Adamsville Estate Lawyer, Alabama

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Ferris Ritchey
About | Practice Areas
Ritchey & Ritchey
1740 Oxmoor Road Birmingham, AL 35209» view map
Estate Planning, Wills & Probate, Elder Law
Small Firm Attention. Large Firm Capability.

Ritchey & Ritchey, one of the oldest law firms in Birmingham as well as Alabama, was founded in 1959 on a simple premise: provide clients with guidance and expertise.

205-271-3100
1. Ferris Ritchey Birmingham, AL
  Attorney at Law- AL, 1984
  University of Alabama School of Law, J.D. 1984
2. AboutRitchey & Ritchey
  Small Firm Attention. Large Firm Capability.
3. Practice AreasExpertise
  Estate
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Julian Mardel Hendrix

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Criminal, Divorce & Family Law, Personal Injury, Wills & Probate

Julian Hendrix is a practicing lawyer in the state of Alabama. Attorney Hendrix received his J.D. from the Birmingham School of Law.

CONTACT

800-689-2871

P.O. Box 856, Fairfield, AL 35064

Bert Sheffield Nettles

Real Estate, International, Estate

Status: In Good Standing Licensed: 65 Years

CONTACT

1200 Beacon Pkwy E, Birmingham, AL 35209

Alfred Patrick Ray

Landlord-Tenant, Immigration, Social Security, Estate

Status: In Good Standing Licensed: 31 Years

CONTACT

213 Fairlane Dr, Birmingham, AL 35209

Stephen Lawrence Sexton

Government, Estate, Criminal

Status: In Good Standing Licensed: 42 Years

CONTACT

4 Glen Iris Park S, Birmingham, AL 35205

Martha Jarrett Clayton

Government, Estate, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 29 Years

CONTACT

105 Edgemont Dr, Birmingham, AL 35209

Ida Lou Tyree-hyche

Status: In Good Standing Licensed: 14 Years

CONTACT

1820 7Th Ave N, Birmingham, AL 35203

Joel Ray Blankenship

Real Estate, Estate, Employment Discrimination, Business

Status: In Good Standing Licensed: 15 Years

CONTACT

1005 Queensbury Rd, Birmingham, AL 35209

Izas Bahakel

Real Estate, Estate, Divorce & Family Law, Business

Status: In Good Standing Licensed: 68 Years

CONTACT

2131 12th Ave N, Birmingham, AL 35234

Gloria Teresa Bahakel

Real Estate, Estate, Divorce & Family Law, Accident & Injury

Status: In Good Standing Licensed: 37 Years

CONTACT

2131 12th Ave N, Birmingham, AL 35234

G. Alicia Jett

Real Estate, Wills & Probate, Personal Injury, Accident & Injury

Status: In Good Standing Licensed: 14 Years

CONTACT

517 Beacon Pkwy W, Birmingham, AL 35209

800-923-0641

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LEGAL TERMS

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

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Adamsville Estate Lawyer, Alabama

Sponsored Law Firm

Ritchey & Ritchey

SPONSORED LAWYERS

Julian Mardel Hendrix

Bert Sheffield Nettles

Alfred Patrick Ray

Stephen Lawrence Sexton

Martha Jarrett Clayton

Ida Lou Tyree-hyche

Joel Ray Blankenship

Izas Bahakel

Gloria Teresa Bahakel

G. Alicia Jett

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LEGAL TERMS

INCOMPETENCE

SPENDTHRIFT TRUST

AB TRUST

RESIDUARY BENEFICIARY

TRUST MERGER

BENEFICIARY

GRANTOR

SUCCESSOR TRUSTEE

CHARITABLE TRUST

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