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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
A Law Firm That Cares

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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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E. Ray Harris

Wills, Tax

Status: In Good Standing

CONTACT

1800 Se Hampden Rd, Bartlesville, OK 74006

Rick D. Tucker

Estate, Oil & Gas, Transactions, Real Estate, State Appellate Practice

Status: In Good Standing

CONTACT

117 W. 5Th Street, Bartlesville, OK 74005

Zachary David Hyden

Corporate, Estate Planning, Wills & Probate, Trusts

Status: In Good Standing

CONTACT

2718 Cherokee Hills Dr, Bartlesville, OK 74006

Glenna Dorris

Elder Law, Family Law, Wills

Status: In Good Standing

CONTACT

3851 Tuxedo Blvd, Bartlesville, OK 74006

Glenna S. Dorris

Elder Law, Family Law, Wills

Status: In Good Standing

CONTACT

3851 Tuxedo Blvd, Bartlesville, OK 74006

Amy Kay Hart

Insurance, Workers' Compensation, Social Security, Gift Taxation, Mass Torts

Status: In Good Standing

CONTACT

Bartlesville, OK 74006

Valerie Leigh Dye

Divorce, Elder Law, Family Law, Wills & Probate

Status: In Good Standing

CONTACT

512 West Rogers Boulevard, Skiatook, OK 74070

Perry Wayne Newman

Bankruptcy & Debt, Criminal, Divorce & Family Law, Estate

Status: In Good Standing Licensed: 34 Years

CONTACT

8555 North 117th East Avenue, Owasso, OK 74055

Forrest Benjamin Hess

Mediation, Civil Rights, Divorce, Estate Planning

Status: In Good Standing

CONTACT

8283 Owasso Expressway, Owasso, OK 74055

Mark William Espenshade

Wills, Trusts, Family Law, Criminal

Status: In Good Standing Licensed: 21 Years

CONTACT

10408 E 93Rd Pl N, Owasso, OK 74055

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LEGAL TERMS

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.

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary 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).

ESTATE PLANNING

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your... (more...)

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your estate may involve making a will, living trust, healthcare directives, durable power of attorney for finances or other documents.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

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.

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to o... (more...)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to or taken from a worker provides some protection for workers in the event certain types of pension plans cannot pay the benefits to which workers are entitled, and requires that employers provide full and clear information about employees' pension rights, including the way pension benefits accumulate, how the company invests pension funds, and when and how pension benefits can be collected.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

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Ramona Estate Lawyer, Oklahoma

Sponsored Law Firm

Baker Law Tulsa, PLLC

SPONSORED LAWYERS

E. Ray Harris

Rick D. Tucker

Zachary David Hyden

Glenna Dorris

Glenna S. Dorris

Amy Kay Hart

Valerie Leigh Dye

Perry Wayne Newman

Forrest Benjamin Hess

Mark William Espenshade

TIPS

LEGAL TERMS

SPENDTHRIFT TRUST

IN TERROREM

RESIDUARY BENEFICIARY

GRANTOR RETAINED INCOME TRUST

ESTATE PLANNING

TRUST CORPUS

PROBATE

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

ESTATE TAXES

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