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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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Tyler Rogers Barrett

Estate Planning, Estate, Elder Law, Civil & Human Rights

Status: In Good Standing

CONTACT

131 East Main Street, Norman, OK 73069

Benjamin Paul Butler

Federal Appellate Practice, Trusts, Estate Planning, Family Law

Status: In Good Standing

CONTACT

207 W. Main Street, Norman, OK 73069

Kurt Wayne Goodwin

Energy, Immigration, Wills & Probate, Workers' Compensation, Accident & Injury

Status: In Good Standing

CONTACT

307 E. Eufaula, Norman, OK 73069

Tyler R. Barrett

Estate Planning, Estate, Elder Law, Civil & Human Rights

Status: In Good Standing

CONTACT

131 East Main Street, Norman, OK 73069

James Lawrence Bintz

Construction, Wills & Probate, Business, Environmental Law

Status: In Good Standing

CONTACT

400 S. Crawford, Norman, OK 73069

Christal Dianne Adair

Power of Attorney, Estate, Employment, Adoption, Criminal

Status: In Good Standing

CONTACT

1712 Hazelwood Dr, Norman, OK 73071

Elise Danielle Hayes

Adoption, Federal Appellate Practice, Oil & Gas, Estate

Status: In Good Standing

CONTACT

2900 W Lindsey Street, Norman, OK 73072

Martin Dean Estes

Estate, Real Estate, Business

Status: In Good Standing Licensed: 20 Years

CONTACT

207 E Gray St, Norman, OK 73069

Greg Dixon

Traffic, Estate Planning, Family Law, Insurance

Status: In Good Standing

CONTACT

104 E Main St, Norman, OK 73069

Patrick David Little

Commercial Real Estate, Estate Planning

Status: Inactive Licensed: 62 Years

CONTACT

330 West Gray St, Norman, OK 73069

800-923-0641

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LEGAL TERMS

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.

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

EXECUTOR

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's... (more...)

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's left, as specified in the will. The executor also handles any probate court proceedings and notifies people and organizations of the death. Also called personal representatives.

FUNDING A TRUST

Transferring ownership of property to a trust.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

DOWER AND CURTESY

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') ... (more...)

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') refers to the portion to which a surviving wife is entitled, while curtesy refers to what a man may claim. Until recently, these amounts differed in a number of states. However, because discrimination on the basis of sex is now illegal in most cases, most states have abolished dower and curtesy and generally provide the same benefits regardless of sex -- and this amount is often known simply as the statutory share. Under certain circumstances, a living spouse may not be able to sell or convey property that is subject to the other spouse's dower and curtesy or statutory share rights.

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.

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

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Noble Estate Lawyer, Oklahoma, page 2

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Tyler Rogers Barrett

Benjamin Paul Butler

Kurt Wayne Goodwin

Tyler R. Barrett

James Lawrence Bintz

Christal Dianne Adair

Elise Danielle Hayes

Martin Dean Estes

Greg Dixon

Patrick David Little

TIPS

LEGAL TERMS

EXEMPTION TRUST

QTIP TRUST

STATUTORY SHARE

EXECUTOR

FUNDING A TRUST

TRUSTEE POWERS

DOWER AND CURTESY

AUGMENTED ESTATE

PUBLIC ADMINISTRATOR

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