Bayou La Batre Estate Lawyer, Alabama

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David E. Hodges
About | Practice Areas
David E. Hodges, P.C.
902 Wildwood Avenue Mobile, AL 36609» view map
Estate Law
Personalized Legal Guidance

Tired of law offices that connect you with a different person every time you call? Choose David E. Hodges as your local attorney.

800-716-9530
1. David E. Hodges Mobile, AL
  Attorney at Law - AL, 1987
  Duke University J.D. 1987
2. AboutDavid E. Hodges, P.C.
  You Can't Predict the Future, But You Can Plan for It
3. Practice AreasExpertise
  Estate Law
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Michael S McNair

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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)

FREE CONSULTATION

CONTACT

251-450-0111

2151 Government Street, Mobile, AL 36606

Deena R. Tyler

Wills & Probate

Status: In Good Standing

CONTACT

1203 Dauphin Street, Mobile, AL 36604

Leah P. Ladd

Commercial Leasing, Commercial Real Estate, Gift Taxation, Estate Administration

Status: In Good Standing

CONTACT

1300 Riverview Plaza, 63 South Royal Street, Mobile, AL 36602

Derek Atchison

Corporate, Reorganization, Environmental Law Other, Trusts

Status: In Good Standing

CONTACT

3030 Knollwood Drive, Mobile, AL 36693

Angela M Cooper

Personal Injury, Bankruptcy, Employment, Estate

Status: In Good Standing Licensed: 25 Years

CONTACT

4308 Midmost Dr., Mobile, AL 36609

Mark Oliver Loftin

Estate, Real Estate, Intellectual Property, Business

Status: In Good Standing Licensed: 24 Years

CONTACT

1956 S University Blvd, Mobile, AL 36609

Susan O'brien Cumpton

International, Estate, Civil & Human Rights

Status: In Good Standing Licensed: 31 Years

CONTACT

3523 Montlimar Plaza Dr, Mobile, AL 36609

Michael Lawrence Cumpton

Estate Planning, Estate, Elder Law

Status: In Good Standing Licensed: 32 Years

CONTACT

3523 Montlimar Plaza Dr, Mobile, AL 36609

Billy Clayton Messick

Wills, Wills & Probate, Estate Planning, Estate, Criminal

Status: In Good Standing Licensed: 37 Years

CONTACT

Mobile, AL 36685

Franklin Louis Shuford

Lawsuit & Dispute, Estate, Collection, Bankruptcy & Debt

Status: In Good Standing Licensed: 34 Years

CONTACT

1110 Hillcrest Rd, Mobile, AL 36695

800-923-0641

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LEGAL TERMS

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.

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.

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.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

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.'

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

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).

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.

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Bayou La Batre Estate Lawyer, Alabama

Sponsored Law Firm

David E. Hodges, P.C.

SPONSORED LAWYERS

Michael S McNair

Deena R. Tyler

Leah P. Ladd

Derek Atchison

Angela M Cooper

Mark Oliver Loftin

Susan O'brien Cumpton

Michael Lawrence Cumpton

Billy Clayton Messick

Franklin Louis Shuford

TIPS

LEGAL TERMS

ESTATE TAXES

ENDOWMENT INSURANCE

GENERATION-SKIPPING TRANSFER TAX

INVENTORY

INCOMPETENCE

DISCHARGE (OF PROBATE ADMINISTRATOR)

ADMINISTRATION (OF AN ESTATE)

CHARITABLE TRUST

SUCCESSION

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