§ 43-6-2 Notice by representative
§ 43-6-3 Contents of notice
§ 43-6-4 Disposition of personalty when no heir appears
§ 43-6-5 Disposition of real estate when no heir appears
§ 43-6-6 Decree against personal representative for failure to pay over proceeds
§ 43-6-7 Payment of receipts to state treasurer
§ 43-6-8 Action by state to recover personal property distributed without authority
§ 43-6-9 Duty of probate judge to attend to interest of state

Terms Used In Alabama Code > Title 43 > Chapter 6

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Decedent: A deceased person.
  • Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. Source: OCC
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Probate: Proving a will
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.