Probate & Estate Planning in Alabama: Myths vs. Reality

Episode Summary:

In this episode of The Legacy Cast, host Kevin Rosenquist and Michael W. Kelley discuss probate in Alabama, addressing common misconceptions and providing practical insights about estate planning. They explore various methods to avoid probate, the importance of proper trust funding, and potential pitfalls in estate planning decisions.

 

Key Timestamps:

00:01 - Show Introduction

00:30 - Definition of Probate

01:33 - Common Misconceptions about Probate

03:00 - Risks of Gifting Property Before Death

05:31 - Legal Ways to Pass Real Estate Outside of Probate in Alabama

07:24 - Living Trusts and Probate Avoidance

09:56 - First Steps for Estate Planning

11:29 - Assets That Bypass Probate

14:48 - Importance of Tailored Estate Planning

 

About the Show:

The Legacy Cast by Kelley Legacy Law features founder Michael W. Kelley and focuses on helping families enhance their lives today and secure their futures tomorrow. The show provides valuable insights into estate planning, probate, and legacy protection in Alabama.