Canton Estate Planning 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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Includes: Gift Taxation

Michael Andrew Womble

General Practice

Status: In Good Standing

CONTACT

Clinton, OK 73601

Carissa Cae King

Wills & Probate, Estate Planning, Trusts, Gift Taxation

Status: In Good Standing

CONTACT

814 Frisco Avenue, Clinton, OK 73601

Patrick T. Cornell

Wills & Probate, Estate Planning, Corporate, Banking & Finance

Status: In Good Standing

CONTACT

117 N. 5Th, 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

CONTACT

1300 W. Gary Blvd, Clinton, OK 73601

James Carter Bass

Corporate, Contract, Elder Law, Estate Planning

Status: In Good Standing

CONTACT

El Reno, OK 73036

Clark Gary Mckeever

Commercial Real Estate, Estate Planning

Status: In Good Standing

CONTACT

Enid, OK 73702

David Charles Butler

General Practice

Status: In Good Standing

CONTACT

122 W Randolph Ave, Enid, OK 73701

Karig P. Culver

Corporate, Oil & Gas, Estate Planning, Real Estate

Status: In Good Standing

CONTACT

323 West Broadway, Enid, OK 73702

Richard L. Mcknight

Estate Planning, Real Estate, Trusts, Estate

Status: In Good Standing

CONTACT

323 West Broadway, Enid, OK 73702

Benjamin Bowers

Estate Planning, Banking & Finance

Status: In Good Standing

CONTACT

323 West Broadway, Enid, OK 73702

800-923-0641

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LEGAL TERMS

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.

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.

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

FAMILY POT TRUST

See pot trust.

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.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

OFFICER

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.

SAMPLE LEGAL CASES

In re Marriage of Murphy

... Id. Joint revocable trusts are an alternative estate planning technique which have become popular in common-law property states because they avoid probate and the need to sever jointly owned assets into separate trusts for each spouse. Id. at 346-347. ...

Edwards v. Urice

... 22 The evidence in the record establishes the following facts. Urice was not related to Bowers by blood and was not a natural object of her bounty. Prior to 1997, Bowers had never mentioned Urice in her estate planning or wanted him to be involved in her financial affairs. ...

Friedman v. Craig

... The motion included affidavits to support Appellant's defense against a fraudulent conveyance, ie, the transfer of the joint tenancy interest in Appellant's home to Craig in 2001 was an estate planning device necessitated by her heart surgery and a concurrently-executed second ...

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Canton Estate Planning Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Michael Andrew Womble

Carissa Cae King

Patrick T. Cornell

David L. Mosburg

James Carter Bass

Clark Gary Mckeever

David Charles Butler

Karig P. Culver

Richard L. Mcknight

Benjamin Bowers

TIPS

LEGAL TERMS

INTESTATE SUCCESSION

AUGMENTED ESTATE

PUBLIC ADMINISTRATOR

IN TERROREM

ADMINISTRATION (OF AN ESTATE)

FAMILY POT TRUST

TRUST DEED

SPRINKLING TRUST

OFFICER

SAMPLE LEGAL CASES

In re Marriage of Murphy

Edwards v. Urice

Friedman v. Craig

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