Counsel & Advice From Top New Mexico Estate Planning & Elder Law Attorney
If you’ve had an IRA and a 401(k) for many years, you may occasionally ask yourself some questions: ‘Am I contributing enough?’ ‘Am I still funding these accounts with the right mix of investments for my goals and risk tolerance?
Many people have signed at least one power of attorney in their life. A power of attorney, which names a trusted family member, friend or advisor as your ‘attorney-in-fact’ to control your assets, is meant to be used if you are incapacitated.
Perhaps one of the most difficult, and increasingly common, estate planning questions involves the inclusion or disinheritance of an estranged child.
Generally speaking, vaccinated people who contract COVID-19 and develop symptoms are prone to the same ones that an unvaccinated person might experience. These include fever, cough, shortness of breath, fatigue, body aches, headache, sore throat, congestion, nausea, vomiting and diarrhea. Loss of taste or smell can sometimes serve as telltale clue, although it doesn’t happen to everyone.
A trustee is a fiduciary which, essentially, is a person that owes a legal, ethical and, perhaps, moral obligation to act in the interest of another.
Although hearing loss is a very common sensory loss — affecting one-third of all American adults between the ages of 65 and 74 and nearly half of those older than 75 — solutions to hearing problems have been slow to materialize. Until recently, hearing aids only made things louder, not necessarily clearer. Scientists have yet to discover a way to repair damage to the inner ear.
Creating a trust as part of an estate plan can help protect assets and ensure your financial legacy is preserved. If you’re married, you may consider establishing a QTIP trust, which is short for qualified terminable interest property trust.
Every estate that holds titled property must be probated if title to that property is not transferred using some other wealth transfer method.
With a Power of Attorney, you designate which individuals are in control of your assets and who can take care of your affairs, if you are unable to do so.
Every so often, it’s smart to methodically go through your estate planning documents and see if any tweaks are needed. Here’s a checklist to guide you through that mission.
