Watson 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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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

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Status: Deceased Licensed: 99 Years

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James Leroy Mcclendon

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Status: In Good Standing

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Michelle Beers

General Practice

Status: Inactive Licensed: 16 Years

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Heavener, OK 74937

Jon Ed Brown

Litigation, Patent, Federal Trial Practice, Wrongful Death

Status: In Good Standing Licensed: 17 Years

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2100 E Washington Ave, Idabel, OK 74745

Justin Richard Pratt

General Practice

Status: In Good Standing

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2108 E Washington St, Idabel, OK 74745

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

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

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LEGAL TERMS

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

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.

NET ESTATE

The value of all property owned at death less liabilities or debts.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

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.

PROVING A WILL

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily sat... (more...)

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily satisfies by showing that the will was signed and dated by the deceased person in front of two or more witnesses. When the will is holographic -- that is, completely handwritten by the deceased and not witnessed, it is still valid in many states if the executor can produce relatives and friends to testify that the handwriting is that of the deceased.

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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Watson Estate Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Sean K Huffman

John Burnett Callaham

Charles Romick

James Leroy Mcclendon

Michelle Beers

Jon Ed Brown

Justin Richard Pratt

Scott F. Doering

James P. Longacre

Travis Samuel Crocker

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LEGAL TERMS

HEIR APPARENT

AUGMENTED ESTATE

BANKRUPTCY ESTATE

GENERATION-SKIPPING TRUST

NET ESTATE

LIFE BENEFICIARY

BYPASS TRUST

PROVING A WILL

POWER OF APPOINTMENT

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