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Cost of a Living Trust vs. Will in Alabama
Quick answer: In Alabama, a simple will-based plan typically costs $800 to $1,500, while a fully funded revocable living trust plan typically costs $2,500 to $5,000 or more. The will is cheaper upfront, but it does not avoid probate. Probate administration in Alabama can involve court costs, publication expenses, bond premiums when required, attorney’s fees, …
A Step-by-Step Guide to the Alabama Probate Process
Quick answer: Probate in Alabama generally follows the same path: confirm whether probate is even needed, file a petition in the county where the person lived, obtain letters testamentary, notify heirs and creditors, wait out the six-month creditor claims period, settle debts and taxes, and finally distribute the remaining assets and close the estate. Most …
What Does It Mean to Probate a Will in Alabama?
Quick answer: To probate a will in Alabama means to file it with the probate court, have it declared legally valid, and obtain the court’s authority to administer the deceased person’s estate. The process involves appointing an executor, notifying creditors and heirs, inventorying assets, paying debts and taxes, and distributing what remains to beneficiaries. Not …
