Nashoba 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
1. Contact
2. Email
3. Refer
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7. Profile

Includes: Gift Taxation

Deborah Leigh Hackler

General Practice

Status: In Good Standing

CONTACT

Mcalester, OK 74502

Jeffrey Philip Herrick

Bankruptcy, Estate Planning, Wills & Probate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

426 E Wyandotte Ave, Mcalester, OK 74501

Joyce Elaine Green

Oil & Gas, Adoption, Estate Planning, Commercial Real Estate

Status: In Good Standing

CONTACT

Mcalester, OK 74502

Kimberly Dianne Adams

Bankruptcy, Estate Planning, Child Custody

Status: In Good Standing

CONTACT

800 S. Main St., McAlester, OK 74501

Paul Michael Northcutt

Estate Planning, Divorce, Insurance, Medical Malpractice

Status: In Good Standing

CONTACT

321 S 3Rd St, Mcalester, OK 74502

Robt Linthicum Ivester

Oil & Gas, Trusts, Commercial Real Estate, Estate Planning

Status: In Good Standing

CONTACT

Mcalester, OK 74502

Roger Frank Wiley

Adoption, Indians & Native Populations, Gaming & Alcohol, Estate Planning

Status: In Good Standing

CONTACT

14 Crooked Oak Ln, Mcalester, OK 74501

Tyler Petersen

Employee Rights, Gift Taxation, Employment Discrimination

Status: In Good Standing

CONTACT

24245 Frisco Loop, Poteau, OK 74953

Tyler Scott Petersen

Employee Rights, Gift Taxation, Employment Discrimination

Status: In Good Standing

CONTACT

24245 Frisco Loop, Poteau, OK 74953

800-923-0641

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LEGAL TERMS

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

CERTIFIED COPY

A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certi... (more...)

A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certified copies of legal documents before permitting certain transactions. For example, a certified copy of a death certificate is required before a bank will release the funds in a deceased person's payable-on-death account to the person who has inherited them.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

ESTATE PLANNING

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your... (more...)

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your estate may involve making a will, living trust, healthcare directives, durable power of attorney for finances or other documents.

ENTITY

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from i... (more...)

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

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.

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.

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.

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.

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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Nashoba Estate Planning Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Deborah Leigh Hackler

Jeffrey Philip Herrick

Joyce Elaine Green

Kimberly Dianne Adams

Paul Michael Northcutt

Robt Linthicum Ivester

Roger Frank Wiley

Tyler Petersen

Tyler Scott Petersen

TIPS

LEGAL TERMS

INCOMPETENCE

CERTIFIED COPY

TRUST CORPUS

ESTATE PLANNING

ENTITY

ENDOWMENT INSURANCE

SPRINKLING TRUST

ESTATE TAXES

NONPROBATE

SAMPLE LEGAL CASES

In re Marriage of Murphy

Edwards v. Urice

Friedman v. Craig

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