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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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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

Mark T. Coke

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

Status: In Good Standing

CONTACT

205 West Cypress, Altus, OK 73522

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

Sommer Kendall Robbins

Insurance, Adoption, Immigration, Estate Planning

Status: In Good Standing

CONTACT

101 N Main St, Altus, OK 73522

Kelli Rae Woodson

Trusts, Family Law, Insurance, Corporate

Status: In Good Standing

CONTACT

106 West Broadway, Altus, OK 73521

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

Ricky Allen Marsh

Lending, Bankruptcy & Debt, Bankruptcy, Estate Planning

Status: In Good Standing

CONTACT

316 S Main St, Hobart, OK 73651

David L Cummins

Estate, Criminal

Status: In Good Standing

CONTACT

215 N 2Nd Blvd, Hollis, OK 73550

Corry Kendall

Contract, Credit & Debt, Divorce, Trusts

Status: In Good Standing

CONTACT

122 N Oklahoma Ave, Mangum, OK 73554

800-923-0641

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LEGAL TERMS

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

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.

HEIR APPARENT

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

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

LIFE BENEFICIARY

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

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

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.

Blair Estate Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Robert A McMahan

Mark T. Coke

Michael Todd Beason

Sommer Kendall Robbins

Kelli Rae Woodson

Rick Keithton Vernon

Rebecca Nicole Beason

Ricky Allen Marsh

David L Cummins

Corry Kendall

TIPS

LEGAL TERMS

INTER VIVOS TRUST

TRUST DEED

AB TRUST

HEIR APPARENT

ENDOWMENT INSURANCE

LIFE BENEFICIARY

SPECIAL ADMINISTRATOR

QDOT TRUST

FUNDING A TRUST

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