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

CERTIFICATION OF TRUST

See abstract of trust.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

IRREVOCABLE TRUST

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

QDOT TRUST

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spo... (more...)

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spouse. QDOT stands for qualified domestic trust.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property per capita, Julie and the two grandchildren will each take a third. If, on the other hand, Fred's will states that heirs of a deceased beneficiary are to receive the property per stirpes, Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation).

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a beneficiary.

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

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

CERTIFICATION OF TRUST

DEVISEE

IRREVOCABLE TRUST

QDOT TRUST

TRUST CORPUS

PER CAPITA

GROSS ESTATE

DISTRIBUTEE

CHARITABLE TRUST

SAMPLE LEGAL CASES

Young v. Richardson

JP Morgan Chase Bank, NA v. Longmeyer

Gripshover v. Gripshover

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