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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Michael K Ruberg

Wills & Probate, Trusts, Estate, Criminal, Business

Status: In Good Standing

CONTACT

25 Town Center Blvd, Ft Mitchell, KY 41017

Jody Christine Warren

Trusts

Status: In Good Standing

CONTACT

743 Hurstbourne Ln, Ft Mitchell, KY 41017

Sara Rebecca Elrod

General Practice

Status: In Good Standing Licensed: 19 Years

CONTACT

2400 Chamber Center Dr, Ft Mitchell, KY 41017

Johnathon Scott Hopper

General Practice

Status: In Good Standing

CONTACT

2734 Chancellor Drive, Ft Mitchell, KY 41017

Eric S. Beutel

Elder Law, Estate Planning, Commercial Real Estate, Trusts, Wills

Status: In Good Standing

CONTACT

25 Town Center Blvd, Ft Mitchell, KY 41017

Ed Buechel

Trusts, Corporate, Estate Planning

Status: In Good Standing Licensed: 47 Years

CONTACT

182 Barnwood Drive, Ft Mitchell, KY 41017

Michael Weldon Tackett

Real Estate, Trusts, Wills & Probate

Status: In Good Standing

CONTACT

217 E Main St, Georgetown, KY 40324

Carolyn Carroway

Trusts, Estate, Elder Law, Civil & Human Rights

Status: In Good Standing

CONTACT

233 West Main Street, Georgetown, KY 40324

Jason Michael Obermeyer

Trusts, Corporate, Credit & Debt

Status: In Good Standing

CONTACT

306 N. Hamilton Street, Georgetown, KY 40324

Gregory Alan Gabbard

Family Law, Trusts, Bankruptcy

Status: Suspended

CONTACT

3165 Rosina Ave, Latonia, KY 41015

800-923-0641

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LEGAL TERMS

PROBATE COURT

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate cour... (more...)

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate court' in New York and several other states, this court normally examines the authenticity of a will -- or if a person dies intestate, figures out who receives her property under state law. It then oversees a procedure to pay the deceased person's debts and to distribute her assets to the proper inheritors. See probate.

MARITAL LIFE ESTATE TRUST

See AB trust.

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.

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.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

FAMILY POT TRUST

See pot trust.

CURATOR

See conservator.

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.

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

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

Michael K Ruberg

Jody Christine Warren

Sara Rebecca Elrod

Johnathon Scott Hopper

Eric S. Beutel

Ed Buechel

Michael Weldon Tackett

Carolyn Carroway

Jason Michael Obermeyer

Gregory Alan Gabbard

TIPS

LEGAL TERMS

PROBATE COURT

MARITAL LIFE ESTATE TRUST

FINAL BENEFICIARY

GENERATION-SKIPPING TRUST

NONPROBATE

FAMILY POT TRUST

CURATOR

ADEMPTION

SUMMARY PROBATE

SAMPLE LEGAL CASES

Young v. Richardson

JP Morgan Chase Bank, NA v. Longmeyer

Gripshover v. Gripshover

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