Estate planning might seem like a complicated process for most Alabama residents. Most people want to make sure they’re leaving their loved ones with more than enough to take care of things after they’ve passed on. But the reality is that the money you set aside now...
Estate Planning
What happens if you don’t plan for your incapacity in Alabama?
Estate planning is a great way to make sure your loved ones are looked after and protect your assets if you become incapacitated or die. However, many people neglect to plan for their own incapacity, which can have serious financial consequences. The cost of long-term...
Beneficiary designations: Common mistakes and how to avoid them
Even people in Alabama who are careful about their estate planning may sometimes make mistakes with beneficiary designations. It can be easy to overlook these or to not understand how they fit in with the rest of the estate plan, but because beneficiary designations...
Using a living trust in an estate plan requires thorough study
When you reside in Alabama, creating an estate plan is a crucial way to plan for the future. Forming one is critical if you want your wishes to be met. This action allows you to pass on assets to family members and reduce expenses. Ensures property goes to specific...
Who benefits the most from a joint trust?
The legal system in Alabama provides for many ways to protect your assets after you pass. This is especially crucial to consider if you have loved ones who you want to protect. The goal of setting up a trust is to make sure that your assets are divided in the manner...
What you need to know about your will
A will is a common estate planning tool that almost all legal adults in Alabama are encouraged to have. However, there are many terms associated with a will that you may not be familiar with. Let's take a look at a few key words and phrases that you need to understand...
Going through the estate planning process early can be best
If you reside in Alabama and have many assets, it's usually best to create an estate plan to help ensure your investments and property are divided per your wishes. Failing to do so can create problems in the future between your heirs and lead to a large estate tax...
Guide to the estate probate process in Alabama
The probate process in Alabama can be very overwhelming for someone that’s been appointed to act as executor or left to handle things after a loved one dies. Thankfully, there are a few different housekeeping items that can help make the probate process go smoother....
Understanding the difference between regular and probate sales
If you die without a will in Alabama, your home or another piece of real estate that you owned will likely have to go through a probate sale. Selling a home in this manner can prove lengthy and complex for your loved ones left to deal with it. How probate sales differ...
The role of an estate executor
If assets are held inside of your Alabama estate at the time of your death, they will likely be subject to probate. The estate executor is tasked with representing your interests during the probate process. You can choose who will represent your estate in your will....
