Mayslick Trusts Lawyer, Kentucky, page 5

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Carolyn Kenton
About | Practice Areas
Kenton Elder Law
713 College Rd Paris, KY 40361» view map
Estate Law
Helping Generation After Generation

Kenton Elder Law works with families to ensure smooth financial transitions and long term care arrangements as older adults move into later stages of life.

800-932-7301
1. Carolyn Kenton Paris, KY
  Attorney at Law - KY, 1985
  University of Kentucky J.D. 1985
2. AboutKenton Elder Law
  Helping families in the Bluegrass transition from generation to generation.
3. Practice AreasExpertise
  Estate Law
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Richard V Murphy

Real Estate, State & Local Agencies, Trusts, Property Damage

Status: In Good Standing

CONTACT

250 W. Main Street, Lexington, KY 40507

Elizabeth Louise Johns

State Government, Trusts, Estate

Status: In Good Standing Licensed: 26 Years

CONTACT

300 W Vine St, Lexington, KY 40588

Elizabeth Loui Johns

State Government, Trusts, Estate

Status: In Good Standing

CONTACT

300 W Vine St, Lexington, KY 40588

Clyde L Kirtley

Equine, Trusts, Gift Taxation, Insurance, Car Accident

Status: In Good Standing

CONTACT

Lexington, KY 40522

Frederick G Irtz

Trusts, Gift Taxation, Employee Rights, Divorce, Collection

Status: In Good Standing

CONTACT

Lexington, KY 40522

Michael Lee Wilson

Education, Dispute Resolution, Lawsuit & Dispute, Trusts, Car Accident

Status: In Good Standing

CONTACT

Lexington, KY 40544

Robert W Fleming

Litigation, Trusts, Estate, Business & Trade

Status: In Good Standing

CONTACT

100 W Main St, Lexington, KY 40507

Gardner L Turner

Trusts, Estate

Status: In Good Standing

CONTACT

333 W Vine St, Lexington, KY 40507

Jack R Cunningham

Trusts, Estate Planning, Employee Rights, Bankruptcy

Status: In Good Standing

CONTACT

250 W Main St, Lexington, KY 40507

J David Porter

Trusts, Environmental Law Other, Collection, Household Mold

Status: In Good Standing

CONTACT

250 W Main St, Lexington, KY 40507

800-923-0641

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LEGAL TERMS

IRREVOCABLE TRUST

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

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

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.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

FAILURE OF ISSUE

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

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.

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

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.

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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Mayslick Trusts Lawyer, Kentucky, page 5

Sponsored Law Firm

Kenton Elder Law

SPONSORED LAWYERS

Richard V Murphy

Elizabeth Louise Johns

Elizabeth Loui Johns

Clyde L Kirtley

Frederick G Irtz

Michael Lee Wilson

Robert W Fleming

Gardner L Turner

Jack R Cunningham

J David Porter

TIPS

LEGAL TERMS

IRREVOCABLE TRUST

TRUSTEE

HEIR AT LAW

PROBATE

FINAL BENEFICIARY

FAILURE OF ISSUE

DOWER AND CURTESY

IN TERROREM

INHERIT

SAMPLE LEGAL CASES

Young v. Richardson

JP Morgan Chase Bank, NA v. Longmeyer

Gripshover v. Gripshover

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