Counsel & Advice From Top New Mexico Estate Planning & Elder Law Attorney
Elder Law is a legal practice area that focuses on the unique legal issues affecting senior citizens, including estate planning, healthcare, long-term care planning, guardianship, and protection from elder abuse. Elder Law attorneys are equipped to provide legal assistance to seniors and their families, and they understand the complexities and nuances of laws and regulations that affect the aging population.
Overall, Elder Law attorneys work to protect the legal rights and interests of seniors, providing guidance and support to help them navigate the complex legal landscape and plan for a secure and comfortable future.
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Sometimes people attempt to make an estate plan online without consulting legal and financial professionals to avoid the higher cost. However, everyone’s situation is unique, and using a boilerplate estate plan can lead to mistakes.
A will is a legal document that spells out the distribution of your assets and how your children will be cared for at your death. Probate is a process used to prove a decedent’s will is valid and to supervise the handling of their estate.
These red flags signal that your financial data or other personal information may have been breached.
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.
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.
