Snyder 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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Michael Todd Beason

Juvenile Law, Administrative Law, Family Law, Wills

Status: In Good Standing Licensed: 2 Years

CONTACT

123 W Commerce Street, Altus, OK 73522

Robert A McMahan

Estate Planning, Products Liability, Personal Injury, Medical Malpractice, Car Accident

Status: In Good Standing

CONTACT

217 W Commerce St, Altus, OK 73521

Kelli Rae Woodson

Trusts, Family Law, Insurance, Corporate

Status: In Good Standing

CONTACT

106 West Broadway, Altus, OK 73521

Mark T. Coke

Real Estate, Trusts, Estate, Corporate, Banking & Finance

Status: In Good Standing

CONTACT

205 West Cypress, Altus, OK 73522

Sommer Kendall Robbins

Insurance, Adoption, Immigration, Estate Planning

Status: In Good Standing

CONTACT

101 N Main St, Altus, OK 73522

Rick Keithton Vernon

Lending, Corporate, Trusts, Commercial Real Estate

Status: In Good Standing

CONTACT

903 Falcon Rd, Altus, OK 73521

Rebecca Nicole Beason

Divorce & Family Law, Criminal, Estate, Business

Status: In Good Standing

CONTACT

108 West Broadway, Altus, OK 73521

Richard A. Williams

Real Estate, Federal Trial Practice, Estate, Civil & Human Rights

Status: In Good Standing

CONTACT

111 S.W. Second Street, Anadarko, OK 73005

Kyle Neil Eastwood

Accident & Injury, Estate, Lawsuit & Dispute, Real Estate

Status: In Good Standing Licensed: 12 Years

CONTACT

203 W. Broadway, Anadarko, OK 73005

John W. Garland

Real Estate, Federal Trial Practice, Estate, Civil & Human Rights

Status: In Good Standing

CONTACT

111 S.W. Second Street, Anadarko, OK 73005

800-923-0641

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LEGAL TERMS

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.

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.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

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.

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.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a beneficiary.

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.

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.'

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Snyder Estate Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Michael Todd Beason

Robert A McMahan

Kelli Rae Woodson

Mark T. Coke

Sommer Kendall Robbins

Rick Keithton Vernon

Rebecca Nicole Beason

Richard A. Williams

Kyle Neil Eastwood

John W. Garland

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LEGAL TERMS

GROSS ESTATE

LETTERS TESTAMENTARY

EXEMPTION TRUST

AB TRUST

RESIDUARY ESTATE

DEVISEE

DISTRIBUTEE

MINERAL RIGHTS

PRETERMITTED HEIR

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