Wyandotte Estate Planning 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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Includes: Gift Taxation

Shawn Scott Taylor

Real Estate, Election & Political, Estate Planning, Family Law

Status: In Good Standing

CONTACT

2 South Adair Street, Pryor, OK 74361

Kay Lyn Beauchamp

General Practice

Status: In Good Standing

CONTACT

524 S Main St, Grove, OK 74345

Carolyn A. Shuey

Estate Planning, Gift Taxation, Tax

Status: In Good Standing

CONTACT

31740 S 604 Rd, Grove, OK 74344

Jeffrey Brian Kent

Social Security, Gift Taxation, Criminal, Bankruptcy & Debt, Estate

Status: In Good Standing

CONTACT

306 N Orphan St, Pryor, OK 74361

Ben Sherrer

Estate Planning, Divorce, DUI-DWI, Personal Injury

Status: In Good Standing

CONTACT

3 N. Adair, Pryor, OK 74361

Jerrold R. Dennis

Wills & Probate, Business, Estate Planning

Status: In Good Standing

CONTACT

108 N. Adair Street, Pryor, OK 74361

Mark William Curnutte

Gift Taxation, Estate, Elder Law, Corporate

Status: In Good Standing

CONTACT

Vinita, OK 74301

Sofia Goodin

Estate Planning, Divorce, Adoption, Criminal

Status: In Good Standing

CONTACT

Vinita, OK 74301

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.

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

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.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

FUNDING A TRUST

Transferring ownership of property to a trust.

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

SURROGATE COURT

See probate court.

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

CURATOR

See conservator.

SAMPLE LEGAL CASES

In re Marriage of Murphy

... Id. Joint revocable trusts are an alternative estate planning technique which have become popular in common-law property states because they avoid probate and the need to sever jointly owned assets into separate trusts for each spouse. Id. at 346-347. ...

Edwards v. Urice

... 22 The evidence in the record establishes the following facts. Urice was not related to Bowers by blood and was not a natural object of her bounty. Prior to 1997, Bowers had never mentioned Urice in her estate planning or wanted him to be involved in her financial affairs. ...

Friedman v. Craig

... The motion included affidavits to support Appellant's defense against a fraudulent conveyance, ie, the transfer of the joint tenancy interest in Appellant's home to Craig in 2001 was an estate planning device necessitated by her heart surgery and a concurrently-executed second ...

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Wyandotte Estate Planning Lawyer, Oklahoma

Sponsored Law Firm

Pritchett Law Group

SPONSORED LAWYERS

Shawn Scott Taylor

Kay Lyn Beauchamp

Carolyn A. Shuey

Jeffrey Brian Kent

Ben Sherrer

Jerrold R. Dennis

Mark William Curnutte

Sofia Goodin

TIPS

LEGAL TERMS

SPENDTHRIFT TRUST

INHERIT

EXEMPTION TRUST

DEATH TAXES

FUNDING A TRUST

SUMMARY PROBATE

SURROGATE COURT

INCOMPETENCE

CURATOR

SAMPLE LEGAL CASES

In re Marriage of Murphy

Edwards v. Urice

Friedman v. Craig

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