Carney 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

Thomas B. McLemore

Bad Faith, Estate Administration, Estate Planning, Business Organization

Status: In Good Standing

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1900 Northwest Expressway, Oklahoma City, OK 73118

Joseph J. Reinke

Business Organization, Environmental Law, Estate Planning, Insurance

Status: In Good Standing

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6303 Waterford Blvd., Oklahoma City, OK 73118

Gloria C. Bates

Adoption, Arbitration, Collaborative Law, Estate Planning

Status: In Good Standing

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2212 Shadowlake Dr, Oklahoma City, OK 73159

M. Blake Yaffe

Estate Planning, Family Law, Litigation, Medical Malpractice

Status: In Good Standing

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12231 South May Avenue, Oklahoma City, OK 73170

Dan A. Erwin

Civil Rights, Estate Planning, Electronic Commerce

Status: In Good Standing

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118 West Eighth Street, Chandler, OK 74834

Leann Drummond Ellis

Wills & Probate, Trusts, Gift Taxation, Estate Planning

Status: In Good Standing

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711 S Husband Ave, Stillwater, OK 74074

Jared Harrison

International Tax, Wills & Probate, Estate Planning, Business

Status: In Good Standing

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205 West 7Th Avenue, Stillwater, OK 74074

Derrick Dale Davies

Oil & Gas, Gift Taxation, Tax

Status: In Good Standing

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3106 Cypress Mill St, Stillwater, OK 74074

Leann Drummond Ellis

Gift Taxation, Estate Planning, Business, Property Damage

Status: In Good Standing

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711 S Husband Ave, Stillwater, OK 74074

Brandee R. Hancock

Elder Law, Gift Taxation, Trusts, Tax

Status: In Good Standing

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601 N Willis Street, Stillwater, OK 74078

800-923-0641

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LEGAL TERMS

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

LETTERS TESTAMENTARY

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

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.

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.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

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.

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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Carney Estate Planning Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Thomas B. McLemore

Joseph J. Reinke

Gloria C. Bates

M. Blake Yaffe

Dan A. Erwin

Leann Drummond Ellis

Jared Harrison

Derrick Dale Davies

Leann Drummond Ellis

Brandee R. Hancock

TIPS

LEGAL TERMS

PROPERTY CONTROL TRUST

GRANTOR

DEVISEE

LETTERS TESTAMENTARY

INTESTATE

ENDOWMENT INSURANCE

IN TERROREM

IRREVOCABLE TRUST

RULE AGAINST PERPETUITIES

SAMPLE LEGAL CASES

In re Marriage of Murphy

Edwards v. Urice

Friedman v. Craig

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