Hope Trusts Lawyer, Kentucky

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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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Robert L Rose

Commercial Real Estate, Trusts, Estate, Administrative Law

Status: In Good Standing

CONTACT

51 S Main St, Winchester, KY 40391

Mary Tohill Yeiser

Real Estate, Trusts, Estate

Status: In Good Standing

CONTACT

100 Teal Lane, Winchester, KY 40391

Della M Wallen Littrell

Real Estate, Trusts, Labor Law, Employment

Status: In Good Standing

CONTACT

264 Redwing Dr, Winchester, KY 40391

Thomas L Macdonald

Education, Other, State & Local Agencies, Trusts

Status: Inactive

CONTACT

221 Stockwell Ave, Flemingsburg, KY 41041

Jason Landow Lee

Trusts, Business, Gift Taxation, Elder Law

Status: In Good Standing

CONTACT

2225 Blackmoor Park Lane, Lexington, KY 40509

Mark Allen Maddox

Elder Law, Trusts, Administrative Law, Estate Planning

Status: In Good Standing

CONTACT

3201 Polo Club Boulevard, Lexington, KY 40509

Robert L Russell

Real Estate, Trusts, Estate, Wills

Status: In Good Standing

CONTACT

212 N 2Nd St, Richmond, KY 40475

Barbara Alison Emmons

Trusts, Estate, Elder Law, Estate Planning

Status: In Good Standing

CONTACT

232 W Main St, Richmond, KY 40475

Whitney Dunlap

Litigation, Trusts, Business, Civil Rights

Status: In Good Standing

CONTACT

116 W Main St, Richmond, KY 40476

JoEllen S McComb

Education, Trusts, Labor Law, Civil Rights, Estate

Status: In Good Standing

CONTACT

1204 Winchester Rd, Lexington, KY 40505

800-923-0641

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LEGAL TERMS

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

MARITAL LIFE ESTATE TRUST

See AB trust.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

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.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

TITLE COMPANY

A company that issues title insurance.

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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Hope Trusts Lawyer, Kentucky

Sponsored Law Firm

Kenton Elder Law

SPONSORED LAWYERS

Robert L Rose

Mary Tohill Yeiser

Della M Wallen Littrell

Thomas L Macdonald

Jason Landow Lee

Mark Allen Maddox

Robert L Russell

Barbara Alison Emmons

Whitney Dunlap

JoEllen S McComb

TIPS

LEGAL TERMS

STATUTORY SHARE

MARITAL LIFE ESTATE TRUST

RESIDUARY ESTATE

LAPSE

ABATEMENT

RULE AGAINST PERPETUITIES

GROSS ESTATE

ALTERNATE BENEFICIARY

TITLE COMPANY

SAMPLE LEGAL CASES

Young v. Richardson

JP Morgan Chase Bank, NA v. Longmeyer

Gripshover v. Gripshover

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