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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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Kimmy Don Ashley

Gift Taxation, Family Law, Estate Planning, Tax

Status: In Good Standing

CONTACT

10051 Flat Armadillo Rd, Lexington, OK 73051

Stacy Sue Bateman

Adoption, Federal Appellate Practice, Trusts, Guardianships & Conservatorships

Status: In Good Standing

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Tecumseh, OK 74873

Stacy S. Bateman-Woods

General Practice

Status: In Good Standing

CONTACT

Tecumseh, OK 74873

Teddy Wayne Haxel

Trusts, Criminal, Contract, Lending

Status: In Good Standing

CONTACT

108 N 2Nd St, Purcell, OK 73080

Brett Agee

Patent, Wills & Probate, Insurance, Personal Injury, Car Accident

Status: In Good Standing

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101 East Grant Avenue, Pauls Valley, OK 73075

Daniel V. Barney

Real Estate, Traffic, Oil & Gas, Gift Taxation

Status: In Good Standing

CONTACT

22387 Ncr 3220, Pauls Valley, OK 73075

Paul Anthony Tortorici

Energy, Wills, Contract, Credit & Debt, Personal Injury

Status: In Good Standing

CONTACT

101 E Grant Ave, Pauls Valley, OK 73075

Greg Dixon

Health Care, Estate

Status: In Good Standing

CONTACT

108 N 2Nd Ave, Purcell, OK 73080

T Walter Newmaster

Real Estate, Corporate, Contract, Estate Planning

Status: In Good Standing

CONTACT

Ada, OK 74821

Edward T. Tillery

Estate, Wills & Probate

Status: In Good Standing

CONTACT

210 West Grant Ave., Pauls Valley, OK 73075

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LEGAL TERMS

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to o... (more...)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to or taken from a worker provides some protection for workers in the event certain types of pension plans cannot pay the benefits to which workers are entitled, and requires that employers provide full and clear information about employees' pension rights, including the way pension benefits accumulate, how the company invests pension funds, and when and how pension benefits can be collected.

CERTIFICATION OF TRUST

See abstract of trust.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

QDOT TRUST

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spo... (more...)

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spouse. QDOT stands for qualified domestic trust.

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).

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Tribbey Estate Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Kimmy Don Ashley

Stacy Sue Bateman

Stacy S. Bateman-Woods

Teddy Wayne Haxel

Brett Agee

Daniel V. Barney

Paul Anthony Tortorici

Greg Dixon

T Walter Newmaster

Edward T. Tillery

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LEGAL TERMS

QTIP TRUST

SPECIFIC BEQUEST

SPECIAL ADMINISTRATOR

SPENDTHRIFT TRUST

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

CERTIFICATION OF TRUST

POUR-OVER WILL

QDOT TRUST

CHARITABLE TRUST

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