Ellis & Drummond

Attorneys and Counselors at Law

711 S. Husband

Stillwater, OK 74074

Phone: (405) 743-3770

Fax: (405) 743-3773

 

About Our Firm

Attorney Biographies

Introduction to Estate Planning

Contact Us

 

About Our Firm:

Ellis & Drummond, located in Stillwater, Oklahoma, provides legal services to clients from across Oklahoma as well as numerous other states.  Our firm practices primarily in the following areas:

  • Exempt Organizations, including tax-exempt financing
  • Business and Tax Planning for special projects, such as sales or business mergers under state law
  • Estates and Trusts
  • Estate and Gift Tax Planning, including return preparation
  • Probates
  • Tax Deferred Exchanges Under Section 1031 of the Internal Revenue Code
  • Organization and Formation of Corporations, Limited Liability Companies, and Partnerships

 

Attorney Biographies:

 

HAL WM. ELLIS practices in the areas of business organizations, tax-exempt organizations, trusts and probate, estate and tax planning and tax deferred exchanges.  Mr. Ellis received his B.B.A. (concentration in Accounting) and M.B.A. degrees from the University of Central Oklahoma and his J.D. degree from the University of Oklahoma.  He is a former member of the Professional Responsibility Tribunal, State of Oklahoma (1981-88).  Mr. Ellis is a former member of the Court on the Oklahoma Judiciary, Appellate Division and a current member of the Payne County (President, 1986), Oklahoma and American Bar Associations; he was a member of the Board of Governors of the Oklahoma Bar Association from 1993-1995; he is also a Fellow of the American Bar Foundation and Trustee for and President-elect of the Oklahoma Bar Foundation. Mr. Ellis is a Fellow of the American College of Trust and Estate Counsel where he serves as the State Chair of Oklahoma.

 

LEANN P. DRUMMOND practices in the areas of business organizations, tax-exempt organizations, trusts and probate, estate and tax planning, and tax deferred exchanges.  Mrs. Drummond received her B.S. degree from Oklahoma State University (Accounting) with honors, and her J.D. degree from the University of Oklahoma, Order of the Coif.   She is a former staff attorney for the Internal Revenue Service District Office, Oklahoma City, Oklahoma, and Special Assistant in the U.S. Attorney’s Office Western District of Oklahoma.  She is a member of the Payne County Bar Association Oklahoma Bar Association where she serves as the Treasurer of the Estate Planning, Probate and Trust Section.  LeAnn also was a former President of the Stillwater Public Education Foundation.

 

Introduction to Estate Planning:

The following links are designed to acquaint you with some of the basic concepts associated with Estate Planning.  The material should familiarize you with some of the basic steps involved in estate planning.  The material presented is for informational purposes only and is not meant to constitute legal advice.  A goal of estate planning is to assist a person in transferring his or her assets to designated beneficiaries with the smallest reduction for probate cost and taxes.  An estate planner, however, balances this goal with the desires of the owner to retain the greatest benefits from property during the owner’s lifetime.  Estate planning involves planning for your future and the future of those persons and institutions you desire to benefit with transfers and gifts from your estate.  It is not simply a series of devices for saving taxes or a series of standard documents.  Estate planning involves analyzing your present and future financial needs, recognizing your limitations and strengths concerning earning power, providing for those who are dependent on you, defining your current financial status and determining a well-organized method of transferring your estate.  Essentially, estate planning is the transfer of assets in accordance with an individual’s desires, goals, and objectives.

 

 

Fundamental Concepts

Gift and Estate Tax Basics

Trusts

Wills

Durable Power of Attorney

Advance Directive for Health Care

Charitable Gifting – An Overview

Gifting Strategies to Minors

Estate Administration

Common Forms of Property Ownership

 

Introduction to Other Services:

Tax Deferred Exchanges

 

 

Contact Information:

Ellis & Drummond

711 S. Husband

Stillwater, OK 74074

Phone: (405) 743-3770

Fax: (405) 743-3773

Email (Hal Wm. Ellis):  hwellis@ellisanddrummond.com

Email (LeAnn Drummond): lpdrum@ellisanddrummond.com