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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 Peter Newhouse

Dispute Resolution, Corporate, Trusts, Contract

Status: In Good Standing

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2303 S Florence Ave, Tulsa, OK 74114

Jorjana Beaubien Marx

Wills, Estate Planning, Estate, Elder Law

Status: In Good Standing Licensed: 22 Years

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2120 E 15Th St, Tulsa, OK 74104

Matthew E. Riggin

Estate, Bankruptcy, Bankruptcy & Debt, Foreclosure

Status: In Good Standing Licensed: 32 Years

FREE CONSULTATION

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2121 South Colombia Avenue, Tulsa, OK 74114

Cara Collinson Wells

Estate

Status: In Good Standing

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2121 S Columbia Ave, Tulsa, OK 74114

John B. Stuart

Insurance, Trusts, Employment Discrimination, Personal Injury

Status: In Good Standing

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2121 South Columbia Avenue, Tulsa, OK 74114

Kim Vojvoda

Estate Planning, Elder Law, Wills & Probate, Guardianships & Conservatorships, Tax

Status: In Good Standing

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21 North Greenwood Avenue, Tulsa, OK 74120

Brian Craig Been

Accident & Injury, DUI-DWI, Criminal, Wills & Probate, Divorce & Family Law

Status: In Good Standing

FREE CONSULTATION

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1861 East 15th Street, Tulsa, OK 74104

Maureen J Knudson

Dispute Resolution, Wills & Probate, Estate Planning, Elder Law

Status: In Good Standing

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1861 E 15Th St, Tulsa, OK 74104

Richard Royce Stutsman

Oil & Gas, Gift Taxation, Commercial Real Estate, Tax

Status: In Good Standing

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1861 E 15Th St, Tulsa, OK 74104

Lynn S Worley

Criminal, Elder Law, Real Estate, Wills & Probate

Status: In Good Standing

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1861 E 15th St, Tulsa, OK 74104

800-923-0641

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LEGAL TERMS

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.

PUBLISHED WORK

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public o... (more...)

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public on an unrestricted basis. It is thus possible to display a work, or distribute it with restrictions on disclosure of its contents, without actually 'publishing' it. Both published and unpublished works are entitled to copyright protection, but some of the rules differ.

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.

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to o... (more...)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to or taken from a worker provides some protection for workers in the event certain types of pension plans cannot pay the benefits to which workers are entitled, and requires that employers provide full and clear information about employees' pension rights, including the way pension benefits accumulate, how the company invests pension funds, and when and how pension benefits can be collected.

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

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.

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.

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Owasso Estate Lawyer, Oklahoma, page 6

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

John Peter Newhouse

Jorjana Beaubien Marx

Matthew E. Riggin

Cara Collinson Wells

John B. Stuart

Kim Vojvoda

Brian Craig Been

Maureen J Knudson

Richard Royce Stutsman

Lynn S Worley

TIPS

LEGAL TERMS

EXEMPTION TRUST

PUBLISHED WORK

ABATEMENT

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

CONTINGENT BENEFICIARY

AUGMENTED ESTATE

REMAINDERMAN

NONPROBATE

LETTERS TESTAMENTARY

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