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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...
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.
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.
