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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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2. Email
3. Refer
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Patricia Ann York Comer

Lawsuit & Dispute, Estate, Collection, Bankruptcy & Debt

Status: In Good Standing Licensed: 30 Years

CONTACT

2107 2nd Avenue North, Birmingham, AL 35203

Tiara Shay Young Hudson

Estate Planning, Family Law, Criminal, Personal Injury

Status: In Good Standing Licensed: 18 Years

CONTACT

950 22Nd Street N., Birmingham, AL 35203

Gilbert M. Sullivan Jr.

Wills & Probate, Trusts, Estate Planning, Tax

Status: In Good Standing Licensed: 43 Years

FREE CONSULTATION

CONTACT

2100 Rocky Ridge Road, Birmingham, AL 35216

James Robert Gillis

Juvenile Law, Wills, Family Law, Personal Injury

Status: In Good Standing

CONTACT

2301 Morris Ave, Birmingham, AL 35203

James R. Gillis

Juvenile Law, Wills, Family Law, Personal Injury

Status: In Good Standing

CONTACT

2301 Morris Ave, Birmingham, AL 35203

Preston Hunter Neel

Commercial Real Estate, Wills, Gift Taxation, Credit & Debt

Status: In Good Standing Licensed: 16 Years

CONTACT

2311 Highland Ave S, Birmingham, AL 35205

Sam David Knight

Tax, Litigation, Estate Planning, Personal Injury

Status: In Good Standing Licensed: 21 Years

CONTACT

2001 Park Pl, Birmingham, AL 35203

Frank Gerard Alfano

Lawsuit & Dispute, Estate, Employment, Accident & Injury

Status: In Good Standing Licensed: 41 Years

CONTACT

2323 2nd Ave N, Birmingham, AL 35203

Mark Anderson Pickens

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

Status: In Good Standing Licensed: 38 Years

CONTACT

Birmingham, AL 35259

Benjamin Howard Cooper

Employment, Employee Rights, Civil Rights, Estate Planning

Status: In Good Standing

CONTACT

Birmingham, AL 35201

800-923-0641

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LEGAL TERMS

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

FAMILY POT TRUST

See pot trust.

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

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Fairfield Estate Lawyer, Alabama, page 5

Sponsored Law Firm

Ritchey & Ritchey

SPONSORED LAWYERS

Patricia Ann York Comer

Tiara Shay Young Hudson

Gilbert M. Sullivan Jr.

James Robert Gillis

James R. Gillis

Preston Hunter Neel

Sam David Knight

Frank Gerard Alfano

Mark Anderson Pickens

Benjamin Howard Cooper

TIPS

LEGAL TERMS

TRUSTEE POWERS

INHERITANCE TAXES

FAMILY POT TRUST

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

GENERATION-SKIPPING TRANSFER TAX

IN TERROREM

SPECIFIC BEQUEST

ENDOWMENT INSURANCE

ESTATE TAXES

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