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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
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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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Tina Ann Hall

Social Security -- Disability, Family Law, Wills & Probate, Workers' Compensation

Status: In Good Standing

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1705 S. Van Buren Street, Enid, OK 73703

Ray Wall

Mediation, Wills & Probate

Status: In Good Standing

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3223 Live Oak Ln, Stillwater, OK 74075

Gary L. Brown

Gift Taxation, Divorce, Child Custody, Personal Injury

Status: In Good Standing

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201 N Grand, Enid, OK 73701

Amber Mclaughlin Gill

Wills, Trusts, Family Law, Adoption

Status: In Good Standing

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Enid, OK 73702

Brandee R. Hancock

Elder Law, Gift Taxation, Trusts, Tax

Status: In Good Standing

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601 N Willis Street, Stillwater, OK 74078

Derrick Dale Davies

Oil & Gas, Gift Taxation, Tax

Status: In Good Standing

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3106 Cypress Mill St, Stillwater, OK 74074

Leann Drummond Ellis

Wills & Probate, Trusts, Gift Taxation, Estate Planning

Status: In Good Standing

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711 S Husband Ave, Stillwater, OK 74074

Jared Harrison

International Tax, Wills & Probate, Estate Planning, Business

Status: In Good Standing

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205 West 7Th Avenue, Stillwater, OK 74074

Leann Drummond Ellis

Gift Taxation, Estate Planning, Business, Property Damage

Status: In Good Standing

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711 S Husband Ave, Stillwater, OK 74074

Karig P. Culver

Corporate, Oil & Gas, Estate Planning, Real Estate

Status: In Good Standing

CONTACT

323 West Broadway, Enid, OK 73702

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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.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

FAMILY POT TRUST

See pot trust.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

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.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

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.

ENTITY

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from i... (more...)

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

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Lucien Estate Lawyer, Oklahoma

Sponsored Law Firm

Baker Law Tulsa, PLLC

SPONSORED LAWYERS

Tina Ann Hall

Ray Wall

Gary L. Brown

Amber Mclaughlin Gill

Brandee R. Hancock

Derrick Dale Davies

Leann Drummond Ellis

Jared Harrison

Leann Drummond Ellis

Karig P. Culver

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LEGAL TERMS

GENERATION-SKIPPING TRUST

INTER VIVOS TRUST

TRUST MERGER

FAMILY POT TRUST

RESIDUARY ESTATE

DISTRIBUTEE

GRANTOR RETAINED INCOME TRUST

ALTERNATE BENEFICIARY

ENTITY

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