Alabama

  Estate Planning Attorney.
HOME ABOUT US FAQ'S RESOURCES CONTACT US FREE CASE REVIEW
August 24, 2010
Estate-Planning
             
 
Selecting a financial planner for your financing is a very important decision. Please enter your information below to locate a qualified financial planner in your area
 
Zip Code:   
 

Estate Planning News

 

 

Living-Wills Legislation Gains Broad Support

WASHINGTON - There's growing support among Democrats and Republicans in Congress, and key advocacy groups, including the AMA, to pass legislation to make it easier for Americans to get and fill out advance directives.

Given recent tragic events and a study showing that only one in five Americans have living wills, Senators Bill Nelson (D-FL) and Hillary Rodham Clinton (D-NY) today called upon their colleagues to act on Nelson's Senate measure. And Representative Sander Levin (D-MI) announced plans to introduce a companion bill in the House.

"If there is a lesson to be learned from the tragic events of the past few weeks, it is the importance of having a living will," said Clinton, at a Capitol Hill news conference with Nelson and other lawmakers. "It's not an easy thing to confront one's own mortality, but it's essential that people face these issues now so that their loved ones have a clear understanding of their wishes. A living will gives voice to the will of a loved one."

"This legislation is an important next step to ensure that a person's advance directive is known and respected," said Levin, who coauthored a law in 1990 requiring hospitals and others to inform patients about living wills. "It has become increasingly clear that the public needs and wants more information in order to make their own personal decision about end-of-life care."

Nelson's legislation would cover a doctor visit for Medicare beneficiaries to discuss end-of-life medical preferences. It also would fund a public-education campaign under the Department of Health and Human Services to increase awareness of living wills among Americans of all ages.

"Although Terri Schiavo wasn't able to speak, she was able to educate an entire nation about the need to spell out their wishes in a living will," Nelson said. "Congress should make it easier for all Americans to complete this important document."

In addition to Senators Nelson and Clinton, Senators Dick Lugar (R-IN), Jay Rockefeller (D-WV), Jeff Bingaman (D-NM), Tim Johnson (D-SD) and Susan Collins (R-ME) are co-sponsoring the bill. Representatives Vic Snyder (D-AR) and Benjamin Cardin (D-MD) are joining Levin's effort in the House.

"Though it is a difficult subject for both you and your family, it is necessary to discuss end-of-life decisions," said Snyder, a family physician. "With the right information and guidelines, creating advance directives now can help you, your family, and your doctor in the future."

Contact our Alabama estate planning attorney now.

 
Did You Know?    
 
 
The costs and expenses of a conservatorship are paid by your estate
A CONSERVATORSHIP is if you suffer from an incurable disease or are involved in a debilitating accident and are unable to manage your own affairs, state law might require someone to go to court to have a conservator appointed by the court. The conservator is given the authority to make financial decisions and handle your financial affairs, under court supervision, when you lack the capacity to manage them on your own.

 


  Newsroom  
 


Latest news about Financial & Estate Planning in Alabama and nationwide:

Attorney General Takes Action Against Estate Planning Company
Attorney General Hardy Myers today warned older Oregonians about being targets of "living trust mills" and announced the filing of a court action a...
Read more >


Permanent Tax Reductions Seen As Most Stimulative
WASHINGTON, D.C. - Permanent tax reductions would offer more economic stimulus than would temporary tax relief measures, according to a new study r...
Read more >


Planning Your Estate
A primary purpose of estate planning is to distribute your assets according to your wishes after your death. Successful estate planning transfers y...
Read more >


More Estate Planning News >

 
 

Estate Planning Terms

 


Today's Terms

Gain

Definition:
The difference between the Tax Basis (the amount originally paid for property with certain adjustments) and the amount received for the property when it was sold.

Estate

Definition:
The total of all assets, all debts and other obligations of an individual. At the time of death the total amount of benefits (life insurance, annuity and retirement benefits) to be paid to beneficiaries are often also considered part of the estate for Federal Estate Tax purposes

Probate

Definition:
The process through which the legal title to property is transferred from a decedent to the beneficiaries. If a person dies with a will (testate), the probate court determines if the will is valid, hears any objections to the will, orders that creditors be paid and supervises the process to assure that property is distributed by the Personal Representative or Executor according to the terms of the will. If a person dies without a will (intestate) the probate court appoints an Administrator who receives all claims, pays creditors, and then distributes all property according to the laws of the state.

More Estate Planning Terms >

 

Estate Planning Resources

 


Search Estate Planning resources in our resource center:

More Resources >

Estate Planning Hot Topics

 
Topics Related to Estate Planning:

  • Trusts
  • Wills
  • Uniform Probate Code
  • Gift Tax

More Estate Planning Topics >

Alabama Estate-Planning Attorney

 
If you live in the following cities and need an Estate-Planning attorney you should contact our Estate-Planning Attorney as soon as possible:

  • Alabaster
  • Albertville
  • Alexander City
  • Anniston
  • Athens
  • Atmore
  • Auburn
  • Bay Minette
  • Bessemer
  • Birmingham
  • Cullman
  • Daphne
  • Decatur
  • Dothan
  • Enterprise
  • Fairhope
  • Florence
  • Fort Payne
  • Gadsden
  • Hartselle
  • Huntsville
  • Madison
  • Mobile
  • Montgomery
  • Opelika
  • Ozark
  • Pelham
  • Phenix City
  • Pinson
  • Prattville
  • Selma
  • Sylacauga
  • Talladega
  • Theodore
  • Trussville
  • Tuscaloosa
  • Wetumpka
 


Legal Disclaimers
All attorney listings are a paid attorney advertisement, and do not in any way constitute a referral or endorsement by an approved or authorized lawyer referral service. The information provided on Alabama Estate Planning Attorney.com is not intended to be legal advice, but merely conveys general information related to legal issues commonly encountered. Your access to and use of this website is subject to additional Terms and Conditions.

Local Professional? Generate new business today
Call 866-227-9356 or contact a sales rep


This site is part of the LawFirms.com Network
©2010 ExpertHub, wholly owned subsidiary of MoxyMedia, Inc.