Oklahoma

  Estate Planning.
HOME ABOUT US FAQ'S RESOURCES CONTACT US FREE CASE REVIEW
August 24, 2010
Estate-Planning
             
 
Selecting a financial planner for your financing is a very important decision. Please enter your information below to locate a qualified financial planner in your area
 
Zip Code:   
 

Estate Planning News

 

 

Governor Appoints Split Estates Task Force

CHEYENNE, Wyo. - Gov. Dave Freudenthal today announced his five appointments to the newly created Split Estate Task Force. The task force is charged with studying issues and drafting legislation with respect to estates in which the mineral rights and surface rights are held by different parties.

Created by a budget footnote in the last legislative session, the task force comprises 11 members, including three representatives and three senators from the Wyoming Legislature. The governor appoints the remaining five members according to qualifications spelled out in the footnote.

Two must be owners of a surface estate over leased oil or gas minerals, at least one of whom does not also own the mineral rights to the property. One must own the private mineral interests of a split estate and two must represent oil or gas producers operating in Wyoming. The task force will be staffed by the Legislative Service Office.

“Given the inherent complexity and controversy surrounding split estates, these 11 people have an undeniably difficult job ahead of them,” Freudenthal said. “However, I am fortunate to have been able to select very qualified individuals within the framework established by the Legislature.”

The task force includes:

-Frankie Addington of Douglas, representing a landowner occupying a surface estate without ownership of the leased oil and gas mineral rights;

-Jerry Barnes of Denver, representing an oil and gas producer operating in Wyoming;

-J.J. Healy of Teton Village, representing a landowner occupying a surface estate over leased oil and gas mineral rights;

-Rick Robitaille of Casper, representing an oil and gas producer operating in Wyoming;

-Nancy Sorenson of Arvada, representing an owner of private mineral interest not connected to the surface estate;

-Sen. Ken Decaria, D-Evanston, a member of the Joint Judiciary Committee;

-Sen. Bill Hawks, R-Casper, co-chair of the Joint Minerals, Business and Economic Development Committee;

-Rep. Saundra Meyer, D-Evanston, a member of the Joint Minerals, Business and Economic Development Committee;

-Rep. Mark Semlek, R-Moorcroft, a member of the Joint Agriculture, Public Lands and Water Resources Committee;

-Rep. Colin Simpson, R-Cody, co-chair of the Joint Judiciary Committee; and

-Sen. C.L. “Chuck” Townsend, R-Osage, a member of the Joint Agriculture, Public Lands and Water Resources Committee.

Contact our Oklahoma estate planning attorney now.

 
Did You Know?    
 
 
The costs and expenses of a conservatorship are paid by your estate
A CONSERVATORSHIP is if you suffer from an incurable disease or are involved in a debilitating accident and are unable to manage your own affairs, state law might require someone to go to court to have a conservator appointed by the court. The conservator is given the authority to make financial decisions and handle your financial affairs, under court supervision, when you lack the capacity to manage them on your own.

 


  Newsroom  
 


Latest news about Financial & Estate Planning in Oklahoma and nationwide:

Living-Wills Legislation Gains Broad Support
WASHINGTON - There's growing support among Democrats and Republicans in Congress, and key advocacy groups, including the AMA, to pass legislation t...
Read more >


Economic Benefits Of Estate Tax Repeal Should Be Made Permanent
WASHINGTON, D.C. - The positive effects of repealing the estate tax should be made permanent, Vice Chairman Jim Saxton said today in releasing a ne...
Read more >


Death Tax Laws Once A Death Occurs
Income Tax: Even after death, federal income taxes are still due by the April 15 deadline, just as they would be if the person was alive. If t...
Read more >


More Estate Planning News >

 
 

Estate Planning Terms

 


Today's Terms

Family Limited Partnership

Definition:
A legal partnership agreement between members of a family for the management and control of property for the benefit of family members. Sometimes used to minimize transfer taxes.

Federal Estate Taxes

Definition:
Taxes imposed by the US Government on the value of a person's estate upon his or her death.

Interlineation

Definition:
Something written in-between; often a change to a typed document that is made by crossing out words and entering in replacement words. Never change an executed will or trust by interlineation.

More Estate Planning Terms >

 

Estate Planning Resources

 


Search Estate Planning resources in our resource center:

More Resources >

Estate Planning Hot Topics

 
Topics Related to Estate Planning:

  • Trusts
  • Wills
  • Uniform Probate Code
  • Gift Tax

More Estate Planning Topics >

Oklahoma Estate-Planning Attorney

 
If you live in the following cities and need an Estate-Planning attorney you should contact our Estate-Planning Attorney as soon as possible:

  • Ada
  • Altus
  • Ardmore
  • Bartlesville
  • Bethany
  • Broken Arrow
  • Chickasha
  • Choctaw
  • Claremore
  • Collinsville
  • Duncan
  • Durant
  • Edmond
  • El Reno
  • Enid
  • Guthrie
  • Lawton
  • Mcalester
  • Miami
  • Muskogee
  • Mustang
  • Norman
  • Oklahoma City
  • Okmulgee
  • Owasso
  • Ponca City
  • Sand Springs
  • Sapulpa
  • Shawnee
  • Stillwater
  • Tahlequah
  • Tulsa
  • Yukon
 


Legal Disclaimers
All attorney listings are a paid attorney advertisement, and do not in any way constitute a referral or endorsement by an approved or authorized lawyer referral service. The information provided on Oklahoma Estate Planning.com is not intended to be legal advice, but merely conveys general information related to legal issues commonly encountered. Your access to and use of this website is subject to additional Terms and Conditions.

Local Professional? Generate new business today
Call 866-227-9356 or contact a sales rep


This site is part of the LawFirms.com Network
©2010 ExpertHub, wholly owned subsidiary of MoxyMedia, Inc.