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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JoEllen S McComb

Education, Trusts, Labor Law, Civil Rights, Estate

Status: In Good Standing

CONTACT

1204 Winchester Rd, Lexington, KY 40505

Robert L. Mcclelland

General Practice

Status: In Good Standing

CONTACT

1113 Sheffield Pl, Lexington, KY 40509

Albert Bradley McQueen

Mass Torts, Trusts, Estate Planning, Elder Law, Corporate

Status: In Good Standing

CONTACT

309 N Broadway, Lexington, KY 40508

John Edward Norman

General Practice

Status: In Good Standing

CONTACT

117 West Second Street, Lexington, KY 40507

Dean K. Hunt

Litigation, Minerals & Mining, Trusts, Elder Law

Status: In Good Standing Licensed: 47 Years

CONTACT

180 N Mill Street, Lexington, KY 40507

Thomas Martin Cothran

Estate, Estate Planning, Wills & Probate, Trusts

Status: In Good Standing

CONTACT

271 W Short St., Lexington, KY 40507

Jeffrey Ray Walker

Trusts, Estate

Status: In Good Standing

CONTACT

201 W Short St, Lexington, KY 40507

Ross Thomas Ewing

Family Law, Trusts, Estate

Status: In Good Standing

CONTACT

201 West Short Street, Lexington, KY 40507

Stephen Chase Riddle

General Practice

Status: In Good Standing

CONTACT

201 West Short St, Lexington, KY 40507

C Edward Hastie

Trusts

Status: In Good Standing

CONTACT

133 W Short St, Lexington, KY 40507

800-923-0641

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LEGAL TERMS

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

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.

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.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

MARITAL LIFE ESTATE TRUST

See AB trust.

LETTERS TESTAMENTARY

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

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

JoEllen S McComb

Robert L. Mcclelland

Albert Bradley McQueen

John Edward Norman

Dean K. Hunt

Thomas Martin Cothran

Jeffrey Ray Walker

Ross Thomas Ewing

Stephen Chase Riddle

C Edward Hastie

TIPS

LEGAL TERMS

TESTAMENTARY TRUST

EXEMPTION TRUST

GRANT DEED

PROBATE

AUGMENTED ESTATE

SPECIAL ADMINISTRATOR

MARITAL LIFE ESTATE TRUST

LETTERS TESTAMENTARY

INTER VIVOS TRUST

SAMPLE LEGAL CASES

Young v. Richardson

JP Morgan Chase Bank, NA v. Longmeyer

Gripshover v. Gripshover

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