Collinsville 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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James C. Milton

Litigation, Trusts, Estate, Guardianships & Conservatorships, Contract

Status: In Good Standing

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320 S. Boston Ave., Tulsa, OK 74103

Bryan J. Nowlin

Real Estate, Lawsuit & Dispute, Estate, Divorce & Family Law

Status: In Good Standing

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320 South Boston Avenue, Tulsa, OK 74103

Rohit Sharma

Securities, Corporate, Wills, Contract

Status: In Good Standing

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403 S. Cheyenne Avenue, # 1200, Tulsa, OK 74103

Kassandra M. Bentley

Business Organization, Wills & Probate, Corporate, Contract

Status: In Good Standing

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320 South Boston Avenue, Tulsa, OK 74103

Owen T. Evans

Divorce & Family Law, Mediation, Labor Law, Wills & Probate

Status: In Good Standing

FREE CONSULTATION

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P.O. Box 35925, Tulsa, OK 74153

J. Scott McWilliams

Bankruptcy, DUI-DWI, Estate Planning, Trusts

Status: In Good Standing

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1612 S. Cincinnati, Tulsa, OK 74119

Guy A. Fortney

Mass Torts, Litigation, Estate Planning, Family Law, Medical Malpractice

Status: In Good Standing

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2617 E 21st St, Tulsa, OK 74114

Montgomery L. Lair

Litigation, Estate Planning, Family Law, Criminal

Status: In Good Standing

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2617 E 21st St, Tulsa, OK 74114

Amanda Kay Smallwood

Family Law, Workers' Compensation, Estate Planning, Child Support

Status: In Good Standing

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601 S. Boulder Avenue, Tulsa, OK 74119

H. Gregory Maddux

Business Organization, Family Law, Estate Planning, Real Estate

Status: In Good Standing

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2642 E. 21 Street, Tulsa, OK 74114

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LEGAL TERMS

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

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.

DEED OF TRUST

See trust deed.

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.'

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.

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

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.

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Collinsville Estate Lawyer, Oklahoma, page 2

Sponsored Law Firm

Baker Law Tulsa, PLLC

SPONSORED LAWYERS

James C. Milton

Bryan J. Nowlin

Rohit Sharma

Kassandra M. Bentley

Owen T. Evans

J. Scott McWilliams

Guy A. Fortney

Montgomery L. Lair

Amanda Kay Smallwood

H. Gregory Maddux

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LEGAL TERMS

GENERATION-SKIPPING TRUST

ABSTRACT OF TRUST

BYPASS TRUST

MINERAL RIGHTS

DEED OF TRUST

LIVING TRUST

QTIP TRUST

INVESTOR

ALTERNATE BENEFICIARY

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