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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

David C Henneke

Wills & Probate, Family Law, Criminal

Status: In Good Standing

CONTACT

Enid, OK 73702

Joseph P Titterington

Status: In Good Standing

CONTACT

525 W Maine Ave, Enid, OK 73701

David Charles Butler

General Practice

Status: In Good Standing

CONTACT

122 W Randolph 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

CONTACT

323 West Broadway, Enid, OK 73702

Richard L. Mcknight

Estate Planning, Real Estate, Trusts, Estate

Status: In Good Standing

CONTACT

323 West Broadway, Enid, OK 73702

Benjamin Bowers

Estate Planning, Banking & Finance

Status: In Good Standing

CONTACT

323 West Broadway, Enid, OK 73702

Justin Louis La Munyon

General Practice

Status: In Good Standing Licensed: 30 Years

CONTACT

118 N Independence Ave, Enid, OK 73701

Braden C. Land

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

Status: In Good Standing

CONTACT

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

800-923-0641

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LEGAL TERMS

WARRANTY DEED

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

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

TESTAMENTARY TRUST

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

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

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.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

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.

Lahoma Estate Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Tina Ann Hall

David C Henneke

Joseph P Titterington

David Charles Butler

Karig P. Culver

Tim J. Crowley

Richard L. Mcknight

Benjamin Bowers

Justin Louis La Munyon

Braden C. Land

TIPS

LEGAL TERMS

WARRANTY DEED

QTIP TRUST

TESTAMENTARY TRUST

HOLOGRAPHIC WILL

RESIDUARY ESTATE

SPECIFIC BEQUEST

LIVING TRUST

TRUST MERGER

NET ESTATE

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