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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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John D. Mashburn

Accident & Injury, Bankruptcy & Debt, Estate, Lawsuit & Dispute

Status: In Good Standing

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13800 Benson Rd, Edmond, OK 73013

Gary Wayne Listen

Gift Taxation

Status: In Good Standing

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Edmond, OK 73083

Lynn David Mcbride

Elder Law, Bankruptcy & Debt, Gift Taxation, Corporate

Status: In Good Standing

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732 N Santa Fe Ave, Edmond, OK 73003

Robert Nash Thomas

Corporate, Contract, Elder Law, Estate Planning

Status: In Good Standing

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3540 S. Boulevard, Edmond, OK 73013

Kathy Eileen Wallis

Estate, Wills & Probate

Status: In Good Standing

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Edmond, OK 73003

William F. Collins

Estate, Real Estate, Guardianships & Conservatorships, Wills & Probate

Status: In Good Standing

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2500 Soth Broadway, Edmond, OK 73013

Melissa Carol Haddock

Adoption, Federal Appellate Practice, Divorce, Estate Planning

Status: In Good Standing

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508 Hollowdale, Edmond, OK 73003

Brent Douglas Coldiron

Estate, Criminal

Status: In Good Standing

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1800 E Memorial Rd, Oklahoma City, OK 73131

Timothy J. Lamiell

Oil & Gas, Wills & Probate, Estate

Status: In Good Standing

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941 East Britton Road, Oklahoma City, OK 73114

Scott Thompson

Real Estate, Trusts, Family Law, Employment

Status: In Good Standing

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1505 Renaissance Blvd, Edmond, OK 73013

800-923-0641

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LEGAL TERMS

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

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.

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

PROBATE COURT

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate cour... (more...)

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate court' in New York and several other states, this court normally examines the authenticity of a will -- or if a person dies intestate, figures out who receives her property under state law. It then oversees a procedure to pay the deceased person's debts and to distribute her assets to the proper inheritors. See probate.

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.

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Luther Estate Lawyer, Oklahoma, page 4

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

John D. Mashburn

Gary Wayne Listen

Lynn David Mcbride

Robert Nash Thomas

Kathy Eileen Wallis

William F. Collins

Melissa Carol Haddock

Brent Douglas Coldiron

Timothy J. Lamiell

Scott Thompson

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LEGAL TERMS

ABSTRACT OF TRUST

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

DEATH TAXES

BENEFICIARY

INHERIT

EXEMPTION TRUST

ANCILLARY PROBATE

PROBATE COURT

ABATEMENT

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