Understanding the Limited Liability Company

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...

The Like-Kind Exchange and Recent Developments in Section 1031 Law

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...

The Kentucky Probate Process and How to Avoid It

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...