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Handwritten Will: A will written in the testator's own handwriting is valid in Alabama if the testator signs it or directs someone to sign it in his presence and before two witnesses.

Setting up a trust: 5 steps for grantor Decide what assets to place in your trust. Identify who will be the beneficiary/beneficiaries of your trust. Determine the rules of your trust. Select your trustee or (trustees). Draft your trust document with an attorney.

Optional Registration: While not required, you can choose to register your living trust with the county probate office where your real property is located. This can provide added public notice of the trust's existence and may be helpful in certain situations.

Alabama requires that living wills be signed in the presence of two witnesses who are not related to the individual making the living will. The living will must also be notarized.

Technically, there's no minimum amount required to create a trust—you can establish one with any amount. However, the larger your asset base, the more impactful a trust can be in achieving your financial and estate planning goals.

To create your own living trust in Alabama, you need to first create or have the trust document created for you. It must include the name of the trustee and list your beneficiary or beneficiaries. This legal document must then be signed by the settlor in front of a notary public who will notarize the signature.

Fails to Address Special Circumstances A bad trust does not account for special needs beneficiaries, blended families, or unique asset distributions. Failing to include special needs provisions may jeopardize government benefits for a disabled beneficiary.

Handwritten Will: A will written in the testator's own handwriting is valid in Alabama if the testator signs it or directs someone to sign it in his presence and before two witnesses. However, a holographic will, which is one written in the testator's handwriting but does not have witnesses, is not valid in Alabama.

Trusts offer amazing benefits, but they also come with potential downsides like loss of control, limited access to assets, costs, and recordkeeping difficulties.