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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

Erin Jay Lanway

Estate

Status: In Good Standing

CONTACT

Grove, OK 74345

Carolyn A. Shuey

Estate Planning, Gift Taxation, Tax

Status: In Good Standing

CONTACT

31740 S 604 Rd, Grove, OK 74344

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

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

800-923-0641

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LEGAL TERMS

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property 'per stirpes,' Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

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.

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.

LIFE BENEFICIARY

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

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Jay Estate Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Kim Ellis Ritchie

R. Scott Williams

Shawn Scott Taylor

Erin Jay Lanway

Carolyn A. Shuey

Sofia Goodin

Mark William Curnutte

Ben Sherrer

Jeffrey Brian Kent

Jerrold R. Dennis

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LEGAL TERMS

CHARITABLE TRUST

INVENTORY

TRUST DEED

WARRANTY DEED

REMAINDERMAN

PER STIRPES

ACCUMULATION TRUST

INHERITANCE TAXES

LIFE BENEFICIARY

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