The Law Offices of Brenton C. McWilliams – Blog
The Law Offices of Brenton C. McWilliams
Welcome to our blog. Here, you will find articles on topics relating to estate planning, elder law and probate.
How to Avoid Probate with Estate Planning
Author: Brenton McWilliams How to Avoid Probate with Estate Planning One of the major benefits to using a trust for estate planning is the ability to avoid the need for an estate in probate court. If the trust is created and funded properly, there is a continuity of authority over the trust property that lasts beyond the lifetime of the...
What Happens When Real Estate in an Estate or Trust has a Mortgage?
In estate or trust administration, the deceased’s residence is often the largest asset of the estate. A mortgage on the residence or other property of the estate can be a source of frustration or stress for the heirs or spouse of the deceased borrower. I put together the following blog post to provide helpful information (and to clear up misinformation) about inheriting estate property that is subject to a mortgage.
SARP Area Agency on Aging and AARP AL present Zoom series on resources from Area Agency on Aging and State of Alabama
The South Alabama Regional Planning Committee/Area Agency on Aging and AARP Alabama are collaborating on a 7-week zoom workshop series highlighting resources provided by local Area Agencies in Aging and the State of Alabama. The series will take place on Thursdays at 11AM beginning on March 18th.
What is the Compensation for Serving as an Executor or Administrator of an Estate in Alabama?
In Alabama, by statute, the maximum compensation for an executor or administrator (personal representative) of an estate in ordinary cases is two and a half percent of the value of the estate property received by the executor or administrator and two and a half percent of the value of the disbursements from the estate. Within this maximum amount, the executor or administrator is entitled to reasonable compensation for services based on a consideration of fairness
Why are a Financial Power of Attorney and Healthcare Power of Attorney Important in Alabama?
By taking action in advance, an individual can use a power of attorney to select someone they trust who will care for them and make decisions regarding finances and healthcare without the need for oversight from the court. This is what estate planning attorneys refer to as incapacity planning.
