A trust acts as a legal vessel that holds property, stocks, financial accounts, etc. This vessel is created by mutual agreement of the trust maker, trustee, and beneficiaries. In the State of Alabama, the rules of the trust apply to all property that is placed into the trust.
There are many different types of trusts that achieve various goals – including living trusts, revocable trusts, irrevocable trusts, and more. If you or a loved one are interested in protecting your assets, avoiding probate, and managing property via a trust, contact an estate planning attorney at the law firm of Crumbley-Blackwell-Price today. During your initial consultation, we’ll review the different types of trusts and assess which works best for your situation. Call today (256) 539-4464 or complete an case evaluation form to get started.
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