A trust only avoids probate for assets it actually owns. The trust document is not what keeps property out of probate — retitling the property is.
Does a Trust Have to Go Through Probate in Alabama? Read More »
Do trust distributions get an inheritance tax exemption? Trust distributions and inheritance taxes can be confusing topics for many people. When you inherit money or assets from a
Yes. A payable-on-death designation on a bank account passes outside the will entirely. The form at the bank beats the document your lawyer drafted.
Does a Bank Beneficiary Override a Will in Alabama? Read More »
The Alabama answer, first Yes. In Alabama a sole beneficiary can serve as executor, and it is one of the most common arrangements there is — a surviving
Many people wonder if a revocable trust can protect their assets. Unfortunately, a revocable trust does not protect assets from creditors or lawsuits. This type of trust allows
Does a Revocable Trust Protect Assets? Understanding Its Limitations and Benefits Read More »
There is no trust registry in Alabama. Privacy is one reason people choose a trust. What does become public is any deed conveying real property into it.
Does a Trust Have to Be Registered With the State in Alabama? Read More »
Personal injury law can be complex and confusing for those who aren’t familiar with it. Personal Injury Law for Dummies is a great resource if you’ve been hurt
Personal Injury Law for Dummies: Essential Guide for Accident Victims Read More »
Planning for the future is crucial, and two key legal documents can help protect your interests. A will and power of attorney work together to ensure your wishes
Attorney for Wills and Power of Attorney: Essential Legal Planning for Your Future Read More »
Estate tax is a levy on the transfer of wealth after someone dies. To define estate tax, it is important to understand that it applies to large estates
Define Estate Tax: Key Facts for Wealth Transfer Planning Read More »
Estate planning is a crucial step in managing your assets and ensuring your wishes are carried out after you’re gone. Following estate planning guidelines involves making important decisions
Estate Planning Guidelines: Key Steps for Securing Your Legacy Read More »
Holding a power of attorney is a fiduciary role, not a convenience. Here is what Alabama requires of the agent and where agents most often get into trouble.
Power of Attorney Responsibilities in Alabama: What the Agent Must Do Read More »
Alabama decides who inherits when there is no will, and the answer is rarely “everything to the spouse.” Here are the actual shares under § 43-8-41 and § 43-8-42.
Inheritance Rights in Alabama: Who Gets What When There Is No Will Read More »
