An executor ensures the wishes of a testator (the person who drafts a will) are fulfilled - they manage and settle the estate. Thus, they play a critical role. You need to choose the right person to administer your estate so it can benefit your beneficiaries. Here...
Getting an estate plan together is an important task for all adults, but it’s one that might be more involved than some people realize. Many individuals know that the estate plan should outline who should receive what assets when the creator passes away. Many don’t...
During estate planning, the focus is often on physical assets. People want to ensure that the appropriate people inherit the assets that have the most financial value or emotional significance. However, testators (those making the will) also need to consider their...
Creating an estate plan means that you need to start out by making a list of everyone you want to receive an inheritance from you when you pass away. While many people opt to leave their assets to their loved ones, there are some individuals who want to support a...
Taxes are due in a variety of circumstances. Property owners pay taxes based on the value of their real estate holdings. Businesses and individuals have to pay taxes on their income. The estate of someone who recently died may even be subject to taxes in some cases....
Creating an estate plan is an important event for any adult. This is the opportunity to leave instructions for how their assets will be handled down to beneficiaries. While most people know that they should have a will, some people don’t realize that trusts can also...
For your estate plan to remain effective, you need to keep it updated. Knowing when to do this means there is less chance of problems for your executor and family when you die. One recommendation is to check the estate plan over every year or two. You could make this...
Estate planning provides a structured way to manage and distribute your assets after your death. However, estate plans can be rendered ineffective if mistakes are made during the planning process, leading to unintended consequences and complications for your loved...
If your adult children and their families are scattered across the country, the holidays may be the only time you’re together under one roof. That’s why this is the time of year when a lot of Americans have the “estate planning talk” ahead of putting their plan in...
Estate planning is crucial for all couples, but LGBTQ+ partners face special challenges. New laws have helped, but hurdles remain in protecting assets and final wishes. Because of Alabama's complex laws, it is vital for LGBTQ+ couples to know their options and act....
