Know How to Protect Your Wishes. Estate planning is all about ensuring your financial and personal affairs are settled according to your wishes when you’re no longer around. For many, the process involves creating a will, establishing trusts, and appointing decision-makers. But even with comprehensive planning, disputes can arise among heirs over how assets are divided. This is where a …
Can Gene Hackman’s Will be Contested?
Can carefully constructed estate plans be dismantled in court? The passing of loved ones is never easy, but it can become even more complicated when conflicts arise over their estate. Imagine a scenario where legendary actor Gene Hackman and his wife pass away within days of each other, leaving behind a will that directs their estate to charity—a decision that …
Ancillary Probate: What happens when a person dies in one state, but they have property in another?
Take this example: Mary, a widow, moved to Florida to be near her children and grandchildren. Mary has been a resident of Florida for the last five years. She previously lived in New Mexico with her husband. Mary passed away, and her son, Mark, needs to probate her estate. He files the necessary paperwork in Florida to open probate and …
Small Estate Distribution Alternatives In New Mexico
After a loved one has passed, there are many steps and considerations to make. If they have a trust, you must administer the trust. If they have a will, you may need to probate the will. If they died without a will, you may need to probate the estate. However, in some circumstances, probate and administration are not a necessity. …
Informal and Formal Probate. Do You Know The Difference?
Probate is the legal process of petitioning a court to grant you the authority to administer or obtain control of a deceased person’s estate—usually a relative, loved one, or close friend (if you were personally named in that person’s will). Once that authority is obtained, you can distribute assets according to the decedent’s will or transfer assets owned by the …
Transfer On Death Deeds
In New Mexico (and a handful of other states), the law permits an owner of real property (either land or a house) to transfer that property by a Transfer on Death Deed (TODD). A TODD is a simple and effective way to transfer property to a beneficiary without the hassle of probating the estate to obtain possession of said property. …
Attorney Christina Cavaleri Talks About The Ever Changing Financial and Legal Landscape
If you are in the Albuquerque area on February 13th, 2024- you will not want to miss this valuable Seminar! How have changes in the Financial and Legal Landscape impacted your retirement plans? What financial and legal strategies you can you use to protect your nest egg?Come join us at the Holiday Park Community Center in Albuquerque, NM, USA on Tue …
Probate Litigation: Understanding Its Implications and Finding Legal Assistance
Probate is an essential process where the court proves the validity of a will and authorizes the distribution of a deceased person’s assets to their close family members and other beneficiaries. The process gives a legal confirmation of the executor’s authority and the ownership of the assets before they can be passed to the beneficiaries. In most cases, the probate …
Challenging a Will – When and How to Do It
Understanding the process of contesting a will can be challenging. When should you consider contesting a will? What are the grounds for contesting a will? And how do you go about challenging a will once you have decided to do so? Here, we’ll break down each step of the process so that you can make an informed decision when it …
Revocable vs. Non-Revocable Trusts: What’s the Difference?
When it comes to estate planning, there are a number of different trust types available to individuals. Two of the most popular trust types are revocable and non-revocable trusts. So what is the difference between these two trusts and which one is right for you? Let’s take a closer look at each type of trust and how it can benefit …
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