Asher Trusts 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
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Christal Dianne Adair

Criminal, Wills, Family Law, Trusts, Estate

Status: In Good Standing

CONTACT

1712 Hazelwood Dr, Norman, OK 73071

Benjamin Paul Butler

Federal Appellate Practice, Trusts, Estate Planning, Family Law

Status: In Good Standing

CONTACT

207 W. Main Street, Norman, OK 73069

Wendy L. Hill

Estate, Estate Planning, Wills & Probate, Trusts

Status: In Good Standing

CONTACT

4712 Manor Hill Drive, Norman, OK 73072

Sally Ketchum Edwards

Estate Planning, Guardianships & Conservatorships, Wills & Probate, Trusts

Status: In Good Standing

CONTACT

210 Park Avenue, Oklahoma City, OK 73102

Philip A. Schovanec

Oil & Gas, Trusts, Civil Rights, Business

Status: In Good Standing

CONTACT

211 North Robinson, Oklahoma City, OK 73102

Mark H. Bennett

International Tax, Transportation & Shipping, Trusts, Corporate

Status: In Good Standing

CONTACT

211 North Robinson, Oklahoma City, OK 73102

W. Samuel Dykeman

Corporate, Trusts, Commercial Real Estate, Partnerships

Status: In Good Standing

CONTACT

119 N Robinson Ave, Oklahoma City, OK 73102

Gregory Chansolme

Contract, Trusts, Real Estate, Banking & Finance

Status: In Good Standing

CONTACT

100 N. Broadway, Oklahoma City, OK 73102

Gayle Freeman Cook

Estate, Real Estate, Trusts, Wills & Probate

Status: In Good Standing

CONTACT

100 North Broadway, Oklahoma City, OK 73102

Kurt Mark Schneiter

Corporate, Estate Planning, Gift Taxation, Trusts

Status: In Good Standing

CONTACT

Oklahoma City, OK 73113

800-923-0641

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LEGAL TERMS

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

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.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

FUNDING A TRUST

Transferring ownership of property to a trust.

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

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.'

SAMPLE LEGAL CASES

In re Estate of Jackson

... in which, relying on Thomas v. Bank of Okla., NA, 1984 OK 41, 684 P.2d 553, he argued that in the September 3, 2003 order, the trial court found him to be Jackson's son and Jackson's sole surviving heir at law; that the terms of title 84, section 132 applied to trusts, as well as ...

In re Lorice T. Wallace Revocable Trust

... of the No-Contest Provisions of the Lorice T. Wallace Revocable Trust and the Lorice T. Wallace Irrevocable Trust." After a hearing the trial court found that the respondent-appellant, Mary Roma Wallace Jage, had violated the no-contest provisions included in the two trusts. ...

Welch v. Crow

... [13]. A. Title 84 OS 2001 Â§132 Does Not Apply To Revocable Inter Vivos Trusts. ... [14] The trustees respond that Â§132 applies only to wills, and not to trusts. Our recent opinion in In re Estate of Jackson, 2008 OK 83, 194 P.3d 1269, is dispositive of the question. ...

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Asher Trusts Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Christal Dianne Adair

Benjamin Paul Butler

Wendy L. Hill

Sally Ketchum Edwards

Philip A. Schovanec

Mark H. Bennett

W. Samuel Dykeman

Gregory Chansolme

Gayle Freeman Cook

Kurt Mark Schneiter

TIPS

LEGAL TERMS

GROSS ESTATE

HOLOGRAPHIC WILL

PROBATE

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

TRUST MERGER

FUNDING A TRUST

SURVIVING SPOUSE'S TRUST

PRETERMITTED HEIR

INCOMPETENCE

SAMPLE LEGAL CASES

In re Estate of Jackson

In re Lorice T. Wallace Revocable Trust

Welch v. Crow

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