Colbert 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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Stephen R. Taylor

Estate Planning, Family Law, Civil Rights, Criminal

Status: In Good Standing Licensed: 24 Years

CONTACT

119 N 3Rd Ave, Durant, OK 74701

Jeffrey Scott Clark

Estate, Family Law, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing

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125 North Third, Durant, OK 74701

Thomas Owen Criswell

Dispute Resolution, Adoption, Estate Planning, Guardianships & Conservatorships

Status: In Good Standing

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Durant, OK 74702

Heather Jane Russell

Social Security, Elder Law, Adoption, Gift Taxation

Status: In Good Standing

CONTACT

100 Plaza, Madill, OK 73446

Makayla Shane Coppedge

Commercial Real Estate, Wills & Probate, Family Law, Personal Injury

Status: In Good Standing

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225 W Main St, Tishomingo, OK 73460

Michael J. Hester

Estate Planning, Civil Rights, Accident & Injury

Status: In Good Standing

CONTACT

Overbrook, OK 73453

Julie J. Austin

Lawsuit & Dispute, Oil & Gas, Wills & Probate, Divorce & Family Law

Status: In Good Standing

CONTACT

18 S Washington St, Ardmore, OK 73401

Lorenzo Thurmond Collins

Estate, Adoption, Elder Law

Status: In Good Standing

CONTACT

16 Stanley Street Sw, Ardmore, OK 73402

Thomas Keith Baldwin

Oil & Gas, Lending, Estate

Status: In Good Standing

CONTACT

20 B Street SW, Ardmore, OK 73401

Donald J. Chaffin

Oil & Gas, Litigation, Estate Planning, Environmental Law

Status: In Good Standing

CONTACT

100 E Street S.W., Ardmore, OK 73402

800-923-0641

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LEGAL TERMS

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

KINDRED

Under some state's probate codes, all relatives of a deceased person.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

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.

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

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Colbert Estate Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Stephen R. Taylor

Jeffrey Scott Clark

Thomas Owen Criswell

Heather Jane Russell

Makayla Shane Coppedge

Michael J. Hester

Julie J. Austin

Lorenzo Thurmond Collins

Thomas Keith Baldwin

Donald J. Chaffin

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LEGAL TERMS

GENERATION-SKIPPING TRUST

KINDRED

GROSS ESTATE

TRUSTEE

STATUTORY SHARE

TRUST MERGER

TRUSTEE POWERS

INHERITANCE TAXES

ENDOWMENT INSURANCE

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