewis Ave Suite A Tulsa, OK 74105» view map
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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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Benjamin Paul Butler

Federal Appellate Practice, Trusts, Estate Planning, Family Law

Status: In Good Standing

CONTACT

207 W. Main Street, Norman, OK 73069

Benjamin Ryan Grubb

Insurance, Contract, Trusts, Personal Injury

Status: In Good Standing

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3540 S Boulevard, Edmond, OK 73013

Breea Diane Clark

General Practice

Status: In Good Standing

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3000 Skye Ridge Drive, Norman, OK 73069

Brenda Huard Barnes

Adoption, Trusts

Status: In Good Standing

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300 Timberdell Rd, Norman, OK 73019

Cathleen Ann Jones

Gift Taxation, Trusts, Tax, Estate Planning

Status: In Good Standing

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1125 N. Porter, Norman, OK 73071

Christal Dianne Adair

Criminal, Wills, Family Law, Trusts, Estate

Status: In Good Standing

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1712 Hazelwood Dr, Norman, OK 73071

Christopher Papin

Tax, Trusts, Gift Taxation, Business

Status: In Good Standing

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13907 Quail Pointe Drive, Oklahoma City, OK 73134

Clarke Lewis Randall

Corporate, Estate Planning, Gift Taxation, Trusts

Status: In Good Standing

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2964 Via Esperanza, Edmond, OK 73013

Clifton D. Naifeh

Trusts, Divorce, Insurance, Personal Injury

Status: In Good Standing

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870 Copperfield Dr, Norman, OK 73072

Cody Jones

Elder Law, Trusts, Guardianships & Conservatorships, Estate

Status: In Good Standing

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Edmond, OK 73083

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LEGAL TERMS

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

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.

MARITAL LIFE ESTATE TRUST

See AB trust.

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.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living 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 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). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

CURATOR

See conservator.

SURROGATE COURT

See probate court.

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

SAMPLE LEGAL CASES

In re Estate of Jackson

... in which, relying on Thomas v. Bank of Okla., NA, 1984 OK 41, 684 P.2d 553, he argued that in the September 3, 2003 order, the trial court found him to be Jackson's son and Jackson's sole surviving heir at law; that the terms of title 84, section 132 applied to trusts, as well as ...

In re Lorice T. Wallace Revocable Trust

... of the No-Contest Provisions of the Lorice T. Wallace Revocable Trust and the Lorice T. Wallace Irrevocable Trust." After a hearing the trial court found that the respondent-appellant, Mary Roma Wallace Jage, had violated the no-contest provisions included in the two trusts. ...

Welch v. Crow

... [13]. A. Title 84 OS 2001 Â§132 Does Not Apply To Revocable Inter Vivos Trusts. ... [14] The trustees respond that Â§132 applies only to wills, and not to trusts. Our recent opinion in In re Estate of Jackson, 2008 OK 83, 194 P.3d 1269, is dispositive of the question. ...

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Macomb Trusts Lawyer, Oklahoma, page 2

Sponsored Law Firm

Baker Law Tulsa, PLLC

SPONSORED LAWYERS

Benjamin Paul Butler

Benjamin Ryan Grubb

Breea Diane Clark

Brenda Huard Barnes

Cathleen Ann Jones

Christal Dianne Adair

Christopher Papin

Clarke Lewis Randall

Clifton D. Naifeh

Cody Jones

TIPS

LEGAL TERMS

ALTERNATE BENEFICIARY

RESIDUARY ESTATE

MARITAL LIFE ESTATE TRUST

POUR-OVER WILL

PER STIRPES

SUCCESSOR TRUSTEE

CURATOR

SURROGATE COURT

PRETERMITTED HEIR

SAMPLE LEGAL CASES

In re Estate of Jackson

In re Lorice T. Wallace Revocable Trust

Welch v. Crow

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