Loxley Estate Lawyer, Alabama

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Adam Shea Gober Lawyer

Adam Shea Gober

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Accident & Injury, Personal Injury, Car Accident, Medical Malpractice, Estate

I am an attorney located in the Mobile/Baldwin Area, operating a civil law practice. I am experienced and knowledgeable in matters of personal injury,... (more)

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James V. Roberts

Lawsuit & Dispute, Estate, Adoption, Divorce & Family Law
Status:  In Good Standing           

Margaret Younce Williams

Business, Estate, Bankruptcy & Debt, Real Estate, Mass Torts
Status:  In Good Standing           Licensed:  17 Years

Warren Trent Harbison

Construction, Lawsuit & Dispute, Wills & Probate, Franchising, Banking & Finance
Status:  In Good Standing           Licensed:  18 Years

Shawn T. Alves

Real Estate, Litigation, Wills & Probate, Estate Planning
Status:  In Good Standing           Licensed:  25 Years

Samuel N. Crosby

Estate Planning, Family Law, Guardianships & Conservatorships, Corporate
Status:  In Good Standing           Licensed:  46 Years

Frank T. Hollon

Estate Planning, Family Law, Criminal, Personal Injury
Status:  In Good Standing           Licensed:  36 Years

Christine Burns Segarra

Estate, Lawsuit & Dispute, Real Estate, Business
Status:  In Good Standing           Licensed:  11 Years

Michael Scott Yeager

Criminal, Employment, Estate, Lawsuit & Dispute
Status:  In Good Standing           Licensed:  11 Years

William Lee Webb

Criminal, Estate, Divorce & Family Law, Civil & Human Rights, Estate Planning
Status:  In Good Standing           Licensed:  15 Years

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Lawyer.com can help you easily and quickly find Loxley Estate Lawyers and Loxley Estate Law Firms. Refine your search by specific Estate practice areas such as Estate Planning, Trusts, Wills & Probate and Power of Attorney matters.

LEGAL TERMS

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)
A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)
A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)
Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)
In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)
Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.