Bethel Acres 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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Shelley Lynne Levisay

Lawsuit & Dispute, Estate, Divorce & Family Law, Criminal

Status: In Good Standing

CONTACT

318 N. Broadway, Shawnee, OK 74801

William Kevin Lewis

Estate, Family Law

Status: In Good Standing

CONTACT

316 N Broadway Ave, Shawnee, OK 74801

James Ernest Palinkas

Insurance, Bankruptcy, Adoption, Gift Taxation

Status: In Good Standing

CONTACT

320 N Broadway Ave, Shawnee, OK 74801

Robert Samuel Duran (Rob)

Dispute Resolution, Oil & Gas, Wills & Probate, Securities

Status: In Good Standing Licensed: 23 Years

CONTACT

128 N. Broadway, Shawnee, OK 74802

Dale Vance Beard

Elder Law, Gift Taxation, Tax

Status: In Good Standing

CONTACT

Shawnee, OK 74802

James Rudolf Marshall

Commercial Real Estate, Trusts, Estate Planning, Guardianships & Conservatorships

Status: In Good Standing

CONTACT

Shawnee, OK 74802

John Larth Kienzle

Accident & Injury, Criminal, Divorce & Family Law, Estate, Disability

Status: In Good Standing

CONTACT

2207 N Kickapoo Ave, Shawnee, OK 74804

Stacy Sue Bateman

Adoption, Federal Appellate Practice, Trusts, Guardianships & Conservatorships

Status: In Good Standing

CONTACT

Tecumseh, OK 74873

Stacy S. Bateman-Woods

General Practice

Status: In Good Standing

CONTACT

Tecumseh, OK 74873

Mathew Lee Thomas

Commercial Real Estate, Wills, Family Law, Administrative Law

Status: In Good Standing Licensed: 20 Years

CONTACT

411 E Main St, Shawnee, OK 74801

800-923-0641

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LEGAL TERMS

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a beneficiary.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

ENTITY

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from i... (more...)

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

PROBATE COURT

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate cour... (more...)

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate court' in New York and several other states, this court normally examines the authenticity of a will -- or if a person dies intestate, figures out who receives her property under state law. It then oversees a procedure to pay the deceased person's debts and to distribute her assets to the proper inheritors. See probate.

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

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.

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Bethel Acres Estate Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Shelley Lynne Levisay

William Kevin Lewis

James Ernest Palinkas

Robert Samuel Duran (Rob)

Dale Vance Beard

James Rudolf Marshall

John Larth Kienzle

Stacy Sue Bateman

Stacy S. Bateman-Woods

Mathew Lee Thomas

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LEGAL TERMS

GRANTOR RETAINED INCOME TRUST

INHERIT

NONPROBATE

DISTRIBUTEE

LIFE BENEFICIARY

ENTITY

PROBATE COURT

PRETERMITTED HEIR

EXEMPTION TRUST

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