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...
Estate Planning
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....
Simple estate planning tips
Many Alabama residents tend to put off their estate planning, thinking that it’s not important for their situation. You may think that you don’t have enough assets or you’re not old enough to need one. In fact, every adult should have some type of estate plan, even if...
What are the pros and cons of revocable living trusts?
Residents of Alabama planning for their future might want to create a trust. A trust is a valuable part of estate planning. If you’re considering a revocable trust, you should know the pros and cons that come with it. What is a revocable trust? During estate planning,...
What an executor does
Estate administration in Alabama is the act of dissolving the estate of a person who has passed away. This person, who is called the decedent, may have had no intentions of having his or her belongings dissolved. When estate owners create a plan, it needs to include...
The role of a trust in estate planning
Trusts are arrangements that allow a trustee to hold valuable assets on behalf of beneficiaries. There are several ways to arrange trusts that detail when and how the assets will be passed to the designated beneficiaries. If you're an Alabama resident and need to know...