by admin | Sep 10, 2015 | Theodore S. Hutchins
In recent years there has been an explosion in the popularity of Limited Liability Companys, or “LLC’s”, as a business entity form. The Limited Liability Company offers flexibility, asset protection, as well as certain tax advantages. This article...
by admin | Sep 10, 2015 | Theodore S. Hutchins
Introduction A will is a written document that directs the distribution of one’s property after death. In fact, the Kentucky statute KRS 394.020 authorizes any person who is of sound mind and 18 years of age or over to use a will to dispose of his or her property upon...
by admin | Sep 9, 2015 | Theodore S. Hutchins
Under Section 1031 of the Internal Revenue Code, investment or business property owners may exchange real or personal property currently held for investment or productive use, for comparable like-kind property, and defer the capital gains tax that would ordinarily be...
by admin | Sep 9, 2015 | Theodore S. Hutchins
Introduction In cases where a person has died (the “decedent”) because of the negligence of another, the Personal Representative of the estate may be called upon to pursue a lawsuit on behalf of the decedent’s next of kin. These types of lawsuits are generally...
by admin | Sep 9, 2015 | Theodore S. Hutchins
Introduction The Kentucky estate administration process is generally referred to by lawyers and laypersons alike as “probate.” The most important objective of probate is to see that the property of a deceased person (the “decedent”) is...
by admin | Sep 9, 2015 | Theodore S. Hutchins
Any farmer who owns land that has appreciated significantly over time knows that the tax bill can be staggering when the land is sold. This is especially true if depreciation deductions have been taken on the improvements on the land. For the family farmer who relies...
