Estate planning might seem like a topic reserved for the elderly or ultra-wealthy, but it’s actually an essential component of financial planning for everyone…including millennials. Despite common misconceptions, starting estate planning early in life comes with numerous benefits. In this blog article, we’ll explore the importance of estate planning for millennials, addressing the unique challenges […]
Trusts have become an increasingly popular estate planning tool, offering a myriad of advantages to those who choose to establish them. If you reside in Alabama, there are several unique benefits that can make trusts even more appealing. By understanding the various benefits of trusts, you can make an informed decision about whether incorporating a […]
A health care directive, also known as an advance directive or living will, is a legal document that allows an individual to specify their preferences regarding medical treatment and end-of-life care in the event they become unable to communicate or make decisions for themselves. This is one of the three documents I highly recommended being […]
Estate planning is a crucial process that helps individuals prepare for the transfer of their assets after death. In Alabama, estate planning involves various legal documents and strategies to ensure that your assets are distributed according to your wishes, and your loved ones are taken care of. In this article, I’ll address some essential aspects […]
Powers of attorney are legal documents that grant someone the authority to act on your behalf. In Alabama, having a power of attorney can be crucial for several reasons. A power of attorney allows you to choose who will make decisions for you. This is vital if you ever become unable to handle your affairs. […]
After someone has passed away, who owns their real and personal property? In the state of Alabama, there are two court processes to answer that question. Intestate Estate Administration and Probate of a Will. If someone passes away without a Last Will and Testament, this process is called Intestate Estate Administration. If someone passes away with […]
Everybody understands you need a healthy estate plan. However, most people—unfortunately—put off creating their estate plan until it’s too late. The truth is the moment you need your estate plan is the same moment it’s too late to create one. This is why you need to create a healthy estate plan today. So how healthy […]
On the morning of April 21, 2016, the world reacted in shock to the news that genius and groundbreaking musician Prince had died. 52-year-old Prince had more than 30 albums and won 7 Grammy awards in a career that spanned 40 years. In the days that followed, fans mourned his passing all over the world. President Obama […]