Watts 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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R. Scott Williams

Business Organization, Family Law, Eminent Domain, Wills & Probate

Status: In Good Standing

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2 South Adair Street, Pryor, OK 74361

Shawn Scott Taylor

Real Estate, Election & Political, Estate Planning, Family Law

Status: In Good Standing

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2 South Adair Street, Pryor, OK 74361

Kim Ellis Ritchie

Family Law, Wills & Probate, Corporate, Workers' Compensation

Status: In Good Standing

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2 South Adair Street, Pryor, OK 74361

Margaret Lee Cook

Social Security, Trusts, Immigration

Status: In Good Standing

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Tahlequah, OK 74465

Ryan Langston

Real Estate, Criminal, Accident & Injury, Estate, Business

Status: In Good Standing Licensed: 17 Years

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104 South Muskogee Ave., Tahlequah, OK 74464

Ralph F. Keen

Traffic, Corporate, Bankruptcy, Trusts

Status: In Good Standing

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205 West Division St, Stilwell, OK 74960

Shannon Otteson Gosa

Criminal, Divorce & Family Law, Estate, Lawsuit & Dispute

Status: In Good Standing

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227 N. Water Avenue, Tahlequah, OK 74464

Charles Wayne Bailey

Estate, Lawsuit & Dispute, Real Estate, Tax

Status: In Good Standing Licensed: 21 Years

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205 W Shawnee St, Tahlequah, OK 74464

James Latham Cosby

Accident & Injury, Criminal, Divorce & Family Law, Estate, Lawsuit & Dispute

Status: In Good Standing

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218 South Muskogee Ave, Tahlequah, OK 74464

Doak Willis

DUI-DWI, Family Law, Traffic, Wills & Probate

Status: In Good Standing

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400 S. Muskogee Ave., Tahlequah, OK 74465

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LEGAL TERMS

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

REAL ESTATE AGENT

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must hav... (more...)

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must have a state license and be supervised by a real estate broker. Most agents are completely dependent upon commissions from sellers for their income, so it pays to find out which side the agent represents (buyer, seller or both) before you place too much trust in the agent's opinion.

CREDIT SHELTER TRUST

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.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

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.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

INTESTATE SUCCESSION

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest s... (more...)

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest surviving relatives. In most states, the surviving spouse, children, parents, siblings, nieces and nephews, and next of kin inherit, in that order.

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Watts Estate Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

R. Scott Williams

Shawn Scott Taylor

Kim Ellis Ritchie

Margaret Lee Cook

Ryan Langston

Ralph F. Keen

Shannon Otteson Gosa

Charles Wayne Bailey

James Latham Cosby

Doak Willis

TIPS

LEGAL TERMS

TRUST CORPUS

HEIR AT LAW

REAL ESTATE AGENT

CREDIT SHELTER TRUST

BYPASS TRUST

RULE AGAINST PERPETUITIES

SPENDTHRIFT TRUST

TRUST MERGER

INTESTATE SUCCESSION

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