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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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Fletcher D Handley

✓ VERIFIED

Criminal, Accident & Injury, Divorce & Family Law, Estate, Oil & Gas

Fletcher Dal Handley, Jr., is a civil justice attorney with The Handley Law Center in Oklahoma. His practice is focused on Personal Injury Law, repres... (more)

CONTACT

800-714-5951

111 South Rock Island, El Reno, OK 73036

Stephen R. McCalla

Estate, Estate Planning, Family Law, Mental Health

Status: In Good Standing

CONTACT

201 North Fourth Street, Chickasha, OK 73018

Tom A. Frailey

Estate, Estate Planning, Municipal, Wills & Probate

Status: In Good Standing

CONTACT

201 North Fourth Street, Chickasha, OK 73018

Deborah A Sterkel

Banking & Finance, Corporate, Business Organization, Estate Planning

Status: In Good Standing

CONTACT

201 North Fourth Street, Chickasha, OK 73018

Carissa Cae King

Gift Taxation

Status: In Good Standing

CONTACT

118 W Main St, Weatherford, OK 73096

Patrick T. Cornell

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

Status: In Good Standing

CONTACT

117 N. 5Th, Clinton, OK 73601

Carissa Cae King

Wills & Probate, Estate Planning, Trusts, Gift Taxation

Status: In Good Standing

CONTACT

814 Frisco Avenue, Clinton, OK 73601

Richard A. Williams

Real Estate, Federal Trial Practice, Estate, Civil & Human Rights

Status: In Good Standing

CONTACT

111 S.W. Second Street, Anadarko, OK 73005

John W. Garland

Real Estate, Federal Trial Practice, Estate, Civil & Human Rights

Status: In Good Standing

CONTACT

111 S.W. Second Street, Anadarko, OK 73005

Michael Gene Smith

Oil & Gas, Wills, Credit & Debt, Bankruptcy

Status: In Good Standing

CONTACT

9857 N 2210 Rd, Arapaho, OK 73620

800-923-0641

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LEGAL TERMS

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

SWEARING MATCH

A case that turns on the word of one witness versus another. The outcome of a swearing match usually depends on whom the jury finds most trustworthy.

HEIR APPARENT

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

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

IRREVOCABLE TRUST

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

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

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Hydro Estate Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Fletcher D Handley

Stephen R. McCalla

Tom A. Frailey

Deborah A Sterkel

Carissa Cae King

Patrick T. Cornell

Carissa Cae King

Richard A. Williams

John W. Garland

Michael Gene Smith

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LEGAL TERMS

NONPROBATE

SUCCESSOR TRUSTEE

SWEARING MATCH

HEIR APPARENT

SPECIFIC BEQUEST

ALTERNATE BENEFICIARY

IRREVOCABLE TRUST

GENERATION-SKIPPING TRANSFER TAX

ESTATE TAXES

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