Tulsa Estate Planning Lawyer, Oklahoma, page 7

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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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Includes: Gift Taxation

S. Gale Allison

Trusts, Estate Planning, Elder Law

Status: In Good Standing Licensed: 48 Years

CONTACT

Tulsa, OK 74170

Richard Royce Stutsman

Oil & Gas, Gift Taxation, Commercial Real Estate, Tax

Status: In Good Standing

CONTACT

1861 E 15Th St, Tulsa, OK 74104

Jonathan Zachary Birdsong

Gift Taxation, Contract, Tax

Status: In Good Standing

CONTACT

2021 S Lewis, Tulsa, OK 74104

Steven Philip Flowers

Corporate, Elder Law, Estate Planning, Guardianships & Conservatorships

Status: In Good Standing

CONTACT

2727 E 21St St, Tulsa, OK 74114

Thomas Michael Affeldt

Traffic, Gift Taxation, Divorce, Slip & Fall Accident

Status: In Good Standing

CONTACT

1836 S Baltimore Ave, Tulsa, OK 74119

Joyce

Constitutional Law, Litigation, Reorganization, Estate Planning

Status: In Good Standing Licensed: 36 Years

CONTACT

515 S Main St, Tulsa, OK 74103

Byron E Brown

Oil & Gas, Elder Law, Gift Taxation, Tax

Status: In Good Standing

CONTACT

Tulsa, OK 74152

Tiffany Brooke Johnson

Elder Law, Gift Taxation, Guardianships & Conservatorships, Estate Planning

Status: In Good Standing

CONTACT

714 S Allegheny Ave, Tulsa, OK 74112

Clive Seymour

Tax, International, Gift Taxation, Employee Rights

Status: In Good Standing Licensed: 46 Years

CONTACT

9825 S Vandalia Ave, Tulsa, OK 74137

Patrick Reed Greene

Real Estate, Corporate, Contract, Estate Planning

Status: In Good Standing

CONTACT

4309 E 53Rd Street, Tulsa, OK 74135

800-923-0641

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LEGAL TERMS

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.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

TITLE COMPANY

A company that issues title insurance.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

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.

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).

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.'

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

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 7

Sponsored Law Firm

Baker Law Tulsa, PLLC

SPONSORED LAWYERS

S. Gale Allison

Richard Royce Stutsman

Jonathan Zachary Birdsong

Steven Philip Flowers

Thomas Michael Affeldt

Joyce

Byron E Brown

Tiffany Brooke Johnson

Clive Seymour

Patrick Reed Greene

TIPS

LEGAL TERMS

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

TRUSTEE

TITLE COMPANY

ACCUMULATION TRUST

SUMMARY PROBATE

LETTERS TESTAMENTARY

GRANTOR RETAINED INCOME TRUST

BEQUEATH

INHERIT

SAMPLE LEGAL CASES

In re Marriage of Murphy

Edwards v. Urice

Friedman v. Craig

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