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Although living trusts are frequently used estate planning devices, elderly adults that are engaged in estate planning need to be aware that not all businesses that claim to set up living trusts are created equal. There is a […]
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Many people who develop estate plans without consulting with Estate Planning Lawyers in Albuquerque and Santa Fe, NM find that the initial cost savings involved in DIY estate plans can be easily dwarfed by the long-term costs. Although […]
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While our Albuquerque Estate Planning Lawyers often receive questions from married couples seeking to protect their financial security and their loved one’s legacy, many couples who are not married assume that it is premature to engage in estate […]
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While we have talked about many aspects of estate planning in these blogs that include but are not limited to wealth succession, incapacity planning, asset protection, tax avoidance, and more, there are new estate planning issues that emerge […]
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Although much of estate planning is aimed at the goal of circumventing the probate process, probate is unavoidable for some families because their deceased family member has failed to prepare a living trust or to transfer all appropriate […]
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A financial power of attorney is a legal document that offers flexibility in terms of incapacity planning but also can have significant limitations. While people do not anticipate suffering physical or mental incapacity in a motor vehicle accident […]
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Estate planning can serve a variety of functions, but one of the most important of these is fiscal planning for retirement or the financial needs of a surviving spouse. Annuities are a tool often used in estate plans […]
When people get divorced, they may have many worries and concerns including their financial prospects for the future and their parenting relationship with their children. The stress and challenges involved in the marital dissolution process often distract parties […]
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Estate planning 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 […]
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One of the biggest misconceptions about estate planning is that only those who are approaching their senior years need to focus on creating an estate plan. This inaccurate assumption is understandable because some of the benefits of estate […]