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Wapanucka Estate Planning Lawyer, Oklahoma

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Includes: Gift Taxation

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1-6 of 6 matches. Page 1 of 1  

Heather Jane Russell

Social Security, Elder Law, Adoption, Gift Taxation
Status:  In Good Standing           
CONTACT
100 Plaza, Madill, OK 73446
Profile LAWPOINTS™17/100
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Gregory S. Taylor

Oil & Gas, Estate Planning, Corporate, Personal Injury
Status:  In Good Standing           
CONTACT
115 South Broadway, Ada, OK 74821
Profile LAWPOINTS™19/100
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T Walter Newmaster

Real Estate, Corporate, Contract, Estate Planning
Status:  In Good Standing           
CONTACT
Ada, OK 74821
Profile LAWPOINTS™22/100
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Donald J. Chaffin

Oil & Gas, Litigation, Estate Planning, Environmental Law
Status:  In Good Standing           
CONTACT
100 E Street S.W., Ardmore, OK 73402
Profile LAWPOINTS™19/100
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Robert D. Long

Banking & Finance, Oil & Gas, Estate Planning, Corporate
Status:  In Good Standing           
CONTACT
100 E Street S.W., Ardmore, OK 73402
Profile LAWPOINTS™17/100
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Daniel V. Barney

Real Estate, Traffic, Oil & Gas, Gift Taxation
Status:  In Good Standing           
CONTACT
22387 Ncr 3220, Pauls Valley, OK 73075
Profile LAWPOINTS™22/100
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LEGAL TERMS

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

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.'

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)
Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

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.

SUCCESSOR TRUSTEE

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

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.

LIFE BENEFICIARY

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

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.

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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