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Ancillary Probate: What happens when a person dies in one state, but they have property in another?

In Estate & Probate by Huong LeeLeave a Comment

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 …

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Informal and Formal Probate. Do You Know The Difference?

In Estate & Probate by Huong LeeLeave a Comment

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 …

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Transfer On Death Deeds

In Contracts, Estate & Probate by Huong LeeLeave a Comment

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. …

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Attorney Christina Cavaleri Talks About The Ever Changing Financial and Legal Landscape

In Estate & Probate by Kristy DonahueLeave a Comment

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 …

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Challenging a Will – When and How to Do It

In Estate & Probate by Larry DonahueLeave a Comment

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 …