Millersburg Estate Lawyer, Kentucky, page 2

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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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Hugh Trigg Mitchell

Estate, Tax, Corporate, Banking & Finance

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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

Martha Jean Griffin

International Tax, Trusts, Estate Planning, Elder Law

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CONTACT

201 E Main St, Lexington, KY 40507

Jonathan A Hall

Lawsuit & Dispute, Trusts, Elder Law, Civil & Human Rights

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CONTACT

710 E Main St, Lexington, KY 40502

Melissa H P Palmer

Trusts, Gift Taxation, Elder Law, Civil & Human Rights

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CONTACT

301 E Main St, Lexington, KY 40507

Heather Pack Howell

Litigation, Estate, Divorce & Family Law, Personal Injury

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CONTACT

300 East Main Street, Lexington, KY 40507

Ralph C Salyer

International, Gift Taxation, Business, Corporate

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CONTACT

710 East Main Street, Lexington, KY 40502

Dustin C. Beard

Estate Planning, Workers' Compensation, Elder Law, Personal Injury

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CONTACT

300 E. Main St, Lexington, KY 40507

Judith Gayle Walden

Trusts

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CONTACT

111 Woodland Ave, Lexington, KY 40502

Charles W Curry

Lawsuit & Dispute, Trusts, Estate, Civil Rights

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CONTACT

1018 Richmond Rd, Lexington, KY 40502

800-814-6700

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LEGAL TERMS

TESTAMENTARY TRUST

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

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.

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

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.

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.

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

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.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property 'per stirpes,' Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

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Millersburg Estate Lawyer, Kentucky, page 2

Sponsored Law Firm

Kenton Elder Law

SPONSORED LAWYERS

Hugh Trigg Mitchell

Terri Renee Stallard

Martha Jean Griffin

Jonathan A Hall

Melissa H P Palmer

Heather Pack Howell

Ralph C Salyer

Dustin C. Beard

Judith Gayle Walden

Charles W Curry

TIPS

LEGAL TERMS

TESTAMENTARY TRUST

PROPERTY CONTROL TRUST

HOLOGRAPHIC WILL

LAPSE

ADEMPTION

ANCILLARY PROBATE

INCOMPETENCE

GENERATION-SKIPPING TRUST

PER STIRPES

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