Lexington Estate Planning Lawyer, Kentucky, page 3

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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
1. Contact
2. Email
3. Refer
5. Visit:
6. Website
7. Profile

Includes: Gift Taxation

Thomas Martin Cothran

Estate, Estate Planning, Wills & Probate, Trusts

Status: In Good Standing

CONTACT

271 W Short St., Lexington, KY 40507

Ralph C Salyer

International, Gift Taxation, Business, Corporate

Status: In Good Standing

CONTACT

710 East Main Street, Lexington, KY 40502

Delmon Lyle Mcquinn

International Tax, Estate Planning, Elder Law, Personal Injury

Status: In Good Standing

CONTACT

300 East Main Street, Lexington, KY 40507

Richard Dougla Martin

Real Estate, Gift Taxation, Insurance, Business

Status: In Good Standing

CONTACT

1031 Wellington Way, Lexington, KY 40513

Bruce Reynolds

Tax, International Tax, International, Gift Taxation

Status: In Good Standing

CONTACT

250 West Main Street, Lexington, KY 40507

Jason Landow Lee

Business & Trade, Trusts, Gift Taxation, Business

Status: In Good Standing

CONTACT

2225 Blackmoor Park Lane, Lexington, KY 40509

Terri Renee Mussetter

Commercial Real Estate, International Tax, Estate Planning, Estate

Status: In Good Standing

CONTACT

1021 Majestic Dr, Lexington, KY 40513

Dustin C. Beard

Estate Planning, Workers' Compensation, Elder Law, Personal Injury

Status: In Good Standing

CONTACT

300 E. Main St, Lexington, KY 40507

Roger Benjamin Crittenden

International, Gift Taxation

Status: In Good Standing

CONTACT

175 East Main St, Lexington, KY 40507

Emily M Dorisio

International Tax, Gift Taxation

Status: In Good Standing

CONTACT

N/A, Lexington, KY 40507

800-923-0641

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LEGAL TERMS

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to o... (more...)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to or taken from a worker provides some protection for workers in the event certain types of pension plans cannot pay the benefits to which workers are entitled, and requires that employers provide full and clear information about employees' pension rights, including the way pension benefits accumulate, how the company invests pension funds, and when and how pension benefits can be collected.

TITLE COMPANY

A company that issues title insurance.

PERSONAL PROPERTY

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, p... (more...)

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, patents, pets and season baseball tickets are all examples of personal property. Personal property may also be called personal effects, movable property, goods and chattel, and personalty. Compare real estate.

KINDRED

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

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.

DISINHERIT

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit prope... (more...)

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit property -- a close family member, for example -- should not receive it. In most states, you cannot completely disinherit your spouse; a surviving spouse has the right to claim a portion (usually one-third to one-half) of the deceased spouse's estate. With a few exceptions, however, you can expressly disinherit children.

ADEMPTION

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.

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.

SAMPLE LEGAL CASES

Easterly v. METROPOLITAN LIFE INSURANCE COMPANY

... [6]. In January or February of 1990, Easterly met with an estate planning attorney in Florida and discovered the face value of the policy to be $185,000.00, not the $235,000.00 they believed they had contracted to purchase in 1989. ...

GRIPSHOVER v. GRIPSHOVER

... prepare documents effectuating a real estate partnership (the Gripshover Family Limited Partnership #1) and a partnership for the ownership and management of the family farming business (the Gripshover Family Limited Partnership #2). For estate planning and taxation ...

Fleming v. Toney

... A decree was never entered, but Leon and Janet remained separated until Leon's death on August 24, 2006. Following the separation, and prior to his death, Leon made several estate planning decisions without Janet's knowledge. ...

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Lexington Estate Planning Lawyer, Kentucky, page 3

Sponsored Law Firm

Kenton Elder Law

SPONSORED LAWYERS

Thomas Martin Cothran

Ralph C Salyer

Delmon Lyle Mcquinn

Richard Dougla Martin

Bruce Reynolds

Jason Landow Lee

Terri Renee Mussetter

Dustin C. Beard

Roger Benjamin Crittenden

Emily M Dorisio

TIPS

LEGAL TERMS

GENERATION-SKIPPING TRUST

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

TITLE COMPANY

PERSONAL PROPERTY

KINDRED

CONTINGENT BENEFICIARY

DISINHERIT

ADEMPTION

SPECIFIC BEQUEST

SAMPLE LEGAL CASES

Easterly v. METROPOLITAN LIFE INSURANCE COMPANY

GRIPSHOVER v. GRIPSHOVER

Fleming v. Toney

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