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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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Tina Ann Hall

Social Security -- Disability, Family Law, Wills & Probate, Workers' Compensation

Status: In Good Standing

FREE CONSULTATION

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1705 S. Van Buren Street, Enid, OK 73703

Braden C. Land

Federal Trial Practice, Estate Planning, Divorce, Guardianships & Conservatorships

Status: In Good Standing

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3517 W. Owen K. Garnott, Enid, OK 73703

Michael Craig Riffel

Bankruptcy, Estate, Real Estate, Corporate, Tax

Status: In Good Standing Licensed: 16 Years

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3517 W. Owen K. Garriott, Enid, OK 73703

Timothy Roger Traynor

Elder Law, Adoption, Gift Taxation, Tax

Status: In Good Standing

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1010 W Maple, Enid, OK 73702

Jessica F. Volsey

Estate

Status: In Good Standing Licensed: 11 Years

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3125 Indian Drive, Enid, OK 73703

Clifford L. Elliott

Industry Specialties, Estate

Status: In Good Standing

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302 N. Independence, Enid, OK 73701

Joseph P Titterington

Status: In Good Standing

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525 W Maine Ave, Enid, OK 73701

Karig P. Culver

Corporate, Oil & Gas, Estate Planning, Real Estate

Status: In Good Standing

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323 West Broadway, Enid, OK 73702

Tim J. Crowley

Real Estate, Wills & Probate, Trusts, Administrative Law

Status: In Good Standing

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323 West Broadway, Enid, OK 73702

Benjamin Bowers

Estate Planning, Banking & Finance

Status: In Good Standing

CONTACT

323 West Broadway, Enid, OK 73702

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LEGAL TERMS

MINERAL RIGHTS

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral right... (more...)

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral rights is usually entitled to either take the minerals from the land himself or receive a royalty from the party that actually extracts the minerals.

HEIR APPARENT

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

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.

DEED OF TRUST

See trust deed.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

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.

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

SWEARING MATCH

A case that turns on the word of one witness versus another. The outcome of a swearing match usually depends on whom the jury finds most trustworthy.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

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Jet Estate Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Tina Ann Hall

Braden C. Land

Michael Craig Riffel

Timothy Roger Traynor

Jessica F. Volsey

Clifford L. Elliott

Joseph P Titterington

Karig P. Culver

Tim J. Crowley

Benjamin Bowers

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LEGAL TERMS

MINERAL RIGHTS

HEIR APPARENT

STATUTORY SHARE

DEED OF TRUST

AB TRUST

INTESTATE

INCOMPETENCE

SWEARING MATCH

RESIDUARY ESTATE

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