Fairfax Trusts 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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Harry V. Rouse

Wills & Probate, Trusts, Estate Planning, Employment

Status: In Good Standing

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320 South Boston Avenue, Tulsa, OK 74103

William C. Anderson

Real Estate, Litigation, Election & Political, Trusts

Status: In Good Standing

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320 South Boston Avenue, Tulsa, OK 74103

J. Scott McWilliams

Bankruptcy, DUI-DWI, Estate Planning, Trusts

Status: In Good Standing

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1612 S. Cincinnati, Tulsa, OK 74119

Anne M McKinney

Estate Planning, Wills & Probate, Tax, Trusts

Status: In Good Standing

FREE CONSULTATION

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5215 East 71st Street, Tulsa, OK 74136

Kara Marisa Greuel

Wills, Wills & Probate, Trusts, Elder Law

Status: In Good Standing

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5100 East Skelly Drive, Tulsa, OK 74136

James Schaefer

Real Estate, Trusts, Family Law, Contract

Status: In Good Standing

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218 E Grand Ave, Ponca City, OK 74601

Leann Drummond Ellis

Wills & Probate, Trusts, Gift Taxation, Estate Planning

Status: In Good Standing

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711 S Husband Ave, Stillwater, OK 74074

Zachary David Hyden

Corporate, Estate Planning, Wills & Probate, Trusts

Status: In Good Standing

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2718 Cherokee Hills Dr, Bartlesville, OK 74006

Beverly K. Smith

Real Estate, Trusts, Corporate Governance, Corporate

Status: In Good Standing

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4000 One Williams Center, Tulsa, OK 74172

Allison Mcgrath Gardner

International Tax, Pension & Benefits, Reorganization, Trusts

Status: In Good Standing

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4000 One Williams Center, Tulsa, OK 74172

800-923-0641

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LEGAL TERMS

EXECUTOR

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's... (more...)

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's left, as specified in the will. The executor also handles any probate court proceedings and notifies people and organizations of the death. Also called personal representatives.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

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.

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.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

SAMPLE LEGAL CASES

In re Estate of Jackson

... in which, relying on Thomas v. Bank of Okla., NA, 1984 OK 41, 684 P.2d 553, he argued that in the September 3, 2003 order, the trial court found him to be Jackson's son and Jackson's sole surviving heir at law; that the terms of title 84, section 132 applied to trusts, as well as ...

In re Lorice T. Wallace Revocable Trust

... of the No-Contest Provisions of the Lorice T. Wallace Revocable Trust and the Lorice T. Wallace Irrevocable Trust." After a hearing the trial court found that the respondent-appellant, Mary Roma Wallace Jage, had violated the no-contest provisions included in the two trusts. ...

Welch v. Crow

... [13]. A. Title 84 OS 2001 Â§132 Does Not Apply To Revocable Inter Vivos Trusts. ... [14] The trustees respond that Â§132 applies only to wills, and not to trusts. Our recent opinion in In re Estate of Jackson, 2008 OK 83, 194 P.3d 1269, is dispositive of the question. ...

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Fairfax Trusts Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Harry V. Rouse

William C. Anderson

J. Scott McWilliams

Anne M McKinney

Kara Marisa Greuel

James Schaefer

Leann Drummond Ellis

Zachary David Hyden

Beverly K. Smith

Allison Mcgrath Gardner

TIPS

LEGAL TERMS

EXECUTOR

FINAL BENEFICIARY

TESTAMENTARY TRUST

INTESTATE

INHERIT

TRUST MERGER

ALTERNATE BENEFICIARY

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

LAPSE

SAMPLE LEGAL CASES

In re Estate of Jackson

In re Lorice T. Wallace Revocable Trust

Welch v. Crow

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