Twin Oaks Estate Lawyer, Oklahoma

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R. Scott Williams

Business Organization, Family Law, Eminent Domain, Wills & Probate
Status:  In Good Standing           

Kim Ellis Ritchie

Family Law, Wills & Probate, Corporate, Workers' Compensation
Status:  In Good Standing           

Shawn Scott Taylor

Real Estate, Election & Political, Estate Planning, Family Law
Status:  In Good Standing           

Sylvia McCormick Spilman

Estate, Business, Power of Attorney, Divorce & Family Law, Criminal
Status:  In Good Standing           

Ryan Matthew Roberts

Workers' Compensation, Trusts, Criminal, Commercial Real Estate
Status:  In Good Standing           

John H. Cary

Elder Law, Trusts, Guardianships & Conservatorships, Estate Planning
Status:  In Good Standing           

James D. Folsom

Elder Law, Contract, Trusts, Commercial Real Estate
Status:  In Good Standing           

James D. Folsom

Elder Law, Contract, Trusts, Commercial Real Estate
Status:  In Good Standing           

Theresa Lynn Evans

Administrative Law, Social Security, Guardianships & Conservatorships, Estate
Status:  In Good Standing           

Patrick George Guinn

Estate, Adoption, Indians & Native Populations, Bankruptcy & Debt
Status:  In Good Standing           

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Lawyer.com can help you easily and quickly find Twin Oaks Estate Lawyers and Twin Oaks 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

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)
The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

TAKING AGAINST THE WILL

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property.... (more...)
A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property. The surviving spouse can take that share instead of accepting whatever he or she inherited through the deceased spouse's will. If the surviving spouse decides to take the statutory share, it's called 'taking against the will.' Dower and curtesy is another name for the same legal process.

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.

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.

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)
A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

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.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

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.