Purcell 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

Kimmy Don Ashley

Gift Taxation, Family Law, Estate Planning, Tax

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10051 Flat Armadillo Rd, Lexington, OK 73051

William Calvin Henley

Tax, Gift Taxation, Estate Planning, Corporate

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3280 Marshall Ave, Norman, OK 73072

Christal Dianne Adair

Criminal, Wills, Family Law, Trusts, Estate

Status: In Good Standing

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1712 Hazelwood Dr, Norman, OK 73071

Dawn Desirae Hallman

Trusts, Estate Planning, Wills & Probate, Business

Status: In Good Standing

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2230 Mckown Drive, Norman, OK 73072

Aaron C. Parks

Elder Law, Wills & Probate, Business & Trade

Status: In Good Standing

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3750 West Main, Norman, OK 73072

Scott Thomas Banks

Federal Appellate Practice, Gift Taxation, Employment Discrimination, Adoption

Status: In Good Standing

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217 E. Main Street, Norman, OK 73069

Vera Aktansel

Landlord-Tenant, Estate, Employment, Divorce

Status: In Good Standing

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2419 Wilcox Drive, Norman, OK 73069

Betty Lynne Driver

Public Finance, Gift Taxation, Banking & Finance, Administrative Law

Status: In Good Standing Licensed: 28 Years

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Norman, OK 73070

Nina Jung Wadley

Gift Taxation, Trusts, Tax

Status: In Good Standing

CONTACT

100 48Th Avenue, Nw, Norman, OK 73072

800-923-0641

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LEGAL TERMS

PUBLISHED WORK

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public o... (more...)

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public on an unrestricted basis. It is thus possible to display a work, or distribute it with restrictions on disclosure of its contents, without actually 'publishing' it. Both published and unpublished works are entitled to copyright protection, but some of the rules differ.

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.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

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.

SURROGATE COURT

See probate court.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

KINDRED

Under some state's probate codes, all relatives of a deceased person.

CERTIFIED COPY

A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certi... (more...)

A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certified copies of legal documents before permitting certain transactions. For example, a certified copy of a death certificate is required before a bank will release the funds in a deceased person's payable-on-death account to the person who has inherited them.

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Purcell Estate Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Richard E. Smalley

Kimmy Don Ashley

William Calvin Henley

Christal Dianne Adair

Dawn Desirae Hallman

Aaron C. Parks

Scott Thomas Banks

Vera Aktansel

Betty Lynne Driver

Nina Jung Wadley

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LEGAL TERMS

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ACCUMULATION TRUST

ALTERNATE BENEFICIARY

ESTATE TAXES

SURROGATE COURT

TRUSTEE

GRANTOR RETAINED INCOME TRUST

KINDRED

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