Salt Lick Trusts 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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Thomas L Macdonald

Education, Other, State & Local Agencies, Trusts

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221 Stockwell Ave, Flemingsburg, KY 41041

Robert L Rose

Commercial Real Estate, Trusts, Estate, Administrative Law

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51 S Main St, Winchester, KY 40391

Mary Tohill Yeiser

Real Estate, Trusts, Estate

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100 Teal Lane, Winchester, KY 40391

Della M Wallen Littrell

Real Estate, Trusts, Labor Law, Employment

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264 Redwing Dr, Winchester, KY 40391

John Richard Hutchings

Trusts, Estate

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99 Edgemont Road, Maysville, KY 41056

Tara Nicole Hester

Trusts, Gift Taxation

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1615 Martha Ann Drive, Maysville, KY 41056

Sam W Arnold

Trusts, Estate, Family Law

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103 Court St, Cynthiana, KY 41031

Robert L Russell

Real Estate, Trusts, Estate, Wills

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212 N 2Nd St, Richmond, KY 40475

Barbara Alison Emmons

Trusts, Estate, Elder Law, Estate Planning

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232 W Main St, Richmond, KY 40475

Charles F Hoffman

Real Estate, Government, Trusts, Elder Law

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Berea, KY 40403

800-814-6700

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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.'

TESTAMENTARY TRUST

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

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

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.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

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.'

MARITAL LIFE ESTATE TRUST

See AB trust.

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

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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Salt Lick Trusts Lawyer, Kentucky

Sponsored Law Firm

Kenton Elder Law

SPONSORED LAWYERS

Thomas L Macdonald

Robert L Rose

Mary Tohill Yeiser

Della M Wallen Littrell

John Richard Hutchings

Tara Nicole Hester

Sam W Arnold

Robert L Russell

Barbara Alison Emmons

Charles F Hoffman

TIPS

LEGAL TERMS

TRUST CORPUS

TESTAMENTARY TRUST

ENDOWMENT INSURANCE

GROSS ESTATE

SPRINKLING TRUST

LIVING TRUST

MARITAL LIFE ESTATE TRUST

WILL

QTIP TRUST

SAMPLE LEGAL CASES

Young v. Richardson

JP Morgan Chase Bank, NA v. Longmeyer

Gripshover v. Gripshover

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