Altus 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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Rebecca Nicole Beason

Divorce & Family Law, Criminal, Estate, Business

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108 West Broadway, Altus, OK 73521

Mark T. Coke

Real Estate, Trusts, Estate, Corporate, Banking & Finance

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Kelli Rae Woodson

Trusts, Family Law, Insurance, Corporate

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Robert A McMahan

Estate Planning, Products Liability, Personal Injury, Medical Malpractice, Car Accident

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Michael Todd Beason

Juvenile Law, Administrative Law, Family Law, Wills

Status: In Good Standing Licensed: 2 Years

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Rick Keithton Vernon

Lending, Corporate, Trusts, Commercial Real Estate

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903 Falcon Rd, Altus, OK 73521

Sommer Kendall Robbins

Insurance, Adoption, Immigration, Estate Planning

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101 N Main St, Altus, OK 73522

Phillip Lynn Nelson

Adoption, Elder Law, Insurance, Bankruptcy & Debt

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1000 N Main Street, Altus, OK 73522

Rana Wycoff Womack

Workers' Compensation, Adoption, Bankruptcy & Debt, Contract, Bankruptcy

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Altus, OK 73522

Grant Kincannon

Wrongful Death, Personal Injury, Medical Malpractice, Car Accident

Status: In Good Standing

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1000 N. Main St., Altus, OK 73521

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LEGAL TERMS

GRANT DEED

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as descri... (more...)

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as described in the deed. This is the most commonly used type of deed. Compare quitclaim deed.

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

MARITAL LIFE ESTATE TRUST

See AB trust.

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.

INTESTATE SUCCESSION

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest s... (more...)

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest surviving relatives. In most states, the surviving spouse, children, parents, siblings, nieces and nephews, and next of kin inherit, in that order.

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Altus Estate Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Rebecca Nicole Beason

Mark T. Coke

Kelli Rae Woodson

Robert A McMahan

Michael Todd Beason

Rick Keithton Vernon

Sommer Kendall Robbins

Phillip Lynn Nelson

Rana Wycoff Womack

Grant Kincannon

TIPS

LEGAL TERMS

GRANT DEED

PROPERTY CONTROL TRUST

HEIR APPARENT

GENERATION-SKIPPING TRANSFER TAX

DISCHARGE (OF PROBATE ADMINISTRATOR)

CONTINGENT BENEFICIARY

MARITAL LIFE ESTATE TRUST

RULE AGAINST PERPETUITIES

INTESTATE SUCCESSION

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