ESTATE PLANNING 101 – WILLS vs TRUSTS Your estate plan should accomplish some extremely important things, including protecting you, your assets, and your loved ones both now and in the future. Given everything your plan can, and should, do for you and your loved ones, you may not know where to … [Read more...] about Estate Planning 101 Wills vs Trusts
Many people use a Last Will and Testament to distribute their entire estate when they initially create an estate plan. As both their estate and their family grow, many choose to incorporate more comprehensive estate planning tools and strategies into their plan. For instance, they might decide to … [Read more...] about Do I Still Need a Will If I’m Using a Trust to Distribute My Estate?
A Last Will and Testament serves as the foundation for most estate plans. When you create your Will, one of the most important decisions you will need to make is who to appoint as the Executor, known as the Personal Representative in New Mexico, of your estate. The Albuquerque estate planning … [Read more...] about Albuquerque Estate Planning Attorney Urges You to Choose the Right Executor
In the age of the internet, it seems as though you can find just about anything with a few clicks of a mouse. Even “Do-It-Yourself” legal forms can be located easily on the internet. It may be very tempting to use these DIY forms to finally get started on your estate plan that you have been … [Read more...] about Do I Need an Estate Planning Lawyer for a Simple Will?
In the 21st century, it can be very tempting to turn to the internet for everything, including legal forms. If you have yet to execute a Last Will and Testament, therefore, using a DIY Will you find on the internet may seem like a simple and quick solution. An Albuquerque estate planning lawyer … [Read more...] about Albuquerque Estate Planning Lawyer Explains Why the DIY Route is Dangerous
A Last Will and Testament (“Will”) frequently serves as the foundation of a first-time planner’s estate plan. When you create your Will, you must nominate a Personal Representative (often referred to as an Executor) to oversee the administration of your estate. Probate is the legal process … [Read more...] about Phoenix Estate Planning Lawyer Explains What an Executor Does
Most families don’t receive their wealth through inheritance or winning the lottery, but rather through years of hard work and sacrifice. However, it always amazes me that although everyone understands that we are all going to die, a vast majority disregard estate planning completely. Here are five … [Read more...] about 5 Most Common Estate Planning Errors
Before I answer this question, here’s a true story that was recently shared by a colleague. John died recently at age 40. He was single and no children. John lived with his mother as her caregiver, because she had some physical challenges. John had a heart attack and was on life support at a local … [Read more...] about When Is the Right Time To Plan?
I have talked before about everyone having an estate. This just means we all have something. And once we know that we have something, then the next logical thought is that we all have something to plan for. And you may be saying that you have your plan in place. So I will say “Kudos!” You are … [Read more...] about Planning is for Everyone
Another term for an estate plan should be a “legal vault”. The legal vault should be strong and sturdy to withstand any attack that may come against it. The question becomes, is your legal vault flimsy or solid to withstand what comes its way? For some people, establishing an estate plan appears to … [Read more...] about Should You Make End-Of-Life Plans on Your Own?