Lloyd was born in Duncan, Oklahoma, and raised in Marlow. He received his undergraduate degree in Accounting from Oklahoma State University and his law degree from the University of Texas School of Law.

Lloyd is a member of the Oklahoma County, Oklahoma and Texas Bar Associations. He is a Fellow in The American College of Trust and Estate Counsel and past Chairman of the Estate Planning and Probate Section of the Oklahoma Bar Association. He is also a member of the Oklahoma City Estate Planning Council, and the Christian Legal Society. He is past President of the Oklahoma City Lawyers' Tax Group, as well as a past officer and director for the Oklahoma City Estate Planning Council. Lloyd is currently serving on the Elder Law Committee for the American College of Trust and Estate Counsel and is a past Co-Chairman of the Elder Abuse Sub-Committee.

Lloyd has served as Adjunct Professor of Law in Estate Planning and Estate Administration at the Oklahoma City University School of Law and the University of Oklahoma College of Law. In addition, Lloyd served on the Board of Directors of Kirkpatrick Bank, formerly American Bank & Trust of Edmond, for seventeen years.

Prior to establishing the firm, Lloyd worked with the law firm of Crowe & Dunlevy in Oklahoma City and with the accounting firm of Peat, Marwick & Mitchell (now KPMG) in Austin, Texas.

Lloyd practices primarily in the areas of estate planning, probate, trust law, and federal and state taxation.

Lloyd is married to Karla McAlister, who is also an attorney in the firm. They have three children and attend Faith Bible Church in Edmond.

Lloyd enjoys all sports, both as a participant and observer. Lloyd cherishes the time he can find to read and enjoys family vacations and other shared educational opportunities.