Alabama

  Estate Planners.
HOME ABOUT US FAQ'S RESOURCES CONTACT US FREE CASE REVIEW
February 26, 2010
Estate-Planning
             
 
Selecting a financial planner for your financing is a very important decision. Please enter your information below to locate a qualified financial planner in your area
 
Zip Code:   
 

Welcome to Alabama Estate Planners.com

 


 
Did You Know?    
 
 
A "Living Trust" can be used to hold legal title to and provide a mechanism to manage your property
You can select the person or persons you want -- often even yourself -- as the Trustee(s) to carry out the instructions you want in the Trust and name one or more Successor Trustees to take over if you cannot. Unlike a Will, a Trust usually becomes effective immediately, continues in force during your lifetime even in the event of your incapacity, and continues after your death. Most Trusts are "revocable" which allows the person who creates the Trust to make future changes, modifications and even to terminate it.

 



In Alabama if you die without a will, your family could be in for more than they bargained for. You sons and daughters could be left fighting over their share of your estate. If you are located in another region of the country contact one of our estate planning attorneys nationwide. Don’t make them go through that hassle; contact our Alabama Estate Planning Lawyer to help get your affairs in order.

Click here for your free legal evaluation.

 
Estate Tax Returns Filed in 2001: Gross    
 
 
[1] Gross estate is shown at the value used to determine estate tax liability. The value could be determined as of the decedent's date of death or 6 months thereafter (i.e., alternate valuation method).[2] Includes U.S. territories, U.S. citizens domiciled abroad, and a small number of returns for whom State of residence was unknown.[All figures are estimates based on samples--money amounts are in thousands of dollars] in Alabama
Gross estate tax purposes 1,239
Gross estate tax Amount 2,322,243
Total allowable deductions Number 1,239
Total allowable deductions Amount 895,021
State death tax credit Number 559
State death tax credit Amount 64,010
Net estate tax Number 553
Net estate tax Amount 267,381

Source: Internal Revenue Service, Statistics of Income Division, Unpublished Data, April 2003.
 

Our Alabama Estate Planning Attorneys can help you decide how best to transfer property, and how to resolve other personal matters including tax planning. Estate-planning lawyers can also help you with the most important part of the estate planning process: Making a will.

If you don’t have a will, the state of Alabama will control who gets your property by default. While most states have their own unique laws descent and property distribution, most states give your children priority when it comes to doling our your possessions.

State laws are modeled after what the legislature thinks most people will want to do, but whatever the laws say might not be in line with your wishes. An estate-planning lawyer can help you draft a will that explains your wishes in great detail.

Our Alabama Estate Planning Attorneys can also help you set up a trust. A trust holds your property until your death and then disperses the property according to your wishes. Trusts can can be created by your will, or the can be revocable or irrevocable.

Most parents use trusts to better prepare for their children’s needs at the time of their death.

Issues and topics related to Alabama Estate Planning include:

  • Wills and Trusts
  • Uniform Probate Code
  • Gift Tax
  • Asset Protection
  • Personal Finances
  • Pensions

Contact our Alabama Estate Planning attorney now to receive a professional consultation.

 
Alabama Audio & Video    
 
  Pensions and the Future of Savings
Audio, RM, 44 Kbps, 8:46, 11/17/2004

Pension plans were once considered a good bet for a comfortable retirement -- but these days it can all seem like a gamble. Major companies are defaulting on their pensions, and it's not clear who's going to pick up the tab. We discuss the future of pensions.
Source: National Public Radio
 
 
Alabama External Sites    
 
 

THIS SEARCH THIS DOCUMENT THIS CR ISSUE GO TO Next Hit
... tax and estate planning and administration, business dispute resolution, ... I am glad to see the senior Senator from Alabama in the Senate today
Alabama Credit Union Administration Regulations Section
Alabama be licensed by the Alabama Real Estate Appraisers Board to comply with ... compensation, and other personnel benefit plans;. (2) Estate plann

 


  Newsroom  
 


Latest news about Financial & Estate Planning in Alabama and nationwide:

Health Care Power Of Attorney
In addition to a Health Care Power of Attorney, another document, known as a Living Will, is used to plan future health care choices. The Health Ca...
Read more >


Economic Benefits Of Estate Tax Repeal Should Be Made Permanent
WASHINGTON, D.C. - The positive effects of repealing the estate tax should be made permanent, Vice Chairman Jim Saxton said today in releasing a ne...
Read more >


New Tax Laws Offer NewWays To Save
Evaluate your income, find out your tax bracket and seek ways to keep it low

HUMBERTO CRUZ Tribune Media Services

It was important ...

Read more >


More Estate Planning News >

 
 

Estate Planning Terms

 


Today's Terms

Federal Estate Taxes

Definition:
Taxes imposed by the US Government on the value of a person's estate upon his or her death.

Exemption Credit

Definition:
The amount of tax credit, similar in nature to the personal income tax exemption, applied to the transfer tax due at a person's death.

Devise

Definition:
A gift made by a will or a trust. A devise is made to a beneficiary under the terms of the will or trust.

More Estate Planning Terms >

 

Estate Planning Resources

 


Search Estate Planning resources in our resource center:

More Resources >

Estate Planning Hot Topics

 
Topics Related to Estate Planning:

  • Trusts
  • Wills
  • Uniform Probate Code
  • Gift Tax

More Estate Planning Topics >

Alabama Estate-Planning Attorney

 
If you live in the following cities and need an Estate-Planning attorney you should contact our Estate-Planning Attorney as soon as possible:

  • Alabaster
  • Albertville
  • Alexander City
  • Anniston
  • Athens
  • Atmore
  • Auburn
  • Bay Minette
  • Bessemer
  • Birmingham
  • Cullman
  • Daphne
  • Decatur
  • Dothan
  • Enterprise
  • Fairhope
  • Florence
  • Fort Payne
  • Gadsden
  • Hartselle
  • Huntsville
  • Madison
  • Mobile
  • Montgomery
  • Opelika
  • Ozark
  • Pelham
  • Phenix City
  • Pinson
  • Prattville
  • Selma
  • Sylacauga
  • Talladega
  • Theodore
  • Trussville
  • Tuscaloosa
  • Wetumpka
 


Legal Disclaimers
All attorney listings are a paid attorney advertisement, and do not in any way constitute a referral or endorsement by an approved or authorized lawyer referral service. The information provided on Alabama Estate Planners.com is not intended to be legal advice, but merely conveys general information related to legal issues commonly encountered. Your access to and use of this website is subject to additional Terms and Conditions.

Local Professional? Generate new business today
Call 866-227-9356 or contact a sales rep


This site is part of the LawFirms.com Network
©2010 ExpertHub, wholly owned subsidiary of MoxyMedia, Inc.