Legal Question in Wills and Trusts in Alabama

Interesting question. Make sure you don't "over insure" yourself. My father used to say, "you don't want insurance for falling out of bed". Meaning, some risks are worth taking on yourself, or "self-insuring". If you don't have insurance to pay off the mortgage, your parents would get the house with the mortgage on it. But if what you are trying to do is "leave your parents something" as oppossed to "leaving them that specific house", then you may just want to purchase an inexpensive term life policy and name them the beneficiaries. That way, they could decide whether they wanted the house enough to pay the mortgage, or simply take the insurance proceeds, and if your estate has nothing else in it, let the house go back to the mortgage holder and not be bothered with having to sell the house, etc. Call us if we can help. This response is to provide general information, is not legal advice, is not intended to constitute legal advice to the reader and should not be relied on as such, nor is it intended to create an attorney-client relationship. ALABAMA RULES OF PROFESSIONAL CONDUCT REQUIRES THE FOLLOWING STATEMENT: "No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers."