Albert Estate Lawyer, Oklahoma, page 2

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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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Donald Paul Ferguson

Personal Injury, Elder Law, Commercial Real Estate, Wills

Status: In Good Standing

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415 S 7Th St, Chickasha, OK 73018

James Carter Bass

Corporate, Contract, Elder Law, Estate Planning

Status: In Good Standing

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El Reno, OK 73036

Patrick T. Cornell

Wills & Probate, Estate Planning, Corporate, Banking & Finance

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117 N. 5Th, Clinton, OK 73601

Carissa Cae King

Wills & Probate, Estate Planning, Trusts, Gift Taxation

Status: In Good Standing

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814 Frisco Avenue, Clinton, OK 73601

Khristan K. Strubhar

Divorce & Family Law, Adoption, Wills & Probate

Status: In Good Standing

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403 West Vandament Avenue, Yukon, OK 73099

Margarett Laverna Prestidge

Real Estate, Estate, Oil & Gas, Wills & Probate, Foreclosure

Status: In Good Standing Licensed: 22 Years

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520 Pointe Parkway Blvd., Yukon, OK 73099

Jennifer Nicole Thomason

Estate Planning, Trusts, Wills, Civil & Human Rights

Status: In Good Standing

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115 E. Vandament, Yukon, OK 73099

Matthew Lynn Wheatley

Accident & Injury, Estate, Lawsuit & Dispute, Employment

Status: In Good Standing

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Yukon, OK 73085

Steven A. Barker

Bankruptcy, Divorce, Estate Planning, State Appellate Practice

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508 W. Vandament, Yukon, OK 73099

Fenton R. Ramey

Estate, Wrongful Termination, Criminal, Credit & Debt

Status: In Good Standing

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5 South Fifth, Yukon, OK 73085

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LEGAL TERMS

TESTAMENTARY TRUST

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

CURATOR

See conservator.

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

CERTIFICATION OF TRUST

See abstract of trust.

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.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

Albert Estate Lawyer, Oklahoma, page 2

Sponsored Law Firm

Baker Law Tulsa, PLLC

SPONSORED LAWYERS

Donald Paul Ferguson

James Carter Bass

Patrick T. Cornell

Carissa Cae King

Khristan K. Strubhar

Margarett Laverna Prestidge

Jennifer Nicole Thomason

Matthew Lynn Wheatley

Steven A. Barker

Fenton R. Ramey

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LEGAL TERMS

TESTAMENTARY TRUST

CURATOR

QTIP TRUST

EXEMPTION TRUST

RULE AGAINST PERPETUITIES

CERTIFICATION OF TRUST

GENERATION-SKIPPING TRANSFER TAX

TRUSTEE POWERS

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