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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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Randy Bumgarner

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Divorce & Family Law, Bad Faith Insurance, Criminal, Accident & Injury, Estate

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800-919-8730

101 Park Avenue, Suite 410, Oklahoma City, OK 73102

Robert J. Wagner

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Accident & Injury, Divorce & Family Law, Employment, Estate

Rob grew up in the St. Louis area, studied Photojournalism, opened and owned a business in Columbia Missouri; Graduated form OCU Law School (JD 1995),... (more)

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405-521-9499

4401 N. Classen Blvd, Oklahoma City, OK 73118

Daniel Loeliger

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Accident & Injury, Estate, Wills & Probate, Trusts, Car Accident

Daniel Loeliger is a practicing lawyer in the state of Oklahoma. Mr. Loeliger received his J.D. from the University of Oklahoma.

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800-781-5710

3233 East Memorial Road, Edmond, OK 73013

Fletcher D Handley

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Criminal, Accident & Injury, Divorce & Family Law, Estate, Oil & Gas

Fletcher Dal Handley, Jr., is a civil justice attorney with The Handley Law Center in Oklahoma. His practice is focused on Personal Injury Law, repres... (more)

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800-714-5951

111 South Rock Island, El Reno, OK 73036

Robert R. Robles

Real Estate, Oil & Gas, Wills & Probate, Accident & Injury

Status: In Good Standing

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411 NW 5th Street, Oklahoma City, OK 73102

Thomas B. McLemore

Bad Faith, Estate Administration, Estate Planning, Business Organization

Status: In Good Standing

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1900 Northwest Expressway, Oklahoma City, OK 73118

Joseph J. Reinke

Business Organization, Environmental Law, Estate Planning, Insurance

Status: In Good Standing

CONTACT

6303 Waterford Blvd., Oklahoma City, OK 73118

William T. Brett

Real Estate, Estate, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing

FREE CONSULTATION

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2601 Northwest Expressway, Oklahoma City, OK 73112

Scott D. Caldwell

Family Law, Wills & Probate, International, Workers' Compensation

Status: In Good Standing

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Bank of Oklahoma Building, 7701 South Western Avenue, Oklahoma City, OK 73139

Gloria C. Bates

Adoption, Arbitration, Collaborative Law, Estate Planning

Status: In Good Standing

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2212 Shadowlake Dr, Oklahoma City, OK 73159

800-923-0641

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LEGAL TERMS

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.

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

FAILURE OF ISSUE

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

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

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.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

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.

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.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

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Oklahoma City Estate Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Randy Bumgarner

Robert J. Wagner

Daniel Loeliger

Fletcher D Handley

Robert R. Robles

Thomas B. McLemore

Joseph J. Reinke

William T. Brett

Scott D. Caldwell

Gloria C. Bates

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LEGAL TERMS

SPENDTHRIFT TRUST

SPECIAL ADMINISTRATOR

FAILURE OF ISSUE

BENEFICIARY

AB TRUST

HEIR AT LAW

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

ALTERNATE BENEFICIARY

INTER VIVOS TRUST

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