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Midway Wills & Probate Lawyer, Kentucky

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Includes: Estate Administration, Living Wills, Wills

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David E. Higdon

Wills & Probate, Workers' Compensation, Family Law, Child Support
Status:  In Good Standing           Licensed:  24 Years
CONTACT
203 East Main Street, Georgetown, KY 40324
Profile LAWPOINTS™36/100
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Michael Weldon Tackett

Real Estate, Trusts, Wills & Probate
Status:  In Good Standing           
CONTACT
217 E Main St, Georgetown, KY 40324
Profile LAWPOINTS™12/100
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LEGAL TERMS

TITLE COMPANY

A company that issues title insurance.

KINDRED

Under some state's probate codes, all relatives of a deceased person.

GRANT DEED

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as descri... (more...)
A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as described in the deed. This is the most commonly used type of deed. Compare quitclaim deed.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)
Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)
A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

DEED OF TRUST

See trust deed.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

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.

SAMPLE LEGAL CASES

Fischer v. Fischer

... In fact, at trial he acknowledged that he would have cared for his mother regardless of the agreement. After their mother's death and probate was instituted, the brothers could not agree whether John had agreed to take 13% of the entire estate or only 13% of the stocks. ...

Smith v. McCurdy

... Denica as sole beneficiary. Accordingly, the probate court named Denica as executrix of Thelma's estate. Diana, via counsel, contacted Denica's counsel, requesting information concerning the probate matter. Denica was notified ...

Kentucky Bar Ass'n v. Christian

... Croft died on June 13, 2000, and although Christian possessed everything necessary to probate the will within two months of her death, he filed nothing until May 17, 2001. Further, Christian never registered the testamentary trust as required by law. ...

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