Fairfield 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

Stephen Hasty Jones

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Bankruptcy & Debt, Divorce & Family Law, Accident & Injury, Personal Injury, Estate

Attorney Stephen H. Jones has been in the practice of Law for over 20 years.

CONTACT

800-602-7001

1714 4th Ave N, Bessemer, AL 35020

David Elliott Hodges

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Estate, Business, Limited Liability Companies, Wills & Probate, Transactions

It's essential for your business to have an attorney you can trust. Not only do you need to protect your brand, but you want to know you're making a s... (more)

FREE CONSULTATION

CONTACT

205-281-2031

600 20th Street N., Birmingham, AL 35203

Josh J. Mitchell

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Bankruptcy & Debt, Personal Injury, Divorce & Family Law, Estate

Serving Birmingham With Integrity

Josh Mitchell graduated from Jacksonville State University in 1996 and studied law at the Birmingham School of Law where he graduated in 2000. He was... (more)

FREE CONSULTATION

CONTACT

800-730-2571

2017 2nd Ave N, Birmingham, AL 35203

Ferris S. Ritchey

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Estate, Estate Planning, Wills & Probate, Mediation, Elder Law

Ferris Ritchey has over 35 years of experience in a wide range of legal matters with an emphasis on Domestic Relations, Mediation, Collaborative, Prob... (more)

CONTACT

205-271-3100

1740 Oxmoor Rd, Birmingham, AL 35209

Louis James Willie

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Criminal, Divorce & Family Law, Lawsuit & Dispute, Estate

Louis James Willie III is an attorney, consultant, and former TV producer. Willie is the son of former Booker T. Washington Insurance Company execu... (more)

FREE CONSULTATION

CONTACT

205-326-4146

2112 11th Ave S, Birmingham, AL 35205

Joseph Paul Lynn

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Estate, Divorce & Family Law, Business, Lawsuit & Dispute

Our Clients Are Our Top Priority

Attorney Paul Lynn loves helping people from all backgrounds and all walks of life. Whether he is working on a class action, commercial, or personal i... (more)

CONTACT

205-428-4810

5219 Park Side Circle, Birmingham, AL 35244

Bruce Allen Burttram

Family Law, Wills & Probate, Premises Liability, Ethics

Status:

FREE CONSULTATION

CONTACT

3414 Old Columbiana Road, Birmingham, AL 35226

Max C Pope

Estate, Child Custody, Insurance, Bankruptcy

Status:

FREE CONSULTATION

CONTACT

1929 3rd Avenue North, Birmingham, AL 35203

Robin A. Mahan

Family Law, Divorce, Wills & Probate, Bankruptcy

Status:

CONTACT

2057 Valleydale Road, Birmingham, AL 35244

800-814-6700

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LEGAL TERMS

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

ENTITY

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from i... (more...)

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

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.

FUNDING A TRUST

Transferring ownership of property to a trust.

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.

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.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

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Fairfield Estate Lawyer, Alabama

Sponsored Law Firm

Ritchey & Ritchey

SPONSORED LAWYERS

Julian Mardel Hendrix

Stephen Hasty Jones

David Elliott Hodges

Josh J. Mitchell

Ferris S. Ritchey

Louis James Willie

Joseph Paul Lynn

Bruce Allen Burttram

Max C Pope

Robin A. Mahan

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LEGAL TERMS

GENERATION-SKIPPING TRUST

PRETERMITTED HEIR

ENTITY

AUGMENTED ESTATE

SPECIFIC BEQUEST

FUNDING A TRUST

AB TRUST

INHERITANCE TAXES

GRANTOR RETAINED INCOME TRUST

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