Broken Arrow Trusts Lawyer, Oklahoma, page 2

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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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Beverly K. Smith

Real Estate, Trusts, Corporate Governance, Corporate

Status: In Good Standing

CONTACT

4000 One Williams Center, Tulsa, OK 74172

Blake Allen Johnson

Gift Taxation, Estate Planning, Tax, Trusts

Status: In Good Standing

CONTACT

9175 S Yale Ave, Tulsa, OK 74137

C. Eric Pfanstiel

Construction, Occupational Safety & Health, Litigation, Trusts

Status: In Good Standing

CONTACT

400 West Fourth Street, Claremore, OK 74018

Carol Simmons Nichols

Adoption, Trusts, Estate Planning, Guardianships & Conservatorships

Status: In Good Standing

CONTACT

400 E Winston Ct, Broken Arrow, OK 74011

Chris Economou

General Practice

Status: In Good Standing

CONTACT

4306 E 70Th St, Tulsa, OK 74136

Clint Thomas Swanson

Wills & Probate, Trusts, Gift Taxation, Corporate

Status: In Good Standing

CONTACT

1516 S Boston Ave, Tulsa, OK 74119

Curtis J. Shacklett

Power of Attorney, Medicare & Medicaid, Trusts, Estate Planning, Civil & Human Rights

Status: In Good Standing

CONTACT

525 South Main Street, Tulsa, OK 74103

Curtis W. Fisher

Trusts, Estate, Guardianships & Conservatorships, Elder Law

Status: In Good Standing

CONTACT

2021 S Lewis Ave, Tulsa, OK 74104

Dale Joseph Gilsinger

General Practice

Status: In Good Standing

CONTACT

1549 E 22Nd St, Tulsa, OK 74114

Daniel Reading Ketchum

Trusts, Estate

Status: In Good Standing

CONTACT

320 South Boston Avenue, Tulsa, OK 74103

800-923-0641

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LEGAL TERMS

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

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.'

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.

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.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

TITLE COMPANY

A company that issues title insurance.

SURROGATE COURT

See probate court.

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.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

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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Broken Arrow Trusts Lawyer, Oklahoma, page 2

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Beverly K. Smith

Blake Allen Johnson

C. Eric Pfanstiel

Carol Simmons Nichols

Chris Economou

Clint Thomas Swanson

Curtis J. Shacklett

Curtis W. Fisher

Dale Joseph Gilsinger

Daniel Reading Ketchum

TIPS

LEGAL TERMS

INVESTOR

TRUST CORPUS

EXEMPTION TRUST

ESTATE TAXES

AB TRUST

TITLE COMPANY

SURROGATE COURT

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

FAILURE OF ISSUE

SAMPLE LEGAL CASES

In re Estate of Jackson

In re Lorice T. Wallace Revocable Trust

Welch v. Crow

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