Louisville, Kentucky Trust Attorneys in Jefferson County

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Louisville, Kentucky Trust Attorneys in Jefferson County

Jefferson County, KY Trust Attorneys Here to Help in Louisville, Kentucky & Nearby

At Stange Law Firm, we help protect our clients’ wealth and assets by crafting carefully executed estate planning documents. In certain cases, this may involve the creation of revocable or irrevocable trusts to ensure the proper management and distribution of assets.

In Kentucky estate planning, a variety of trusts can be utilized to meet different financial and estate objectives. Some of the most common types of trusts included in Kentucky estate plans are:

  • Revocable Living Trust: This trust allows the grantor to maintain control over the assets during their lifetime and can be altered or revoked at any time. Upon the grantor’s death, the trust assets bypass probate and are distributed according to the trust’s terms.
  • Irrevocable Trust: Unlike a revocable living trust, an irrevocable trust cannot be modified or revoked once it is established. This type of trust is often used to reduce estate taxes, protect assets from creditors, or qualify for Medicaid benefits.
  • Testamentary Trust: This trust is created through a will and takes effect after the grantor’s death. It is commonly used to manage assets for minor children or beneficiaries who may need assistance in managing their inheritance.
  • Special Needs Trust: Designed to provide for a loved one with disabilities without affecting their eligibility for government benefits like Medicaid or Supplemental Security Income (SSI).
  • Charitable Trust: This trust is established to benefit a charitable organization or cause. It can also provide tax benefits to the grantor during their lifetime or after their death.
  • Spendthrift Trust: This type of trust helps protect the assets from creditors and prevents beneficiaries from spending the assets irresponsibly. It is often used for beneficiaries who may have poor financial management skills.
  • Qualified Personal Residence Trust (QPRT): This trust allows the grantor to transfer their primary residence or vacation home to beneficiaries while retaining the right to live in the property for a certain number of years. It is used for estate tax purposes.
  • Life Insurance Trust: This trust holds a life insurance policy and can help keep the death benefit out of the taxable estate, which can reduce estate taxes.
 

Contact a Jefferson County Trust Attorney at Stange Law Firm in the Louisville, Kentucky Area Today to Schedule an Initial Consultation

To schedule an initial consultation with Stange Law Firm, please call 855-805-0595 or reach out to us online.

Jefferson County (Louisville), Kentucky Office (502-516-7375) | 9850 Von Allmen Ct., Suite 235, Louisville, Kentucky 40241

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Helpful Information Regarding High Net Worth Divorce From our Webpage

To learn more about our work in the area of high net worth divorce, please follow the links below:
Do You Need a Last Will and Testament or an Estate Plan?
Everybody should consider making a will. However, a will is about much more than the division of a sizable estate, and making a will is not something that those with substantial assets.
Multi-state Trust Attorneys in the in Missouri, Illinois, Kansas, Oklahoma and Nebraska
As Stange Law Firm, PC, we can determine the right type of trust for your needs and objectives and select the type of trust that best protects your interests.
Valuing professional practices and businesses
Valuing a professional practice can be extremely difficult because much of the value is in the individual's contribution, not in merchandise or interests that can be easily divided. If you have questions, we have answers.
Pensions, IRAs and 401(k)s
Missouri law significantly affects the division of retirement savings accounts. If many of your assets are in IRAs or 401(k)s, we can talk with you about your options.
Qualified Domestic Relations Orders
QDROs create or recognize the existence of an alternate payee's right to receive all or a portion of the benefits payable under a retirement plan. We can explain what this means for you.
Divorce Tax Issues
For some, they can have significant questions and concerns about how getting divorced might effect them from a tax perspective. We can help ensure that clients can get the tax advice they need from tax professionals.
Maintaining Lifestyle
Many individuals have spent their entire life working hard in order to maintain a lifestyle that they have sought out. We can help individuals going through divorce ensure that they are put in the best financial position possible after a divorce.
Business Owners
Many individuals have spent their whole life trying to create a successful business or they have assisted their spouse build up this interest. It can be stressful when that business interest becomes part of a divorce proceeding. However, we an help ensure that a business interests are fairly evaluated.
Prenuptial & Postnuptial Agreements
Prior to entering into a marriage, or after the wedding date, many individuals are interested in putting together a prenuptial or postnuptial agreement to ensure that there are not lengthy and contentious divorce proceedings later if the marriage ends in divorce In these instances, we can help.
Farm Divorce
In certain cases, parties going through a divorce may own a family farm. This can result in the farm itself, equipment, livestock and other valuable assets being put in play in a divorce. We can help you if this is the case.
Stocks and Bonds
Many married couples also have significant sums in stocks and bonds. It's vital to work with an attorney to have an accounting of what is out there and to ensure it is properly addressed in family court.
Vocational Examination
The income producing potential of a husband and wife can be an important issue in a spousal support or child support case. A vocational examination can be useful in many of these cases where the current income of a party does not appropriately reflect what they could make.
Real Estate Portfolios
Real estate can be an important issue in divorce cases where the parties own rental property and other valuable real estate. We can work with parties in these types of cases to make sure these assets are property valuated and apportioned.
Delayed Compensation
In some situations, a party may be compensated through delayed compensation. This is an important area that should not be over-looked in a divorce.
Overseas Assets
Overseas assets can be significant issue in certain cases. It is vital that you have an attorney who understands how to address this issue
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From our webpage, you can also read articles about family law, view informational videos, seminar videos, listen to our podcast, download our mobile application or view support calculators for MissouriIllinois and Kansas.

If you are looking to find and hire a child custody lawyer, contact us online or by phone to schedule a consultation at any of our convenient locations.

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Stange Law Firm, PC

120 S. Central Avenue, Suite 450

St. Louis (Clayton), Missouri 63105

Toll Free: 855-805-0595
Fax: 314-963-9191
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