Finchville Trusts Lawyer, Kentucky

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Lawrence Belanger
About | Practice Areas
Law Office of Lawrence Belanger
101 North 7th St Louisville, KY 40202» view map
Bankruptcy & Debt
Decades Of Experience

Filing for bankruptcy can be complicated, but it doesn't have to be. Attorney Lawrence Belanger helps his clients every step of the way.

800-872-6030
1. Lawrence Belanger Louisville, KY
  Attorney at Law - KY, 1991
  Suffolk University J.D. 1973
2. AboutLaw Office of Lawrence Belanger
  Decades Of Experience
3. Practice AreasExpertise
  Bankruptcy & Debt
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Allen McKee Dodd

Divorce & Family Law, Tax, Estate, Trusts, Family Law

Status: In Good Standing

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12004 LaGrange Road, Louisville, KY 40223

Amy Elizabeth Oliver

Criminal, Insurance, Elder Law, Family Law, Trusts

Status: In Good Standing

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77 Mack Walters Road, Shelbyville, KY 40065

Ashley Louise Smalley-Ray

Trusts, Estate, Corporate, Elder Law

Status: In Good Standing

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839 Peach Orchard Circle, Fisherville, KY 40023

Clayton Reed Hume

Business, Corporate, Trusts, Commercial Real Estate

Status: In Good Standing

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2525 Nelson Miller Parkway, Louisville, KY 40223

Gregory Y Neal

General Practice

Status: In Good Standing

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Shelbyville, KY 40066

Gregory Y Neal

General Practice

Status: In Good Standing

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Shelbyville, KY 40066

James Hargrove

Trusts, Estate, Elder Law, Civil & Human Rights

Status: In Good Standing

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12910 Shelbyville Rd, Louisville, KY 40243

James E Hargrove

Trusts, Estate, Elder Law, Civil & Human Rights

Status: In Good Standing

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12910 Shelbyville Rd, Louisville, KY 40243

James E. Hargrove

Trusts, Estate, Elder Law, Civil & Human Rights

Status: In Good Standing

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12910 Shelbyville Rd, Louisville, KY 40243

James Thomas Traughber

Elder Law, Trusts, Tax, Estate Planning

Status: In Good Standing Licensed: 17 Years

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2301 Terra Crossing Boulevard, Louisville, KY 40245

800-923-0641

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LEGAL TERMS

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

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.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

SWEARING MATCH

A case that turns on the word of one witness versus another. The outcome of a swearing match usually depends on whom the jury finds most trustworthy.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

SAMPLE LEGAL CASES

Young v. Richardson

... This case has a lengthy procedural history which includes a prior appeal before this court. The underlying action concerns the propriety of a transfer of assets from two inter vivos trusts that were established in 1991 by the appellant's parents, Sam C. May and Julia May. ...

JP Morgan Chase Bank, NA v. Longmeyer

... A short while later, in December 1997, Bank One contacted an experienced attorney in trusts and estates, Robert L. Hallenberg, regarding Skonberg's estate and the questionable circumstances that had culminated in the new estate plan. ...

Gripshover v. Gripshover

... to own and manage the farming business (the Gripshover Family Limited Partnership # 2). To minimize taxes and for inheritance purposes, Mr. Campbell further recommended that the partners in the two partnerships assign their partnership interests to trusts, two trusts for each ...

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Finchville Trusts Lawyer, Kentucky

Sponsored Law Firm

Law Office of Lawrence Belanger

SPONSORED LAWYERS

Allen McKee Dodd

Amy Elizabeth Oliver

Ashley Louise Smalley-Ray

Clayton Reed Hume

Gregory Y Neal

Gregory Y Neal

James Hargrove

James E Hargrove

James E. Hargrove

James Thomas Traughber

TIPS

LEGAL TERMS

BYPASS TRUST

NONPROBATE

SPECIFIC BEQUEST

PROBATE

AB TRUST

LIVING TRUST

SWEARING MATCH

ENDOWMENT INSURANCE

IRREVOCABLE TRUST

SAMPLE LEGAL CASES

Young v. Richardson

JP Morgan Chase Bank, NA v. Longmeyer

Gripshover v. Gripshover

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