Counsel & Advice From Top New Mexico Estate Planning & Elder Law Attorney
When a loved one passes away, there are usually various arrangements that need to be made. One of the tasks to oversee will involve reporting the death to the Social Security Administration.
Should I terminate these trusts and just have my children as beneficiaries of my investment accounts and life insurance?
Some people think that, because their assets are jointly owned with a spouse or are in a trust, they do not need a Power of Attorney, or that if they become incapacitated, their spouse automatically has the authority to make medical decisions on their behalf.
Conversations about family succession plans are difficult.
Estate Planning Workshop. Essential documents to protect yourself and your loved ones.
For traditional 401(k) plans and IRAs, you generally get a tax break when you make contributions and then pay taxes on the withdrawals in retirement. In contrast, Roth versions of those accounts come with no upfront tax break, but qualified withdrawals are excluded from federal income taxes.
If a person close to you has been diagnosed with Alzheimer’s disease, it may be time to address some serious financial questions.
To be tax efficient, which types of assets should you live off of in retirement, and which should you plan on passing down? There’s a bit of art to the equation, and how you plan can make a big difference to your beneficiaries.
Both of my parents entered a facility on Medicaid in January 2020. My dad passed two months later. Their home was sold in December 2020. My mom has been in rehab since a fall. When would the estate recovery begin? It’s confusing.
A conservatorship, also known as a guardianship, is a legal mechanism set up for people who are unable to manage their affairs.
