Guthrie Estate Lawyer, Oklahoma, page 2

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Melissa Carol Haddock

Adoption, Federal Appellate Practice, Divorce, Estate Planning
Status:  In Good Standing           

Darian B. Andersen

Real Estate, Wills & Probate, Trusts, Corporate
Status:  In Good Standing           Licensed:  47 Years

A. Daniel Woska

Bankruptcy & Debt, Estate, Wills, Trusts
Status:  In Good Standing           

Kathy Eileen Wallis

Estate, Wills & Probate
Status:  In Good Standing           

Christin Vallee Mugg Adkins

International, Wills, Gift Taxation, Estate
Status:  In Good Standing           Licensed:  12 Years

Sally Wright Cohea

Gift Taxation, Tax
Status:  In Good Standing           

Karla Mcalister

Estate Planning, Trusts, Estate, Estate Administration
Status:  In Good Standing           

Jonathan B. Austin

Corporate, Reorganization, Trusts, Landlord-Tenant
Status:  In Good Standing           

Arthur Kyle Swisher

Gift Taxation, Tax
Status:  In Good Standing           

Charles Andrew Adams

Estate, Real Estate, Oil & Gas
Status:  In Good Standing           

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Lawyer.com can help you easily and quickly find Guthrie Estate Lawyers and Guthrie Estate Law Firms. Refine your search by specific Estate practice areas such as Estate Planning, Trusts, Wills & Probate and Power of Attorney matters.

LEGAL TERMS

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)
The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)
All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

EXECUTOR

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's... (more...)
The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's left, as specified in the will. The executor also handles any probate court proceedings and notifies people and organizations of the death. Also called personal representatives.

SUCCESSOR TRUSTEE

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

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

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.

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.

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

DEED OF TRUST

See trust deed.