Estate Planning Advice for Today and Tomorrow
Your estate plan is your action plan to manage your affairs both today and in the future. Guided by your specific goals, we examine your finances, tax situation, life plan, health, long-term care challenges, and any applicable government benefits. We will give you and your family personal attention when setting up or updating your estate plan.
John Holliman and Melanie B. Holliman (formerly Melanie B. Bradford) have decades of combined estate planning experience in Birmingham and Scottsboro, Alabama. And our staff treats you like family.
Do You Need an Estate Plan?
Yes, no matter your age or wealth. A properly executed estate plan puts you in control of your assets and their eventual transfer to your heirs or others. We can help you learn what you can achieve with various estate planning tools and make sure that your family as clear directions. If you have no will, the Alabama government is involved in distributing your estate through probate . . .which may not be what you prefer.
Estate Planning Law
Today families often evolve into blended families so your estate plan should address ex-spouses, former in-laws, ex-grandparents, and stepchildren who deserve protection and to get what you intend both now and when you're gone. Consider which aspects of estate planning apply to your current situation:
Asset Protection – It is not just for the wealthy. You need asset protection if you own a home, an individual retirement account (IRA), life insurance, or investment or savings accounts in order to avoid creditor predators and financial hardships.
Estate Tax Planning and Gift Tax Planning – You should not assume that your heirs will not be affected by an estate tax (or death tax) just because of current tax laws. let us explain the tax implications of your current estate plan and share legal methods to address your specific situation.
Special Needs Planning – If you want your assets used to care for a disabled person after you're gone, let's discuss a special needs trust to complement the disabled person's government benefits.
Trusts - Trusts are often a better option than wills. Together, we can create a trust that benefits you and your family during your life and then distributes assets to your children or others after your death. Trusts are not part of your estate, so they remain private and are not probated.
Wills - A properly drafted will ensures that your wishes rather than the Alabama laws dictate how your estate is settled during probate. Wouldn't you rather decide who gets what?
Contact Us For Peace of Mind
With a newly updated estate plan, you can enjoy the peace of mind that you have protected your family, your assets, minimized your taxes and planned your estate according to your wishes in case you become incapacitated or pass away.
Call us today at 205-663-0281 for a free consultation with either John Holliman or Melanie B. Holliman. We treat you like family by using estate planning law to take care of your nest egg and your loved ones.