The incident occurred Sunday evening around 8:00 in the 5400 block of 25th Avenue.
Officers tell us they found 30-year-old James Bailey with a single gunshot wound. He later died from his injuries George H. Lanier Hospital.
Preliminary reports indicate Bailey was in a dispute with his grandfather, 80-year-old William Bailey. Investigators say a dispute over money led to a struggle over a handgun, which resulted in the shooting of Bailey.
The Valley Police Department, the Chambers County Coroner's Office and the Alabama Medical Examiner's Office are investigating this case.
So far, no charges have been filed.
News Leader 9 is following this story. We'll have the latest information as soon as it becomes available.