Prospect Trusts Lawyer, Kentucky

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William Bornstein
About | Practice Areas
Bornstein & Oppenheimer
3339 Taylorsville Rd Louisville, KY 40205» view map
Real Estate
Where Every Client Matters

When you need accurate representation for your Real Estate transaction, William Bornstein is there for you.

800-925-4171
1. William Bornstein Louisville, KY
  Attorney at Law - KY, 1966
  University of Louisville J.D. 1966
2. AboutBornstein & Oppenheimer
  Bornstein Oppenheimer, PLLC, is a diversified law firm headquartered in Louisville, Kentucky.
3. Practice AreasExpertise
  Real Estate
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Kathleen C Thompson

Trusts, Estate Planning, Estate

Status: In Good Standing

CONTACT

6804 Fairway View Court, Prospect, KY 40059

Tawana L Edwards

Trusts, Estate, Estate Planning, Tax

Status: In Good Standing

CONTACT

5201 Spring Mist Ct, Prospect, KY 40059

Frederic Worth Burr

Trusts, Estate, Elder Law, Estate Planning

Status: In Good Standing

CONTACT

12113 Ridgeview Dr, Goshen, KY 40026

Angela Newell Gardiner

Trusts, Elder Law

Status: In Good Standing

CONTACT

Prospect, KY 40059

Christine Ryan Emison

Trusts, Elder Law

Status: In Good Standing

CONTACT

7522 Clipping Cross Rd, Louisville, KY 40241

Kimberly Lynn Head

Trusts

Status: In Good Standing

CONTACT

6511 Norman Ct, Crestwood, KY 40014

Joyce Marie Gordon

Business, Trusts, Health Care Other

Status: In Good Standing Licensed: 14 Years

CONTACT

Prospect, KY 40059

Laddie Joseph Tackett

Trusts

Status: In Good Standing

CONTACT

5414 Skeffington Way, Louisville, KY 40241

800-923-0641

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LEGAL TERMS

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.'

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

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.

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.

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

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.

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

CERTIFIED COPY

A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certi... (more...)

A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certified copies of legal documents before permitting certain transactions. For example, a certified copy of a death certificate is required before a bank will release the funds in a deceased person's payable-on-death account to the person who has inherited them.

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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Prospect Trusts Lawyer, Kentucky

Sponsored Law Firm

Bornstein & Oppenheimer

SPONSORED LAWYERS

Kathleen C Thompson

Tawana L Edwards

Frederic Worth Burr

Angela Newell Gardiner

Christine Ryan Emison

Kimberly Lynn Head

Joyce Marie Gordon

Laddie Joseph Tackett

TIPS

LEGAL TERMS

TRUST CORPUS

SPENDTHRIFT TRUST

NONPROBATE

LETTERS TESTAMENTARY

SUCCESSION

ABATEMENT

BENEFICIARY

TRUSTEE POWERS

CERTIFIED COPY

SAMPLE LEGAL CASES

Young v. Richardson

JP Morgan Chase Bank, NA v. Longmeyer

Gripshover v. Gripshover

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