Adair Estate Lawyer, Oklahoma

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Monty Pritchett
About | Practice Areas
Pritchett Law Group
126 West Needles Avenue Bixby, OK 74008» view map
Estate Law
A Focus On Results

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918-509-3891
1. Monty Pritchett Bixby, OK
  Attorney at Law, OK
  University of Oklahoma College of Law, J.D.
2. AboutPritchett Law Group
  A Focus On Results
3. Practice AreasExpertise
  Estate Law
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Kim Ellis Ritchie

Family Law, Wills & Probate, Corporate, Workers' Compensation

Status: In Good Standing

CONTACT

2 South Adair Street, Pryor, OK 74361

R. Scott Williams

Business Organization, Family Law, Eminent Domain, Wills & Probate

Status: In Good Standing

CONTACT

2 South Adair Street, Pryor, OK 74361

Shawn Scott Taylor

Real Estate, Election & Political, Estate Planning, Family Law

Status: In Good Standing

CONTACT

2 South Adair Street, Pryor, OK 74361

Ben Sherrer

Estate Planning, Divorce, DUI-DWI, Personal Injury

Status: In Good Standing

CONTACT

3 N. Adair, Pryor, OK 74361

Jeffrey Brian Kent

Social Security, Gift Taxation, Criminal, Bankruptcy & Debt, Estate

Status: In Good Standing

CONTACT

306 N Orphan St, Pryor, OK 74361

Jerrold R. Dennis

Wills & Probate, Business, Estate Planning

Status: In Good Standing

CONTACT

108 N. Adair Street, Pryor, OK 74361

Sofia Goodin

Estate Planning, Divorce, Adoption, Criminal

Status: In Good Standing

CONTACT

Vinita, OK 74301

Mark William Curnutte

Gift Taxation, Estate, Elder Law, Corporate

Status: In Good Standing

CONTACT

Vinita, OK 74301

Kassie N. Mccoy

Health Care Other, Eminent Domain, Personal Injury, Estate

Status: In Good Standing

CONTACT

400 West Fourth Street, Claremore, OK 74018

C. Eric Pfanstiel

Construction, Occupational Safety & Health, Litigation, Trusts

Status: In Good Standing

CONTACT

400 West Fourth Street, Claremore, OK 74018

800-923-0641

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LEGAL TERMS

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

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.

FAMILY POT TRUST

See pot 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.

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.

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.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

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.

Adair Estate Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Kim Ellis Ritchie

R. Scott Williams

Shawn Scott Taylor

Ben Sherrer

Jeffrey Brian Kent

Jerrold R. Dennis

Sofia Goodin

Mark William Curnutte

Kassie N. Mccoy

C. Eric Pfanstiel

TIPS

LEGAL TERMS

RULE AGAINST PERPETUITIES

TRUSTEE

FAMILY POT TRUST

SUMMARY PROBATE

ACCUMULATION TRUST

TAKING AGAINST THE WILL

SPRINKLING TRUST

EXEMPTION TRUST

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