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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

Dan A. Erwin

Civil Rights, Estate Planning, Electronic Commerce

Status: In Good Standing

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118 West Eighth Street, Chandler, OK 74834

John Gabriel Abbamondi

Bankruptcy & Debt, Estate Planning

Status: In Good Standing

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13356 Fairway Dr, Choctaw, OK 73020

Herman Craig Pitts

Immigration, Gift Taxation, Civil Rights, Divorce & Family Law, Trusts

Status: In Good Standing

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1503 E 19Th St, Edmond, OK 73013

James Dean Thomas

Litigation, Lawsuit & Dispute, Estate Planning, Employee Rights

Status: In Good Standing Licensed: 54 Years

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3001 Viewmont Rd, Edmond, OK 73003

Arthur Kyle Swisher

Gift Taxation, Tax

Status: In Good Standing

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1503 E 19Th St, Edmond, OK 73013

Jay Harrod Buxton

Government Agencies, Estate Planning, Divorce & Family Law, Business

Status: In Good Standing

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1900 S Broadway, Edmond, OK 73013

G. Kay Powers

Employment Discrimination, Adoption, Divorce, Estate Planning

Status: In Good Standing

CONTACT

1420 Bond Street, Edmond, OK 73034

Melissa Carol Haddock

Adoption, Federal Appellate Practice, Divorce, Estate Planning

Status: In Good Standing

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508 Hollowdale, Edmond, OK 73003

Michael John Romero

Administrative Law, Employee Rights, Elder Law, Gift Taxation

Status: In Good Standing

CONTACT

2524 N Broadway Street, Edmond, OK 73034

Sally Wright Cohea

Gift Taxation, Tax

Status: In Good Standing

CONTACT

2809 Sweetbriar, Edmond, OK 73034

800-923-0641

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LEGAL TERMS

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

MARITAL LIFE ESTATE TRUST

See AB trust.

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

REAL ESTATE AGENT

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must hav... (more...)

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must have a state license and be supervised by a real estate broker. Most agents are completely dependent upon commissions from sellers for their income, so it pays to find out which side the agent represents (buyer, seller or both) before you place too much trust in the agent's opinion.

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.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

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.

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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Harrah Estate Planning Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Dan A. Erwin

John Gabriel Abbamondi

Herman Craig Pitts

James Dean Thomas

Arthur Kyle Swisher

Jay Harrod Buxton

G. Kay Powers

Melissa Carol Haddock

Michael John Romero

Sally Wright Cohea

TIPS

LEGAL TERMS

PRETERMITTED HEIR

MARITAL LIFE ESTATE TRUST

BYPASS TRUST

SURVIVING SPOUSE'S TRUST

REAL ESTATE AGENT

DISTRIBUTEE

EXEMPTION TRUST

TESTAMENTARY TRUST

PER STIRPES

SAMPLE LEGAL CASES

In re Marriage of Murphy

Edwards v. Urice

Friedman v. Craig

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