Magnolia Springs Wills & Probate Lawyer, Alabama

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Includes: Estate Administration, Living Wills, Wills

Michael S McNair Lawyer

Michael S McNair

VERIFIED
Divorce & Family Law, Wills & Probate
We Believe In Personal Service To Our Clients

When M. S. McNAIR, ATTORNEY AT LAW, P.C. was established, there was one thought on our mind: to offer accessible, personalized legal services to the c... (more)

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CONTACT

251-450-0111

Deena R. Tyler

Wills & Probate
Status:  In Good Standing           

T. Deven Moore

Estate Planning, Wills & Probate, Real Estate, Tax
Status:  In Good Standing           

Abbey Lee Johnston

Traffic, Immigration, Wills & Probate, Criminal, Consumer Rights
Status:  In Good Standing           Licensed:  10 Years

Austin Smitherman Prestwood

Power of Attorney, Real Estate, Defect and Lemon Law, Wills & Probate
Status:  In Good Standing           Licensed:  15 Years

Brennan Ross Clifton

Wills & Probate, Child Custody, Divorce, Estate, Criminal
Status:  In Good Standing           Licensed:  8 Years

FREE CONSULTATION 

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Chadrick Wayne Milam

Wills & Probate, Estate Planning, Divorce & Family Law, Business, Accident & Injury
Status:  In Good Standing           Licensed:  15 Years

Charles Bennett Long

Wills & Probate, Criminal, Defamation & Slander
Status:  In Good Standing           Licensed:  19 Years

David Erickson Hudgens

Real Estate, Wills & Probate, Estate, Contract
Status:  In Good Standing           Licensed:  42 Years

David Seth Furman

Immigration, Wills & Probate, Child Custody, Criminal
Status:  Inactive           Licensed:  29 Years

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LEGAL TERMS

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)
Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property per capita, Julie and the two grandchildren will each take a third. If, on the other hand, Fred's will states that heirs of a deceased beneficiary are to receive the property per stirpes, Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation).

REAL ESTATE AGENT

A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must hav... (more...)
A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must have a state license and be supervised by a real estate broker. Most agents are completely dependent upon commissions from sellers for their income, so it pays to find out which side the agent represents (buyer, seller or both) before you place too much trust in the agent's opinion.

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)
The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

SURROGATE COURT

See probate court.

DEED OF TRUST

See trust deed.

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)
The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

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.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)
Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

SAMPLE LEGAL CASES

Williams v. Lollar

... Leo L. Williams ("Leo") was the proponent of the will and sought to have the will probated in the Jefferson County Probate Court ("the probate court"). During ... estate. In the probate court, the Lollars successfully contested the will. ...

Ex parte AMP

... BOLIN, Justice. AMP, the biological mother of SLS ("the mother"), filed a petition for a writ of mandamus, seeking an order setting aside the probate court's interlocutory order granting the petition of the foster parents, EWH and SMH, to adopt SLS ("the child") (case no. 1061010). ...

IN RE BERRY

... the Berrys") petition this Court for the writ of mandamus directing Cullman Circuit Court Judge Don L. Hardeman to grant the Berrys' motion for the dismissal of the administration of the estate of Vera H. Berry, which had been removed from the Cullman County Probate Court. ...