Mayslick Trusts Lawyer, Kentucky, page 8

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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

John Browning Park

Business & Trade, Trusts

Status: In Good Standing

CONTACT

Lexington, KY 40522

Joseph B Murphy

Other, Real Estate, Equine, Trusts

Status: In Good Standing

CONTACT

412 Nantucket Dr, Lexington, KY 40502

Ralph E Hill

Real Estate, Trusts, Elder Law, Civil & Human Rights

Status: In Good Standing

CONTACT

Lexington, KY 40523

Philip Ashton Foster

Trusts, Estate, Estate Planning

Status: In Good Standing

CONTACT

72 Sweetbriar Ave, Newport, KY 41075

Jeffrey J. Yost

Eminent Domain, Trusts, Gift Taxation, Business

Status: In Good Standing

CONTACT

3689 Wembley Ln, Lexington, KY 40515

Garnie Cliff Stidham

Real Estate, Trusts, Elder Law, Civil Rights

Status: In Good Standing

CONTACT

2343 Alexandria Drive, Lexington, KY 40504

Karen Lynne R Perch

Trusts, Estate, Estate Planning, Wills

Status: In Good Standing

CONTACT

230 Lexington Green Circle, Lexington, KY 40503

Jack R Cunningham

Trusts, Estate

Status: In Good Standing

CONTACT

397 Plainview Rd, Lexington, KY 40517

Glen S Bagby

Litigation, Trusts, Estate Planning, Estate

Status: In Good Standing

CONTACT

1101 Buttonwood Ct, Lexington, KY 40515

David Duane Wolfe

Trusts, Estate, Estate Planning, Wills

Status: In Good Standing

CONTACT

1050 Monarch Street, Lexington, KY 40513

800-923-0641

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800-943-8690

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LEGAL TERMS

PUBLISHED WORK

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public o... (more...)

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public on an unrestricted basis. It is thus possible to display a work, or distribute it with restrictions on disclosure of its contents, without actually 'publishing' it. Both published and unpublished works are entitled to copyright protection, but some of the rules differ.

SECONDARY MEANING

In trademark law, a mark that is not inherently distinctive becomes protected after developing a 'secondary meaning': great public recognition through long use ... (more...)

In trademark law, a mark that is not inherently distinctive becomes protected after developing a 'secondary meaning': great public recognition through long use and exposure in the marketplace. For example, though first names are not generally considered inherently distinctive, Ben & Jerry's Ice Cream has become so well known that it is now entitled to maximum trademark protection.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

CERTIFICATION OF TRUST

See abstract of trust.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

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.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

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 8

Sponsored Law Firm

Kenton Elder Law

SPONSORED LAWYERS

John Browning Park

Joseph B Murphy

Ralph E Hill

Philip Ashton Foster

Jeffrey J. Yost

Garnie Cliff Stidham

Karen Lynne R Perch

Jack R Cunningham

Glen S Bagby

David Duane Wolfe

TIPS

LEGAL TERMS

PUBLISHED WORK

SECONDARY MEANING

RESIDUARY BENEFICIARY

CERTIFICATION OF TRUST

ESTATE TAXES

PROPERTY CONTROL TRUST

DEATH TAXES

GENERATION-SKIPPING TRUST

LIVING TRUST

SAMPLE LEGAL CASES

Young v. Richardson

JP Morgan Chase Bank, NA v. Longmeyer

Gripshover v. Gripshover

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