Rufe 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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S. B. Armstrong

General Practice

Status: Inactive Licensed: 45 Years

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Valliant, OK 74764

Sean K Huffman

Litigation

Status: In Good Standing Licensed: 18 Years

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700 South Park Drive, Broken Bow, OK 74728

John Burnett Callaham

General Practice

Status: In Good Standing

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Broken Bow, OK 74728

Charles Romick

General Practice

Status: Deceased Licensed: 99 Years

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Broken Bow, OK 74728

Scott F. Doering

Criminal, Family Law, Commercial Real Estate, Wills

Status: In Good Standing

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121 N Central Ave, Idabel, OK 74745

James P. Longacre

Car Accident, Insurance, Personal Injury, Workers' Compensation, Social Security

Status: In Good Standing Licensed: 22 Years

CONTACT

117 North Central Ave, Idabel, OK 74745

James P. Longacre

Workers' Compensation, Insurance, Personal Injury, Social Security, Elder Law

Status: In Good Standing Licensed: 22 Years

CONTACT

117 North Central Ave, Idabel, OK 74745

James P. Longacre

Administrative Law, Oil & Gas, Workers' Compensation, Social Security, Elder Law

Status: In Good Standing

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117 N Central Ave, Idabel, OK 74745

Travis Samuel Crocker

General Practice

Status: In Good Standing

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117 N Central Ave, Idabel, OK 74745

Allen Robinson Malone

General Practice

Status: In Good Standing

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113 N. Central, Idabel, OK 74745

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LEGAL TERMS

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

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.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

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.

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.'

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.

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

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Rufe Estate Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

S. B. Armstrong

Sean K Huffman

John Burnett Callaham

Charles Romick

Scott F. Doering

James P. Longacre

James P. Longacre

James P. Longacre

Travis Samuel Crocker

Allen Robinson Malone

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LEGAL TERMS

PROPERTY CONTROL TRUST

FINAL BENEFICIARY

GROSS ESTATE

PERSONAL PROPERTY

GRANTOR

BYPASS TRUST

LIVING TRUST

STATUTORY SHARE

GENERATION-SKIPPING TRUST

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