When you devote planning, time and energy to your estate plan, it is reasonable to assume that you have some basis for your decisions regarding who should inherit your assets. Regardless of your justification or motivations, you generally […]
While you may think there is plenty of time to worry about long-term care when you get older, many people do not plan for this important necessity until it is too late.  The cost of long-term care can […]
Estate planning provides many benefits that may include reducing the costs of handling your estate upon death, providing for the transfer of your property to family, protection of assets from creditors and other positive consequences.  However, one important […]
Many people who call our New Mexico Estate Planning Law Firm recognize the importance of an effective estate plan in the event of a life-threatening illness, serious incapacitating injury or death, but they may have concerns about whether […]
When your kids go off to college, there are many issues that must be considered, including class selection, relocation to another city or state, financial arrangements and much more. An issue that many parents do not consider is […]
An recent article in the New York Times discussed the ill-conceived notion that estate planning is for the ultra-rich who must worry about the estate tax threshold because their income exceeds $5.25 million for an individual or $10.5 million for […]
Estate planning is important for anyone in terms of providing asset protection, smooth transfer of assets to family members, minimizing costs for estate administration, tax avoidance and more. If you own a family business, estate planning can be […]
Many people who have successfully acquired a sizeable estate during their lifetime seek comprehensive estate planning advice that will allow them to pass their assets to their family, friends or worthy causes while still providing the grantor a […]
A last will and testament can be an effective component of many estate plans provided it is used properly and fits into your overall estate plan. When properly prepared, your will can ensure that your property and assets […]
When developing an estate plan that is intended to provide ongoing income in your retirement years and succession planning, it is important to consider how tax consequences impact your estate plan. Many New Mexico Estate Planning Attorneys watched […]