Paden 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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Joseph Alan Dobry

Estate, Divorce, Criminal, Bankruptcy & Debt

Status: In Good Standing

CONTACT

Chandler, OK 74834

Gregory A. Upton

Trusts, Adoption, Criminal, Contract

Status: In Good Standing

CONTACT

116 W 8Th St, Chandler, OK 74834

Dan A. Erwin

Civil Rights, Estate Planning, Electronic Commerce

Status: In Good Standing

CONTACT

118 West Eighth Street, Chandler, OK 74834

Douglas Wayne Merritt

Divorce & Family Law, Criminal, Estate, Lawsuit & Dispute, Real Estate

Status: In Good Standing

CONTACT

Depew, OK 74028

Bonnie Schomp

Commercial Real Estate, Lawsuit & Dispute, Oil & Gas, Wills

Status: In Good Standing

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11973 Highway 3E, Earlsboro, OK 74840

Donald West Mcfarland

Real Estate, Accident & Injury, Estate

Status: In Good Standing

CONTACT

307 W Broadway, Okemah, OK 74859

Jerry Lynn Colclazier

Accident & Injury, Criminal, Divorce & Family Law, Civil Rights, Estate

Status: In Good Standing

FREE CONSULTATION

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404 N Main St, Seminole, OK 74868

Ed Cadenhead

Title Insurance, Real Estate, Federal Appellate Practice, Estate

Status: In Good Standing

CONTACT

223 E. Evans, Seminole, OK 74818

Marmaduke Ligon

Real Estate, Estate, Divorce & Family Law, Medical Malpractice

Status: In Good Standing Licensed: 52 Years

CONTACT

Wewoka, OK 74884

800-923-0641

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LEGAL TERMS

LETTERS TESTAMENTARY

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.

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).

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

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.

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.

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.

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.

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Paden Estate Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Joseph Alan Dobry

Gregory A. Upton

Dan A. Erwin

Douglas Wayne Merritt

Bonnie Schomp

Donald West Mcfarland

Jerry Lynn Colclazier

Ed Cadenhead

Marmaduke Ligon

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LEGAL TERMS

LETTERS TESTAMENTARY

CHARITABLE TRUST

ESTATE TAXES

PRETERMITTED HEIR

ADMINISTRATION (OF AN ESTATE)

MINERAL RIGHTS

AB TRUST

SWEARING MATCH

LAPSE

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