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How Often Do You Need to Update Your 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 is easy to procrastinate. A common weapon I see in the estate planning procrastination arsenal is the over-exaggeration of the information needed to prepare an estate plan. With the understanding that it’s easy to procrastinate, one of our goals is to make it easy to get your planning done.
What is Incapacity?
What is Incapacity? The general idea of incapacity is a lack of sufficient understanding or capacity to make or communicate responsible decisions stemming from a variety of reasons. In the context of financial decision making, the general idea of incapacity is an inability to manage assets or financial/business affairs. As life expectancies increase, our expectation, and what we typically plan for, is that incapacity would normally manifest from illnesses or cognitive decline brought about by advanced age.
Are Handwritten Wills Valid in Alabama?
A handwritten last will and testament created in Alabama is not automatically invalid, but the will must meet the same requirements of any other will. Alabama does not relax the attestation, witness and other statutory requirements and signing formalities for handwritten wills. In other words a handwritten last will and testament created in Alabama, when it comes to the statutory execution requirements, is not treated differently than any other type of will.
