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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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Theresa Lynn Evans

Administrative Law, Social Security, Guardianships & Conservatorships, Estate

Status: In Good Standing

CONTACT

705 Bowden Rd, Fort Gibson, OK 74434

Joy Renee Maxwell

Oil & Gas, Employee Rights, Immigration, Bankruptcy & Debt, Estate

Status: In Good Standing

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106 E Main Street, Keota, OK 74941

Matthew Bray

Immigration, Estate, Criminal, Medical Malpractice

Status: In Good Standing Licensed: 18 Years

CONTACT

112604 South 4710 Road, Muldrow, OK 74948

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

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24245 Frisco Loop, Poteau, OK 74953

Ranada Danelle Adams

Landlord-Tenant, Lawsuit & Dispute, Estate, Divorce

Status: In Good Standing

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101 N Broadway Street, Poteau, OK 74953

Robert L. Stockton

Real Estate, Estate, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 29 Years

FREE CONSULTATION

CONTACT

201 South Broadway, Poteau, OK 74953

Jeffrey Edwards

Industry Specialties, Estate, Personal Injury, Accident & Injury

Status: In Good Standing

CONTACT

Roland, OK 74954

Medessa Cook Montgomery

Estate

Status: In Good Standing

CONTACT

Sallisaw, OK 74955

Thomas H. Conklin

DUI-DWI, Estate Planning, Commercial Real Estate, Trusts

Status: In Good Standing

CONTACT

Stigler, OK 74462

800-923-0641

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LEGAL TERMS

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

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.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

CREDIT SHELTER TRUST

See AB trust.

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.

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.

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.

HEIR APPARENT

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

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Arkoma Estate Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Theresa Lynn Evans

Joy Renee Maxwell

Matthew Bray

Tyler Petersen

Tyler Scott Petersen

Ranada Danelle Adams

Robert L. Stockton

Jeffrey Edwards

Medessa Cook Montgomery

Thomas H. Conklin

TIPS

LEGAL TERMS

INTESTATE

DISCHARGE (OF PROBATE ADMINISTRATOR)

AUGMENTED ESTATE

LIFE BENEFICIARY

CREDIT SHELTER TRUST

PER STIRPES

ABATEMENT

GENERATION-SKIPPING TRANSFER TAX

HEIR APPARENT

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