Wayne 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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Kimmy Don Ashley

Gift Taxation, Family Law, Estate Planning, Tax

Status: In Good Standing

CONTACT

10051 Flat Armadillo Rd, Lexington, OK 73051

Greg Dixon

Health Care, Estate

Status: In Good Standing

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108 N 2Nd Ave, Purcell, OK 73080

Teddy Wayne Haxel

Trusts, Criminal, Contract, Lending

Status: In Good Standing

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108 N 2Nd St, Purcell, OK 73080

Kerri Quintal

Estate, Divorce & Family Law, Business, Accident & Injury

Status: In Good Standing Licensed: 27 Years

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917 Mockingbird Lane, Purcell, OK 73080

Daniel V. Barney

Real Estate, Traffic, Oil & Gas, Gift Taxation

Status: In Good Standing

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22387 Ncr 3220, Pauls Valley, OK 73075

Brett Agee

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

Status: In Good Standing

CONTACT

101 East Grant Avenue, 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

Edward T. Tillery

Estate, Wills & Probate

Status: In Good Standing

CONTACT

210 West Grant Ave., Pauls Valley, OK 73075

Donald E. Frankenberg

Bankruptcy & Debt, Bankruptcy, Contract, Estate

Status: In Good Standing

CONTACT

502 S Main St, Lindsay, OK 73052

David Howard San Martin

Military, Estate Planning, Native People, Limited Liability Companies

Status: In Good Standing

CONTACT

220 Maple St, Noble, OK 73068

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LEGAL TERMS

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

GRANT DEED

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as descri... (more...)

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as described in the deed. This is the most commonly used type of deed. Compare quitclaim deed.

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.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

FAMILY ALLOWANCE

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.

CERTIFIED COPY

A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certi... (more...)

A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certified copies of legal documents before permitting certain transactions. For example, a certified copy of a death certificate is required before a bank will release the funds in a deceased person's payable-on-death account to the person who has inherited them.

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Wayne Estate Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Kimmy Don Ashley

Greg Dixon

Teddy Wayne Haxel

Kerri Quintal

Daniel V. Barney

Brett Agee

Paul Anthony Tortorici

Edward T. Tillery

Donald E. Frankenberg

David Howard San Martin

TIPS

LEGAL TERMS

GRANTOR RETAINED INCOME TRUST

GRANT DEED

DISTRIBUTEE

INHERITANCE TAXES

DISCHARGE (OF PROBATE ADMINISTRATOR)

GENERATION-SKIPPING TRANSFER TAX

ABSTRACT OF TRUST

FAMILY ALLOWANCE

CERTIFIED COPY

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