Huntsville Wills & Trusts Lawyer Protects Your Personal Interests and Your Family’s Future
Showing you how wills and trusts can benefit your loved ones
It is important to ensure that your property and assets are distributed in a manner of your choosing. Valid wills and trusts are powerful legal tools that protect your family members and provide for their future. At Sree B. Ravi, P.C., Attorney at Law, we give you the information and resources you need to take control of your estate now and in the future. Wills are not reserved for individuals with vast wealth or significant assets. Every individual has a right to determine how personal property is distributed upon death.
What are the requirements for a valid will in Alabama?
There are several specific requirements that must be met for an Alabama court to recognize a will. For a will to be valid:
- The testator, the person making the will, must be at least 18.
- The testator must be capable of making reasonable decisions.
- The testator must sign the will or direct another person to sign the testator’s name while in the presence of the testator.
- The will must be in writing.
A will can stipulate the division of property, both real and personal, to anyone the testator chooses, and the testator may make revisions to an executed will at any time with an additional document called a codicil. A testator may also revoke a will through express terms or conflicting terms or by burning, tearing, canceling, obliterating or otherwise destroying it with the intent and purpose of revoking it.
What will happen to my property if I die without a will?
Persons who die without a validly executed will are considered to have died intestate. State intestacy laws govern how the decedent’s property is distributed in these cases, but the property would be subject to strict laws and the estate would be managed by someone with no connection to the deceased. An experienced wills attorney can ensure that your property is distributed according to your wishes.
What is a living trust?
A living trust is created while you are alive. You can transfer legal title to property to a trustee for the benefit of another person and act as the trustee and maintain full control over your property until your death. Property in a trust is not required to go through Alabama’s complicated, lengthy and expensive probate process. However, you still need a will to establish how you want property that is not in trust distributed at the time of your death.
Trusts can be created for many different reasons. For example, a special needs trust can provide support for a loved one with a disability after your death, and charitable trusts are often created for the benefit of an organization the deceased supported in life.
Contact a Huntsville wills and trusts law firm for your estate planning needs
At Sree B. Ravi, P.C., Attorney at Law, we work collaboratively with our clients to develop strong legal strategies for the future. Our office is located in Huntsville. Call us at 256-690-6044 or contact us online to schedule a free initial consultation.