by Brenton McWilliams | Estate Planning
Many people want to ensure their kids have what they need financially if they pass away while their children are minors. Creating a trust allows parents to set their children up for future success. When properly structured, this estate planning instrument offers...
by Brenton McWilliams | Estate Planning
As estate planning attorneys, we often get asked about the role of a trustee. It’s an important position that comes with big responsibilities. That’s why it’s important to understand what a trustee does before choosing one or agreeing to serve as one...
by Brenton McWilliams | Estate Planning
A power of attorney (POA) is a legal document that allows you to designate someone you know and trust to make decisions on your behalf when you cannot. Establishing a POA while you still have mental capacity can help avoid the need for a court-appointed conservator or...
by Brenton McWilliams | Blog, Estate Planning, Wills and Trusts
The What and Why of Right of Occupancy Trusts Jay and Gloria are a married couple who have been together for ten years. Because this is a second marriage for both Jay and Gloria, they each had children from their previous relationships. When they got married, Gloria...
by Brenton McWilliams | Blog, Estate Planning
What is Portability for Estate and Gift Tax? A common concern among our estate planning clients is whether taxes must be paid on their estate once they die. While there is no state-level estate tax in Alabama, your estate could be subject to federal estate taxes. In...
by Brenton McWilliams | Estate Planning
A living trust can be used as a tool to avoid probate and dictate how your heirs and beneficiaries will receive your assets after passing away. But life brings significant changes, which may require amending your trust agreement to reflect your current wishes. When...
