Estate planning often involves drawing up a will and other relevant documents. Some people may assume that all assets go through the Alabama probate court to distribute assets to beneficiaries. When one person owns an asset, probate becomes unavoidable. However,...
Estate Planning
Why you may want to consider an irrevocable trust
More and more Alabama residents are learning about the benefits of crafting irrevocable trusts for their assets. While this term may at first seem very final, when one gets to understand the ins and outs of this type of trust, it becomes overly clear just how...
Three things that you shouldn’t add to your will
Drafting your will is one of the most important parts of the estate planning process. This document will determine how your assets are divided and disbursed after you pass away. Not only does it ensure that your wishes are followed, but it can also prevent a...
When’s the last time you looked at your estate plan?
As you enjoy your golden years in the relaxing state of Alabama, you should be thinking about your estate plans. By getting everything legally in order, you don't have to worry about what happens after your passing with all your assets. Here are some great tips to...
How to reduce the likelihood of a will contest
If you are creating a will in Alabama, you might be worried that your family will try to challenge it in some way. There are certain steps you can take to reduce the likelihood that this will happen. Clarity in your will One of the most important things you can do to...
Estate planning with difficult heirs
Planning out how your Alabama estate is going to be handled once you've passed on or you are incapacitated is one of the most important things you can do for your loved ones. However, even if all legal obstacles have been met, there are certain things that people may...
How to Share Your Estate Plan with Adult Children
An estate plan is an important document to create no matter where you live, including in Birmingham, Alabama. In many cases, the estate plan will include information about your beneficiaries and your will, which may include your adult children. It is important to...
Is a special needs trust right for you?
Estate planning is about so much more than just figuring out who is going to receive your personal property when you pass away. It’s also about protecting yourself in the event of incapacity, motivating your loved one’s to do something after you are gone, and even...
Pitfalls to avoid after crafting an estate plan
It seems that everyone is talking about estate planning these days. After all, every day we are faced with the looming reality of our own mortality, so this is to be expected. However, even after one takes the prudent and smart steps to make an estate plan, there are...
Estate plan updates: When should you revise it?
While one critical error in estate planning is to not have an estate plan, another one is to not update one after creating it. Just having an estate plan is not enough—updating it regularly is equally important to ensure that one’s assets are distributed as one...
