1232 Blue Ridge Blvd, Hoover, AL 35226

Estate Planning

Sunday, June 18, 2017

Alabama Elder Law Attorney - What Exactly Is Probate and Why Should I Avoid It?


Probate is a court process by which estates are administered. The process usually involves collecting the deceased person’s (decedent’s) assets, paying off liabilities and taxes and finally distributing what’s left to the beneficiaries of the estate.

The probate process is usually long, expensive, and time-consuming. Beneficiaries go through a process that can last months and accumulate high costs along the way, all of which are payable from the decedent’s estate, leaving beneficiaries with less than they deserve.

Thankfully, an extensive probate process can be avoided, with the help of an experienced Read more . . .


Wednesday, June 14, 2017

Elder Abuse Prevention Toolkit!

http://www.alabamaageline.gov/assets/eaptoolkit.pdf

 

Here is the toolkit that Alabama's DHR has on their website. Very useful information!


Read more . . .


Tuesday, June 13, 2017

Why You Need an Advance Directive for Healthcare in Alabama


What is an advance directive?

You may have never heard of an advance directive, or you may understand what this estate planning tool is, but feel you do not need one as you are relatively young and healthy.  The truth is that everyone can benefit from having an advance directive for health care in place in case they become incapacitated.  Our Alabama estate planning lawyers define advance directives for you and discuss why you need one now.
Read more . . .


Wednesday, May 31, 2017

A Message to Parents of Minor Children


A Message to Parents of Minor Children

 

As a parent, there are many things to worry about for your children’s sake, most of which will never come true. You are concerned about the food they eat, the friends they play with, strangers that they might meet, drugs, alcohol, grades, college and who they might marry. As their parent, it is your full-time job to watch over them, to protect them and to point them in the right direction. You intend to be there for them, regardless of what challenges they might face.

 

But what if you can’t be there? What plans do you have in place to deal with that possibility?

 

The term “estate planning” is often used to describe a person’s will and how they want their assets to pass at death.
Read more . . .


Sunday, May 21, 2017

What Will Happen if I Die Without a Will in Alabama?


Who will receive my assets if I pass away before making a will?

Less than half of all Americans have a will, according to the most recent Gallup polls.  Estate planning is a topic few of us which to broach, but dying without a will can have serious consequences for your family.  The following is an explanation as to what would happen if you died without a will in Alabama.  Contact our Read more . . .


Tuesday, May 9, 2017

How to Avoid Scams Aimed at Senior Citizens


Financial scams aimed at seniors are on the rise. More seniors are getting scammed today than they were in the ‘90s. The vice has grown because seniors are believed to have a lot of money in their accounts and equity in their homes, and are more prone to trusting so-called “experts.”

The sad news is that a lot of this theft goes unreported because many senior victims are too embarrassed to speak out. What is worse, is that a lot of the scamming (over 90 percent) is done by close relatives of these seniors.
Read more . . .


Sunday, April 16, 2017

Worried About Challenges to Your Will? Consider a No-Contest Clause


Estate planning exists to enable you to provide for your loved ones and to distribute your wealth according to your wishes. Unfortunately, when learning of the contents of the will, some people may feel aggrieved by the share of the estate they receive and decide to contest your will in court. Knowing that your will may be challenged is a valid cause for worry. Fortunately, there is a potential solution: a no-contest clause.

The No-Contest Clause

In Alabama and other US states, a no-contest clause is essentially a written specification stipulating that any person who contests the will is to lose his/her status as a beneficiary.
Read more . . .


Saturday, March 11, 2017

I Have A Will...Do I Need A Trust?


After spending your whole life working, it makes sense that you would want to take all the steps necessary in order to ensure you still have some control over what happens to your assets when you pass away.

Regardless of your situation, it is important to collaborate with an estate-planning lawyer to make sure your affairs are settled. Having a will drafted is an important step to take as you decide how you would like your assets and property to be divided upon death.
Read more . . .


Friday, March 10, 2017

HAPPY ANNIVERSARY!


I had a nice married couple in my office this week. They had never created a Will, Power of Attorney or Healthcare documents even though they were in their mid-fifties. I asked them "why now?" Their answer was brilliant!

 They said that they were giving the estate plan to one another for an anniversary present! They had all the stuff they needed already, so more stuff would just add to the clutter. What they DIDN'T HAVE was a way to distribute all that stuff after they were gone. Their Last Will and Testament handled that task nicely.
Read more . . .


Friday, February 17, 2017

Protecting Your Assets from Nursing Home Costs


What estate planning tools will help me to preserve my assets if I need to enter a nursing home?

An unfortunate aspect of aging is considering the possibility that you may not be able to live independently forever.  Nursing homes provide quality care for elderly individuals that suffer from a disability, physical illness, or cognitive impairment, such as Alzheimer’s disease, that prevents them from living on their own.  Over 1.3 million Americans are currently residing in nursing home care and close to half of all elderly individuals will require long-term care at some point in their lives.  

Nursing home costs have skyrocketed, and few families in Alabama can afford to pay for long-term care out of pocket.


Read more . . .


Monday, January 23, 2017

Types of Powers of Attorney in Alabama

Which power of attorney do I need?

A power of attorney (POA) is a legal document that allows you to give someone else the legal right to act on your behalf.  A POA can be general, providing the named person with power to make all decisions for you, or limited, allowing control by someone else for just a specified matter.  Setting up a power of attorney is an important part of your estate plan, but many people are confused as to which power of attorney they need.  There are several types of powers of attorney, including:



Read more . . .


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