A relatively new Alabama law prevents the involuntary loss of real property inherited with other family members. In order for the law to apply at least 20% of the owners must be relatives or must have acquired the land through a relative. Typically, if someone dies...
YOU DO NOT MAKE GIFTS TO A SPECIAL NEEDS FAMILY MEMBER OR FRIEND AND THIS IS WHY: Parents, grandparents, siblings, aunts, uncles and friends often want to help provide for a special needs family member or friend and often revise their Wills to provide outright...
On January 1, 2015, the new Alabama Limited Liability Company Act of 2014 (the “2014 Act”) will go into effect. Some of the more important changes we can expect to see from the 2014 Act are as follows: Oral Operating Agreements. What has been known as Operating...
What Is It? STAR ID is a program approved by Congress geared to help fight terrorism and reduce fraud throughout the country by improving the security of state-issued driver licenses and identification cards through their authentication and issuance procedure...
The Good. Up until last year the home office deduction was derived by applying a time consuming formula. It required the home owner/business owner to make calculations as to the percentage of the home that the office takes up and then allocate the cost of utilities,...
