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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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Thad Burnett Parsons

Commercial Real Estate, Litigation, Estate Planning

Status: In Good Standing

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Woodward, OK 73802

John Russell Meinders

Tax, Oil & Gas, Gift Taxation, Elder Law

Status: In Good Standing

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2204 Sw Main St, Woodward, OK 73801

Vickie Leigh Cook

Mediation, Banking & Finance, Estate, Lending

Status: In Good Standing

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3242 Osage Dr, Woodward, OK 73801

Erin Nicole Kee Kirksey

Corporate, Personal Injury, Divorce, Trusts

Status: In Good Standing

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Mooreland, OK 73852

Michael Gene Smith

Oil & Gas, Wills, Credit & Debt, Bankruptcy

Status: In Good Standing

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9857 N 2210 Rd, Arapaho, OK 73620

Michael Andrew Womble

General Practice

Status: In Good Standing

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Clinton, OK 73601

Dennis A. Smith

Power of Attorney, Landlord-Tenant, Estate, Divorce & Family Law

Status: In Good Standing

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Clinton, OK 73601

David L. Mosburg

Criminal, Divorce & Family Law, Estate Planning, Business Organization, Real Estate

Status: In Good Standing Licensed: 20 Years

FREE CONSULTATION

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1300 W. Gary Blvd, Clinton, OK 73601

Donelle Holbert Ratheal

Adoption, Trusts, Guardianships & Conservatorships

Status: In Good Standing

CONTACT

501 Prairie Chief Ave, Clinton, OK 73601

Carissa Cae King

Wills & Probate, Estate Planning, Trusts, Gift Taxation

Status: In Good Standing

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814 Frisco Avenue, Clinton, OK 73601

800-923-0641

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LEGAL TERMS

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

CERTIFICATION OF TRUST

See abstract of trust.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property 'per stirpes,' Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

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.

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.'

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.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

INTER VIVOS TRUST

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

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Camargo Estate Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Thad Burnett Parsons

John Russell Meinders

Vickie Leigh Cook

Erin Nicole Kee Kirksey

Michael Gene Smith

Michael Andrew Womble

Dennis A. Smith

David L. Mosburg

Donelle Holbert Ratheal

Carissa Cae King

TIPS

LEGAL TERMS

STATUTORY SHARE

CERTIFICATION OF TRUST

PER STIRPES

AUGMENTED ESTATE

TRUST CORPUS

GRANT DEED

HEIR AT LAW

ABATEMENT

INTER VIVOS TRUST

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