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Posts by Angel

Santa Fe Divorce Attorneys discuss The Benefits of Alternate Dispute Resolution (ADR) When Dividing Community Property

Posted by on Nov 26, 2014 in Blog | Comments Off on Santa Fe Divorce Attorneys discuss The Benefits of Alternate Dispute Resolution (ADR) When Dividing Community Property

The divorce process can be an extremely frightening experience because it impacts the most fundamental aspects of your life and can mean enormous uncertainty about your financial future.  When you are involved in a divorce, it can result in the loss of a substantial amount of the assets and wealth that may have taken a lifetime to acquire.  If you were the primary wage earner during the marriage, you may be concerned about your ability to preserve your lifestyle in the face of alimony and child support obligations.  On the other hand, a spouse that was a stay-at-home parent during the...

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Estate Planning Strategies for Minimizing Estate Tax Burdens

Posted by on May 20, 2014 in Blog | Comments Off on Estate Planning Strategies for Minimizing Estate Tax Burdens

Estate planning Strategies can be used to address a wide range of issues like avoiding probate, reducing tax burdens, protecting assets from creditors, planning for incapacity, and passing one’s legacy to beneficiaries. The diversity of benefits offered by effective estate planning is somewhat of a mixed blessing because it can leave individuals confused about their many estate planning options. Since no two people are in precisely identical situations, estate planning involves much more than artful drafting of estate planning instruments like wills, trust agreements, and power of attorney...

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New Mexico Marital Dissolution and the Family Business

Posted by on May 20, 2014 in Blog | Comments Off on New Mexico Marital Dissolution and the Family Business

Any New Mexico marital dissolution involving significant assets or involving high net worth individuals typically presents complex asset division issues. One of the most difficult property division issues in a New Mexico dissolution of marriage involves the division of interests in a family business. The conflict and animosity that often accompanies the divorce process can interfere with the effective functioning of the business enterprise bringing its operation to a temporary halt, reducing its income stream or even causing long-term damage to the business. If you and/or your spouse own a...

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Legal Advice Can Prevent Problems When Creating an FLP or LLC

Posted by on Feb 17, 2014 in Blog | Comments Off on Legal Advice Can Prevent Problems When Creating an FLP or LLC

Although family limited partnerships (FLPs) and limited liability companies (LLCs) can be an effective estate planning tool for family owned businesses and other assets, there is some risk associated with their use when an experienced estate planning advisor is not consulted. We discuss the basic structure of these types of estate planning tools as well as a list of tips to avoid problems. A family limited partnership is one way that assets or a family business may be owned and operated by members of a family. The FLP may be structured in a variety of ways. However, it is common to make a...

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Key Facts about Alimony in Santa Fe

Posted by on Feb 5, 2014 in Blog | Comments Off on Key Facts about Alimony in Santa Fe

When spouses separate in anticipation of a divorce, there is frequently a significant difference in the income and earning capacity of each spouse. If one of the spouses was the primary wage earner, the spouse who assumed the principle responsibility for taking care of the kids and family home may depend on alimony (aka “spousal support” or “spousal maintenance”) as a means of income to afford basic expenses. The amount and duration of alimony often is a hotly contested issue because it can drastically impact the financial well-being of both parties. For the spouse ordered to pay a...

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