Commercial real estate development often feels like the ultimate wealth-building frontier. The vision is compelling: raw land transformed into a bustling retail center, an office complex, or a multi-family housing unit, generating passive income for generations. For business owners and families with significant assets locked in a family trust, the temptation to use those funds to purchase land for a …
Fiduciary Duties and Constructive Trust in New Mexico Real Estate
Fiduciary duties lie at the heart of the real estate profession. When individuals engage a real estate broker to help them navigate the process of purchasing property, they are entitled to honesty, loyalty, and the utmost good faith. If a broker breaches these fiduciary duties for personal gain, courts in New Mexico—and elsewhere—have a range of equitable remedies at their …
Corporate Transparency Act: Possible Exemptions
The recent coming of the Corporate Transparency Act has brought a new issue to the forefront of the business and legal world. The act requires certain businesses to report the beneficial ownership of their companies to the Financial Crimes Enforcement Network (FinCEN). However, there are a few exemptions to reporting, and this blog post delves into what some those exemptions …
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 …
