Pleasant Grove Trusts 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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Jason E Lee

Trusts, Business, Commercial Real Estate

Status: In Good Standing Licensed: 11 Years

CONTACT

1801 5th Ave N, Birmingham, AL 35203

Melinda Lucas Peevy

Litigation, Securities, Trusts

Status: In Good Standing Licensed: 23 Years

CONTACT

1901 6th Ave N, Birmingham, AL 35203

Caroline Lewis Powell

Government Contract, Trusts, Employee Rights, Banking & Finance, Health Care Other

Status: In Good Standing Licensed: 28 Years

CONTACT

1819 5Th Ave N, Birmingham, AL 35203

Ashley Brook Burkett

Government Contract, Trusts, Employee Rights, Banking & Finance, Health Care Other

Status: In Good Standing

CONTACT

1819 5th Ave N, Birmingham, AL 35203

Philip David Deusner

Government Contract, Trusts, Employee Rights, Banking & Finance, Health Care Other

Status: In Good Standing Licensed: 13 Years

CONTACT

1819 5Th Ave N, Birmingham, AL 35203

Bradley Wayne Lard

International Tax, Trusts, Estate Planning, Estate

Status: In Good Standing Licensed: 28 Years

CONTACT

1819 5th Ave N, Birmingham, AL 35203

Charles Richard Hill

Trusts, Insurance, Corporate, Business

Status: In Good Standing

CONTACT

1819 5th Ave N, Birmingham, AL 35203

Patrick Jordan Perry

Trusts

Status: In Good Standing Licensed: 7 Years

CONTACT

1819 5th Ave N, Birmingham, AL 35203

Thomas Parker Griffin

Health Care Other, Trusts, Corporate, Credit & Debt, Litigation

Status: In Good Standing Licensed: 16 Years

CONTACT

1819 5th Ave N, Birmingham, AL 35203

Robert Harrison Adams

Trusts, Estate, Workout, Bankruptcy & Debt

Status: In Good Standing

CONTACT

2001 Park Place, Birmingham, AL 35203

800-923-0641

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LEGAL TERMS

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.

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.

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.'

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.'

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.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

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.

KINDRED

Under some state's probate codes, all relatives of a deceased person.

SAMPLE LEGAL CASES

Ex parte Synovus Trust Co., NA

... [2]. The Raineses allege that, in connection with the creation of the Robert F. Raines Management Trust and the Helen H. Raines Management Trust ("the trusts"), Mr. and Mrs. Raines each entered into an investment agreement with Synovus Trust Corporation. ...

Ex parte Byrom

... This Court held that Â§ 43-8-224 did not apply to trusts. ... We further rejected the argument that we should follow some other "jurisdictions in which courts have found that an antilapse statute, on its face applicable only to wills, reaches trusts as well." 888 So.2d at 485. ...

Regions Bank v. Reed

REGIONS BANK v. Jean W. REED, individually and as cotrustee of the Clement S. Walter Trust; Mary W. Haynes, individually and as cotrustee of the Clement S. Walter Trust; and Susan W. Stockham, individually and as trustee and cotrustee of various family trusts. ...

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Pleasant Grove Trusts Lawyer, Alabama

Sponsored Law Firm

David E. Hodges, P.C.

SPONSORED LAWYERS

Jason E Lee

Melinda Lucas Peevy

Caroline Lewis Powell

Ashley Brook Burkett

Philip David Deusner

Bradley Wayne Lard

Charles Richard Hill

Patrick Jordan Perry

Thomas Parker Griffin

Robert Harrison Adams

TIPS

LEGAL TERMS

FINAL BENEFICIARY

PERSONAL PROPERTY

INCOMPETENCE

PRETERMITTED HEIR

SPENDTHRIFT TRUST

GROSS ESTATE

INTESTATE

GENERATION-SKIPPING TRANSFER TAX

KINDRED

SAMPLE LEGAL CASES

Ex parte Synovus Trust Co., NA

Ex parte Byrom

Regions Bank v. Reed

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