Velma Trusts Lawyer, Oklahoma

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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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Michael P. Sullivan

Estate Planning, Corporate, Business Organization, Banking & Finance

Status: In Good Standing

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921 Main Street, Duncan, OK 73534

Kent P. Sullivan

Mass Torts, Estate Planning, Environmental Law, Family Law, Insurance

Status: In Good Standing

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921 Main Street, Duncan, OK 73534

Toby Brent Baldwin

Social Security, Divorce, Agriculture, Trusts

Status: In Good Standing

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22184 State Highway 7, Duncan, OK 73533

E. J. Buckholts

Trusts, Natural Resources, Family Law, Banking & Finance

Status: In Good Standing

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929 West Willow, Duncan, OK 73533

Thomas T. Ellis

Contract, Personal Injury, Family Law, Trusts, Mass Torts

Status: In Good Standing

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929 West Willow, Duncan, OK 73533

Rick Rodgers

Dispute Resolution, Corporate, Estate Planning, Trusts

Status: In Good Standing

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2206 Carolin Drive, Duncan, OK 73533

John Ray Green

Oil & Gas, Trusts, Corporate, Lending

Status: In Good Standing

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2507 Wildwood Pl, Duncan, OK 73533

Mary Sue Taylor

Adoption, Family Law, Trusts, Federal Trial Practice

Status: In Good Standing

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Comanche, OK 73529

Esther Elaine Scott

Estate, Wills & Probate, Trusts, Divorce & Family Law, Elder Law

Status: In Good Standing

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11038 Highway 76, Healdton, OK 73438

John E. Campbell

Corporate, Estate Planning, Estate

Status: In Good Standing

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16 South 9Th Street, Duncan, OK 73533

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LEGAL TERMS

PUBLISHED WORK

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public o... (more...)

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public on an unrestricted basis. It is thus possible to display a work, or distribute it with restrictions on disclosure of its contents, without actually 'publishing' it. Both published and unpublished works are entitled to copyright protection, but some of the rules differ.

CERTIFICATION OF TRUST

See abstract of trust.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property 'per stirpes,' Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

FUNDING A TRUST

Transferring ownership of property to a trust.

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

INTER VIVOS TRUST

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

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

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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Velma Trusts Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Michael P. Sullivan

Kent P. Sullivan

Toby Brent Baldwin

E. J. Buckholts

Thomas T. Ellis

Rick Rodgers

John Ray Green

Mary Sue Taylor

Esther Elaine Scott

John E. Campbell

TIPS

LEGAL TERMS

PUBLISHED WORK

CERTIFICATION OF TRUST

PER STIRPES

SURVIVING SPOUSE'S TRUST

FUNDING A TRUST

CONTINGENT BENEFICIARY

INTER VIVOS TRUST

ACCUMULATION TRUST

POWER OF APPOINTMENT

SAMPLE LEGAL CASES

In re Estate of Jackson

In re Lorice T. Wallace Revocable Trust

Welch v. Crow

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