by Brenton McWilliams | Blog, Estate Planning, Wills and Trusts
Author: Brenton McWilliams What information do I need to begin preparing my Estate Plan? Nothing. Well, not nothing, but certainly less information than most people think they need to begin the process of preparing their will or trust. For most people, estate planning...
by Brenton McWilliams | Estate Planning, Wills and Trusts
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...
by Brenton McWilliams | Estate Planning, Wills and Trusts
Author: Brenton McWilliams Is Your Alabama Trust Funded? If you are using a revocable trust for your estate plan, the trust should be funded. When using a revocable trust for an estate plan, typically, one of the primary goals is avoiding the need to file an estate in...
by Brenton McWilliams | Estate Planning, Wills and Trusts
Author: Brenton McWilliams What is the spousal elective share in Alabama? The spousal elective share is the right of a surviving spouse to claim a certain portion of their spouse’s estate on the death of the spouse. In other words, when one member of a married couple...
by Brenton McWilliams | Estate Planning
Author: Brenton McWilliams In this post, I provide a list and explanation of 58 commonly used terms in estate planning and estate administration. Accounting: A report of transactions taking place during a certain time period. An accounting may be provided to the court...