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Trusts


Moving Property In and Out of an Irrevocable Trust.
An irrevocable trust can offer real planning benefits, but moving assets in or out later usually requires careful steps. Learn the basics before you meet with counsel.
Tim McCollum
May 183 min read


Using a Closely Held LLC to Gift Ownership Interests to Children: A Strategic Exit and Estate Planning Guide
Decisions about ownership, governance, and succession affect both the future of the business and the family legacy attached to it. When structured carefully, an LLC can serve as a flexible vehicle for transferring wealth incrementally, preparing the next generation for ownership, and minimizing disruption to operations.
Tim McCollum
Apr 94 min read


Family & Legacy Trusts in Alabama: A Guide to Protecting Your Wealth Across Generations
Family and legacy trusts empower Alabama families to protect assets, simplify estate administration, and preserve wealth for future generations. Learn how these powerful estate‑planning tools can reflect your values while creating stability, privacy, and long‑term financial security.
Tim McCollum
Apr 23 min read


Why Your Living Trust Still Needs a Pour-Over Will
A pour-over will acts as the essential safety net for your living trust, catching overlooked assets and funneling them into your trust to avoid probate chaos and unintended heirs.
Tim McCollum
Mar 194 min read


From Ethical Hunting to Legal Safety: Using a Gun Trust for Your Suppressed Rifle
Suppressed firearms are not just in the movies. A friend of mine lives in a rural lakeside neighborhood. Deer are abundant and have historically caused numerous serious injury accidents, including at least one death and one being partially paralyzed.
Tim McCollum
Dec 15, 20253 min read


Trust vs LLC: Choosing the Right Tool for Estate Planning and Family Business Succession
In recent years, individuals have often come to me with questions about whether to place property in a trust or form an LLC.
Tim McCollum
Oct 27, 20253 min read


Funding Your Special Needs Trust: A Guide for Parents and Guardians
I recently had a client who wanted to develop a Special or Supplemental Needs Trust for the child. For parents and guardians seeking to provide financial protection for a child with special needs, establishing a Special Needs Trust (SNT) is a crucial step.
Tim McCollum
Jun 18, 20251 min read
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