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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When it comes to estate planning, many Americans are unprepared for what comes after death. Two out of three adults do not have a will or other estate planning documents, according to the caregiving website Caring.com.
Major changes in your life—such as marriage, having a baby, moving out of state, or divorce—should prompt a revisit to your current will. It is important to revise your will at these times, in order to ensure your estate planning is up to date.
Locking up certain important documents and valuables in a bank vault could turn into a headache for you or your heirs.
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.
Most people have heard that each individual is allowed to gift $15,000 per year to another person without paying a gift tax. However, exactly what the gift tax is, and the consequences of going beyond $15,000, are less clear.
Recent studies estimate that 39.6% of Americans 65 years of age or older are victims of financial abuse.
Inheriting an IRA from a parent has a unique set of rules you need to know, which will help you make the most of the money you inherit and avoid a tax-time surprise.
As retirees live longer, many worry about outliving their savings. However, many older Americans haven’t planned for a looming expense: the cost of long-term care.
When moving to a new state, you may have to sever some or all of your ties to your former state. Half measures can leave you open to tax claims by your former home state.
As you’re making your estate plan, you’ll want to carefully consider everything. This means it may take a while to complete your plan. Here are five things to watch out for along the way.
