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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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Adam Marcus Chisholm

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

Status: In Good Standing Licensed: 19 Years

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100 W Fifth St, Tulsa, OK 74103

Alan James Oxford

Estate, Real Estate, Business Organization, Contract, Entertainment

Status: In Good Standing

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1500 South Utica Avenue, Tulsa, OK 74104

Allen E. Barrow

Commercial Real Estate, Real Estate, Estate Planning, Business

Status: In Good Standing

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110 W. Seventh Street, Tulsa, OK 74119

Allen M. Smallwood

Mass Torts, Federal Trial Practice, Estate, White Collar Crime

Status: In Good Standing

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1310 S Denver Ave, Tulsa, OK 74119

Allie Elizabeth Armstrong Smith

Employee Rights, Gift Taxation, Tax

Status: In Good Standing Licensed: 16 Years

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One Williams Center, Tulsa, OK 74172

Allison Mcgrath Gardner

International Tax, Pension & Benefits, Reorganization, Trusts

Status: In Good Standing

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4000 One Williams Center, Tulsa, OK 74172

Amanda Detweiler Lovelace

Real Estate, Estate, Divorce & Family Law, Criminal

Status: In Good Standing

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124 E 4Th St, Tulsa, OK 74103

Amy Lynn Faltisko

Family Law, Wills, Collaborative Law

Status: In Good Standing Licensed: 12 Years

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500 S Denver Ave, Tulsa, OK 74103

Amy Kay Hart

Insurance, Workers' Compensation, Social Security, Gift Taxation, Mass Torts

Status: In Good Standing

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Bartlesville, OK 74006

Andrew M. Wolov

International Tax, Trusts

Status: Retired Licensed: 58 Years

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One Williams Center, Tulsa, OK 74103

800-923-0641

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LEGAL TERMS

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.

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.

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

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.

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Burbank Estate Lawyer, Oklahoma, page 3

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Adam Marcus Chisholm

Alan James Oxford

Allen E. Barrow

Allen M. Smallwood

Allie Elizabeth Armstrong Smith

Allison Mcgrath Gardner

Amanda Detweiler Lovelace

Amy Lynn Faltisko

Amy Kay Hart

Andrew M. Wolov

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LEGAL TERMS

NONPROBATE

GENERATION-SKIPPING TRANSFER TAX

PREDECEASED SPOUSE

WARRANTY DEED

ADMINISTRATION (OF AN ESTATE)

SPECIAL ADMINISTRATOR

SPENDTHRIFT TRUST

SUCCESSION

REMAINDERMAN

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