Tulsa Estate Planning Lawyer, Oklahoma, page 3

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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

Let Baker Law Tulsa, PLLC handle all your legal needs today!

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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Includes: Gift Taxation

Mark E Hardin

Wills & Probate, Estate Planning, Elder Law, Medical Malpractice

Status: In Good Standing

CONTACT

907 S Detroit Ave, Tulsa, OK 74120

Heather Flynn Earnhart

Real Estate, Litigation, Estate Planning, Family Law

Status: In Good Standing

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521 E 2Nd St, Tulsa, OK 74120

Maureen J Knudson

Dispute Resolution, Wills & Probate, Estate Planning, Elder Law

Status: In Good Standing

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1861 E 15Th St, Tulsa, OK 74104

Paul E. Swain

Adoption, Guardianships & Conservatorships, Estate Planning

Status: In Good Standing

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601 S Boulder Ave, Tulsa, OK 74119

Chad J. Kutmas

Real Estate, Estate Planning, Family Law, Bankruptcy

Status: In Good Standing

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15 East 5th Street, Tulsa, OK 74103

Sean Patrick Hennessee

Oil & Gas, Wills, Gift Taxation, Business & Trade

Status: In Good Standing

CONTACT

2200 S Utica Pl, Tulsa, OK 74114

Sam P. Daniel

Family Law, Corporate, Estate Planning, Real Estate

Status: In Good Standing

CONTACT

320 S Boston Ave, Tulsa, OK 74103

Philip S. Haney

Tax, International Tax, Estate Planning, Reorganization

Status: In Good Standing

CONTACT

1437 S Boulder Ave, Tulsa, OK 74119

W. Todd Holman

Gift Taxation, Divorce & Family Law, Corporate

Status: In Good Standing

CONTACT

525 South Main Street, Tulsa, OK 74103

Gary L. Maddux

Estate Planning, Business

Status: In Good Standing

CONTACT

525 South Main Street, Tulsa, OK 74103

800-923-0641

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LEGAL TERMS

CERTIFICATION OF TRUST

See abstract of trust.

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

PERSONAL PROPERTY

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, p... (more...)

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, patents, pets and season baseball tickets are all examples of personal property. Personal property may also be called personal effects, movable property, goods and chattel, and personalty. Compare real estate.

LETTERS TESTAMENTARY

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

FAMILY POT TRUST

See pot trust.

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

SAMPLE LEGAL CASES

In re Marriage of Murphy

... Id. Joint revocable trusts are an alternative estate planning technique which have become popular in common-law property states because they avoid probate and the need to sever jointly owned assets into separate trusts for each spouse. Id. at 346-347. ...

Edwards v. Urice

... 22 The evidence in the record establishes the following facts. Urice was not related to Bowers by blood and was not a natural object of her bounty. Prior to 1997, Bowers had never mentioned Urice in her estate planning or wanted him to be involved in her financial affairs. ...

Friedman v. Craig

... The motion included affidavits to support Appellant's defense against a fraudulent conveyance, ie, the transfer of the joint tenancy interest in Appellant's home to Craig in 2001 was an estate planning device necessitated by her heart surgery and a concurrently-executed second ...

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Tulsa Estate Planning Lawyer, Oklahoma, page 3

Sponsored Law Firm

Baker Law Tulsa, PLLC

SPONSORED LAWYERS

Mark E Hardin

Heather Flynn Earnhart

Maureen J Knudson

Paul E. Swain

Chad J. Kutmas

Sean Patrick Hennessee

Sam P. Daniel

Philip S. Haney

W. Todd Holman

Gary L. Maddux

TIPS

LEGAL TERMS

CERTIFICATION OF TRUST

TRUST DEED

HEIR AT LAW

POWER OF APPOINTMENT

PERSONAL PROPERTY

LETTERS TESTAMENTARY

SPECIFIC BEQUEST

FAMILY POT TRUST

STATUTORY SHARE

SAMPLE LEGAL CASES

In re Marriage of Murphy

Edwards v. Urice

Friedman v. Craig

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