Paoli 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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Richard E. Smalley

Traffic, Estate, Divorce & Family Law, Animal Bite

Status: In Good Standing

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305 East Comanche, Norman, OK 73069

Debbie Lynn Self

Family Law, Franchising, Wills & Probate, Bad Faith Insurance

Status: In Good Standing

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1224 Southwest 104th Street, Oklahoma City, OK 73170

M. Blake Yaffe

Estate Planning, Family Law, Litigation, Medical Malpractice

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12231 South May Avenue, Oklahoma City, OK 73170

Deborah A Sterkel

Banking & Finance, Corporate, Business Organization, Estate Planning

Status: In Good Standing

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201 North Fourth Street, Chickasha, OK 73018

Stephen R. McCalla

Estate, Estate Planning, Family Law, Mental Health

Status: In Good Standing

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201 North Fourth Street, Chickasha, OK 73018

Tom A. Frailey

Estate, Estate Planning, Municipal, Wills & Probate

Status: In Good Standing

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201 North Fourth Street, Chickasha, OK 73018

Scott D. Caldwell

Family Law, Wills & Probate, International, Workers' Compensation

Status: In Good Standing

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Bank of Oklahoma Building, 7701 South Western Avenue, Oklahoma City, OK 73139

Gloria C. Bates

Adoption, Arbitration, Collaborative Law, Estate Planning

Status: In Good Standing

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2212 Shadowlake Dr, Oklahoma City, OK 73159

Michael P. Sullivan

Estate Planning, Corporate, Business Organization, Banking & Finance

Status: In Good Standing

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921 Main Street, Duncan, OK 73534

Kent P. Sullivan

Mass Torts, Estate Planning, Environmental Law, Family Law, Insurance

Status: In Good Standing

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921 Main Street, Duncan, OK 73534

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LEGAL TERMS

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

PERSONAL PROPERTY

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, p... (more...)

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, patents, pets and season baseball tickets are all examples of personal property. Personal property may also be called personal effects, movable property, goods and chattel, and personalty. Compare real estate.

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.

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

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.

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

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Paoli Estate Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Richard E. Smalley

Debbie Lynn Self

M. Blake Yaffe

Deborah A Sterkel

Stephen R. McCalla

Tom A. Frailey

Scott D. Caldwell

Gloria C. Bates

Michael P. Sullivan

Kent P. Sullivan

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LEGAL TERMS

PREDECEASED SPOUSE

PERSONAL PROPERTY

RESIDUARY ESTATE

BYPASS TRUST

STATUTORY SHARE

WILL

GENERATION-SKIPPING TRANSFER TAX

SUCCESSION

POWER OF APPOINTMENT

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