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Posts in Estates
Interesting Facts on the Estate Tax

Interesting Estate Tax Facts.  The federal estate tax is a tax on property (cash, real estate, stock, or other assets) transferred from deceased persons to their heirs. Only the wealthiest estates pay the tax because it is imposed only on the portion of an estate’s value that exceeds a specified exemption level — $5.43 million per person (effectively $10.86 million per married couple) in 2015.

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Alabama Intestate Law

When a person dies intestate, the Alabama laws of intestacy will kick in to provide for distribution of the intestate decedent’s assets.  This scheme of distribution may be referred to as intestate succession, intestate distribution or the laws of intestacy.  These laws represent the Alabama legislature’s best guess as to what most people would want to happen to their assets.

 

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