Lexington Estate 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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Jason David Thompson

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Estate, Car Accident, Workers' Compensation

Jason’s practice areas include Estate Planning, Trusts and Estates, Wills and Probate; Workers' Compensation; Personal Injury Law; Automobile Accide... (more)

CONTACT

800-914-8621

201 W Short St, Lexington, KY 40507

Joe Francis Childers

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Wills & Probate, Estate Planning, Commercial Real Estate, Residential Real Estate

Working to protect Kentucky’s most vulnerable citizens and natural landscapes has long been Joe’s personal and professional passion. As an undergr... (more)

FREE CONSULTATION

CONTACT

859-253-9824

201 W Short St, Lexington, KY 40507

James I. Murray

Real Estate, Estate Planning, Family Law, Corporate

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CONTACT

133 West Short Street, Lexington, KY 40507

W. Thomas Bunch

Bankruptcy, Business Organization, Estate Administration, Litigation

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CONTACT

271 West Short Street, Lexington, KY 40507

Hugh Trigg Mitchell

Estate, Tax, Corporate, Banking & Finance

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CONTACT

201 E Main St, Lexington, KY 40507

Walter C. Cox, Jr.

Estate, Estate Planning, Trusts, Power of Attorney, Elder Law

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FREE CONSULTATION

CONTACT

1795 Alysheba Way, Lexington, KY 40509

Caryn L. Belobraidich

Wills & Probate, Consumer Protection, Corporate, Commercial Bankruptcy

Status: Licensed: 31 Years

CONTACT

126 West Maxwell Street, Lexington, KY 40508

Douglas Trent Hawkins

Estate, Wills & Probate, Divorce & Family Law, Accident & Injury

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FREE CONSULTATION

CONTACT

1795 Alysheba Way, Lexington, KY 40509

Martha Jean Griffin

International Tax, Trusts, Estate Planning, Elder Law

Status:

CONTACT

201 E Main St, Lexington, KY 40507

Terri Renee Stallard

Litigation, Trusts, Estate Planning, Estate, Corporate

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CONTACT

201 East Main Street, Lexington, KY 40507

800-814-6700

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LEGAL TERMS

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.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

BENEFICIARY

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

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.

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a beneficiary.

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

TESTAMENTARY TRUST

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

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

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.'

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Lexington Estate Lawyer, Kentucky

Sponsored Law Firm

Kenton Elder Law

SPONSORED LAWYERS

Jason David Thompson

Joe Francis Childers

James I. Murray

W. Thomas Bunch

Hugh Trigg Mitchell

Walter C. Cox, Jr.

Caryn L. Belobraidich

Douglas Trent Hawkins

Martha Jean Griffin

Terri Renee Stallard

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LEGAL TERMS

GENERATION-SKIPPING TRUST

AB TRUST

BENEFICIARY

AUGMENTED ESTATE

DISTRIBUTEE

INVESTOR

TESTAMENTARY TRUST

CONTINGENT BENEFICIARY

LIVING TRUST

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