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

REAL ESTATE AGENT

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must hav... (more...)

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must have a state license and be supervised by a real estate broker. Most agents are completely dependent upon commissions from sellers for their income, so it pays to find out which side the agent represents (buyer, seller or both) before you place too much trust in the agent's opinion.

ENTITY

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from i... (more...)

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

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.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

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.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

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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

REAL ESTATE AGENT

ENTITY

DISTRIBUTEE

DEVISEE

FINAL BENEFICIARY

SPECIAL ADMINISTRATOR

ADEMPTION

LIFE BENEFICIARY

ABSTRACT OF TRUST

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