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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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Janet Lynn Folsom

Trusts, International

Status: In Good Standing Licensed: 36 Years

CONTACT

3013 N.W. 59Th Street, Oklahoma City, OK 73112

Walter Steven Lewis

Wills & Probate, Trusts, Estate Planning, Employment, Estate

Status: In Good Standing

CONTACT

3233 E Memorial Rd, Edmond, OK 73013

Mohammad Hossein Farzaneh

Contract, Estate Planning, Real Estate, Trusts

Status: In Good Standing

CONTACT

9400 N Broadway Ext, Oklahoma City, OK 73114

Stephen Robert Eck

Estate Planning, Wills & Probate, Trusts, Wills

Status: In Good Standing

CONTACT

2501 E Memorial Rd, Edmond, OK 73013

Karla Mcalister

Estate Planning, Trusts, Estate, Estate Administration

Status: In Good Standing

CONTACT

15 East 15Th Street, Edmond, OK 73083

Jonathan B. Austin

Corporate, Reorganization, Trusts, Landlord-Tenant

Status: In Good Standing

CONTACT

15 East 15Th Street, Edmond, OK 73083

Darian B. Andersen

Real Estate, Wills & Probate, Trusts, Corporate

Status: In Good Standing Licensed: 47 Years

CONTACT

1015 Waterwood Pkwy, Edmond, OK 73034

George S. Freedman Jami Fenner

Real Estate, Wills & Probate, Family Law, Trusts

Status: In Good Standing

CONTACT

1701 S Kelly, Edmond, OK 73013

Scott Thompson

Real Estate, Trusts, Family Law, Employment

Status: In Good Standing

CONTACT

1505 Renaissance Blvd, Edmond, OK 73013

Christopher Papin

Tax, Trusts, Gift Taxation, Business

Status: In Good Standing

CONTACT

13907 Quail Pointe Drive, Oklahoma City, OK 73134

800-923-0641

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LEGAL TERMS

CONSERVATOR

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of th... (more...)

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of the estate.' One who takes care of personal matters, such as healthcare and living arrangements, is known as a 'conservator of the person.' Sometimes, one conservator is appointed to handle all these tasks. Depending on where you live, a conservator may also be called a guardian, committee or curator.

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.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

CURATOR

See conservator.

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

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.

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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Macomb Trusts Lawyer, Oklahoma, page 3

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Janet Lynn Folsom

Walter Steven Lewis

Mohammad Hossein Farzaneh

Stephen Robert Eck

Karla Mcalister

Jonathan B. Austin

Darian B. Andersen

George S. Freedman Jami Fenner

Scott Thompson

Christopher Papin

TIPS

LEGAL TERMS

CONSERVATOR

ESTATE TAXES

RESIDUARY BENEFICIARY

CURATOR

LAPSE

ALTERNATE BENEFICIARY

SPRINKLING TRUST

TESTAMENTARY TRUST

SPENDTHRIFT TRUST

SAMPLE LEGAL CASES

In re Estate of Jackson

In re Lorice T. Wallace Revocable Trust

Welch v. Crow

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