Tulsa Estate Planning Lawyer, Oklahoma, page 7

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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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Includes: Gift Taxation

Mark E Hardin

Wills & Probate, Estate Planning, Elder Law, Medical Malpractice

Status: In Good Standing

CONTACT

907 S Detroit Ave, Tulsa, OK 74120

Paul E. Swain

Adoption, Guardianships & Conservatorships, Estate Planning

Status: In Good Standing

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601 S Boulder Ave, Tulsa, OK 74119

Maureen J Knudson

Dispute Resolution, Wills & Probate, Estate Planning, Elder Law

Status: In Good Standing

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1861 E 15Th St, Tulsa, OK 74104

Chad J. Kutmas

Real Estate, Estate Planning, Family Law, Bankruptcy

Status: In Good Standing

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15 East 5th Street, Tulsa, OK 74103

Heather Flynn Earnhart

Real Estate, Litigation, Estate Planning, Family Law

Status: In Good Standing

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521 E 2Nd St, Tulsa, OK 74120

Todd Hudgins

International, Estate, Wills, Gift Taxation

Status: In Good Standing Licensed: 21 Years

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9315 S Toledo Ave, Tulsa, OK 74137

Sheila Dawn Sayne

Construction, Civil Rights, Business & Trade, Estate Planning, Commercial Real Estate

Status: In Good Standing

CONTACT

Tulsa, OK 74153

Demont W. Mcneil

International, Gift Taxation, Tax

Status: In Good Standing Licensed: 41 Years

CONTACT

9632 S 67Th East Ave, Tulsa, OK 74133

Jeffrey King Rhodes

Business & Trade, Wills, Gift Taxation, Tax

Status: In Good Standing Licensed: 19 Years

CONTACT

Tulsa, OK 74152

Stuart Paul Kasiske

Oil & Gas, Gift Taxation, Employee Rights, Securities

Status: In Good Standing Licensed: 25 Years

CONTACT

100 W 5Th St, Tulsa, OK 74103

800-923-0641

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LEGAL TERMS

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a beneficiary.

ADMINISTRATRIX

An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male... (more...)

An outdated term for a female administrator -- the person appointed by a court to handle probate on behalf of someone who died without a will. Now, whether male or female, this person is called the administrator.

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.

MINERAL RIGHTS

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral right... (more...)

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral rights is usually entitled to either take the minerals from the land himself or receive a royalty from the party that actually extracts the minerals.

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.'

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

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.

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

SAMPLE LEGAL CASES

In re Marriage of Murphy

... Id. Joint revocable trusts are an alternative estate planning technique which have become popular in common-law property states because they avoid probate and the need to sever jointly owned assets into separate trusts for each spouse. Id. at 346-347. ...

Edwards v. Urice

... 22 The evidence in the record establishes the following facts. Urice was not related to Bowers by blood and was not a natural object of her bounty. Prior to 1997, Bowers had never mentioned Urice in her estate planning or wanted him to be involved in her financial affairs. ...

Friedman v. Craig

... The motion included affidavits to support Appellant's defense against a fraudulent conveyance, ie, the transfer of the joint tenancy interest in Appellant's home to Craig in 2001 was an estate planning device necessitated by her heart surgery and a concurrently-executed second ...

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Tulsa Estate Planning Lawyer, Oklahoma, page 7

Sponsored Law Firm

Baker Law Tulsa, PLLC

SPONSORED LAWYERS

Mark E Hardin

Paul E. Swain

Maureen J Knudson

Chad J. Kutmas

Heather Flynn Earnhart

Todd Hudgins

Sheila Dawn Sayne

Demont W. Mcneil

Jeffrey King Rhodes

Stuart Paul Kasiske

TIPS

LEGAL TERMS

DISTRIBUTEE

ADMINISTRATRIX

BYPASS TRUST

MINERAL RIGHTS

LIVING TRUST

ABATEMENT

ANCILLARY PROBATE

SURVIVING SPOUSE'S TRUST

TRUST DEED

SAMPLE LEGAL CASES

In re Marriage of Murphy

Edwards v. Urice

Friedman v. Craig

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