Magnolia Springs Estate Lawyer, Alabama

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T. Deven Moore

Estate Planning, Wills & Probate, Real Estate, Tax
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Timothy C. Kingston

Divorce & Family Law, Estate, Bankruptcy & Debt, Collection, Landlord-Tenant
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  32 Years

Steve Reynolds Graham

Real Estate, Estate
Status:  Inactive *Status is reviewed annually. For latest information visit here           Licensed:  48 Years

Deepti Asthana

Estate, DUI-DWI, Business, Personal Injury
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  13 Years

Wilburn Donald Bolton

Lawsuit & Dispute, Criminal, Bankruptcy, Accident & Injury, Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  47 Years

Moses Mortimer Swaim

Lawsuit & Dispute, Government, Estate, Business
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  41 Years

Stephen Mark Middleton

Real Estate, Trusts, Workers' Compensation, Medical Malpractice
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  37 Years

Noel Branham Leonard

Lawsuit & Dispute, Estate, Business
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Marlene Anne Lay

General Practice
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  20 Years

Heather Collier

Immigration, Estate, Divorce & Family Law, Criminal
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  16 Years

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LEGAL TERMS

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)
For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)
The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

TITLE COMPANY

A company that issues title insurance.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)
The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)
Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

TAKING AGAINST THE WILL

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property.... (more...)
A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property. The surviving spouse can take that share instead of accepting whatever he or she inherited through the deceased spouse's will. If the surviving spouse decides to take the statutory share, it's called 'taking against the will.' Dower and curtesy is another name for the same legal process.

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)
Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

MARITAL LIFE ESTATE TRUST

See AB trust.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)
A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

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