What Is a Trust?
A trust is a flexible estate-planning tool that helps families in Madison County and North Alabama manage assets, protect real estate, and in many cases avoid probate.
Understanding Alabama’s Tax Lien Foreclosure Requirements.
The Alabama Legislature recently revised Alabama Code § 40-10-180 et seq., changing tax lien foreclosure laws in Madison, Limestone, Morgan, Marshall, and other counties by adding stricter timelines, mandatory pre-filing notices, and expanded redemption rights for property owners and heirs. Investors and property owners should consult an experienced Alabama real estate attorney to ensure compliance, protect investments, and secure marketable title under the new law.
Thoughts Before Transferring Your House as Part of an Estate Plan.
Transferring real estate to a child or sibling can be a helpful estate planning tool, but it comes with risks like loss of control, tax consequences, exposure to creditors, and potential family conflicts. Because of these concerns, such transfers should only be made as part of a thoughtful estate plan, and alternatives like trusts, wills, or beneficiary designations may provide better protection.
Frequently Asked Questions about Wills in Alabama
There's a lot to know about Wills. You need to understand the difference between a Will and Living Will, how Wills should be executed, and how they can be modified, terminated, or challenged. You also need to understand the probate process and how that can affect the outcome of your estate planni...