Paris Trusts Lawyer, Kentucky, page 3

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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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Jeffrey Lawson Gehring

Tax, Trusts, Estate Planning, Estate

Status:

CONTACT

300 West Vine Street, Lexington, KY 40507

Job D Turner

Construction Contracts, Real Estate, Trusts, Business

Status:

CONTACT

300 W Vine St, Lexington, KY 40507

Jason Michael Obermeyer

Trusts, Corporate, Credit & Debt

Status:

CONTACT

306 N. Hamilton Street, Georgetown, KY 40324

Della M Wallen Littrell

Real Estate, Trusts, Labor Law, Employment

Status:

CONTACT

264 Redwing Dr, Winchester, KY 40391

Mark L Moseley

Trusts, Criminal, Civil Rights, Business

Status:

CONTACT

Lexington, KY 40588

Richard V Murphy

Real Estate, State & Local Agencies, Trusts, Property Damage

Status:

CONTACT

250 W. Main Street, Lexington, KY 40507

Charles J. Lisle

Real Estate, Energy, Trusts, Business

Status:

CONTACT

Lexington, KY 40588

Elizabeth Louise Johns

State Government, Trusts, Estate

Status: Licensed: 27 Years

CONTACT

300 W Vine St, Lexington, KY 40588

Elizabeth Loui Johns

State Government, Trusts, Estate

Status:

CONTACT

300 W Vine St, Lexington, KY 40588

Michael Lee Wilson

Education, Dispute Resolution, Lawsuit & Dispute, Trusts, Car Accident

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CONTACT

Lexington, KY 40544

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LEGAL TERMS

DEVISEE

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

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.

CERTIFICATION OF TRUST

See abstract of trust.

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

CONSERVATOR

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of th... (more...)

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of the estate.' One who takes care of personal matters, such as healthcare and living arrangements, is known as a 'conservator of the person.' Sometimes, one conservator is appointed to handle all these tasks. Depending on where you live, a conservator may also be called a guardian, committee or curator.

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.

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.

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

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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Paris Trusts Lawyer, Kentucky, page 3

Sponsored Law Firm

Kenton Elder Law

SPONSORED LAWYERS

Jeffrey Lawson Gehring

Job D Turner

Jason Michael Obermeyer

Della M Wallen Littrell

Mark L Moseley

Richard V Murphy

Charles J. Lisle

Elizabeth Louise Johns

Elizabeth Loui Johns

Michael Lee Wilson

TIPS

LEGAL TERMS

DEVISEE

SPENDTHRIFT TRUST

CERTIFICATION OF TRUST

TRUST DEED

PRETERMITTED HEIR

CONSERVATOR

GROSS ESTATE

CONTINGENT BENEFICIARY

CHARITABLE TRUST

SAMPLE LEGAL CASES

Young v. Richardson

JP Morgan Chase Bank, NA v. Longmeyer

Gripshover v. Gripshover

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