Fairfield Estate Lawyer, Alabama, page 8

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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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Susan Joan Watterson

Military & Veterans Appeals, Real Estate, International, Estate

Status: In Good Standing Licensed: 45 Years

CONTACT

Birmingham, AL 35253

Twala Grant Wallace

Lawsuit & Dispute, Estate, Workers' Compensation, Adoption, Accident & Injury

Status: In Good Standing Licensed: 32 Years

CONTACT

Birmingham, AL 35259

Summer Gomillion Walker

Estate, Family Law, Divorce & Family Law

Status: In Good Standing Licensed: 20 Years

CONTACT

Birmingham, AL 35201

Phillip James Sarris

Real Estate, Trusts, Wills & Probate

Status: In Good Standing Licensed: 61 Years

CONTACT

1845 Montclaire Dr, Birmingham, AL 35216

Terri Dobell Mcclung

Accident & Injury, Divorce & Family Law, Estate, Lawsuit & Dispute

Status: In Good Standing Licensed: 39 Years

CONTACT

300 Montgomery Hwy, Birmingham, AL 35216

Jack William Monroe

Corporate Tax, Tax, Gift Taxation, Estate

Status: In Good Standing Licensed: 58 Years

CONTACT

2013 Kentucky Ave, Birmingham, AL 35216

Leatha Kay Gilbert

Estate Planning, Estate, Insurance, Corporate

Status: In Good Standing Licensed: 25 Years

CONTACT

3410 Independence Dr, Birmingham, AL 35209

Kendall Walton Maddox

Estate

Status: In Good Standing Licensed: 36 Years

CONTACT

2550 Acton Rd, Birmingham, AL 35243

Brian DeMarco

Power of Attorney, Estate, Family Law, Divorce & Family Law

Status: In Good Standing Licensed: 12 Years

FREE CONSULTATION

CONTACT

3536 Valley Circle, Birmingham, AL 35244

Jon Jackson Rutledge

Real Estate, Trusts

Status: In Good Standing Licensed: 24 Years

CONTACT

300 Vestavia Pkwy, Birmingham, AL 35216

800-923-0641

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LEGAL TERMS

FAMILY POT TRUST

See pot trust.

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.

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.

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).

PERSONAL PROPERTY

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, p... (more...)

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, patents, pets and season baseball tickets are all examples of personal property. Personal property may also be called personal effects, movable property, goods and chattel, and personalty. Compare real estate.

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

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.

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a beneficiary.

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Fairfield Estate Lawyer, Alabama, page 8

Sponsored Law Firm

Ritchey & Ritchey

SPONSORED LAWYERS

Susan Joan Watterson

Twala Grant Wallace

Summer Gomillion Walker

Phillip James Sarris

Terri Dobell Mcclung

Jack William Monroe

Leatha Kay Gilbert

Kendall Walton Maddox

Brian DeMarco

Jon Jackson Rutledge

TIPS

LEGAL TERMS

FAMILY POT TRUST

AUGMENTED ESTATE

REAL ESTATE AGENT

CHARITABLE TRUST

PERSONAL PROPERTY

PROPERTY CONTROL TRUST

RULE AGAINST PERPETUITIES

SPENDTHRIFT TRUST

DISTRIBUTEE

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