The Importance of Funding a Trust
Creating a trust is only half the battle—funding it ensures that your assets are protected and distributed according to your wishes.
Counsel & Advice From Top New Mexico Estate Planning & Elder Law Attorney
Estate planning services refer to the process of managing and distributing one’s assets and properties after their death, in a way that ensures the smooth transfer of wealth to the intended beneficiaries while minimizing taxes and other expenses. Estate planning services may include drafting legal documents such as wills, trusts, and powers of attorney, as well as providing guidance and advice on strategies for asset protection and wealth transfer. These services may be provided by lawyers, financial advisors, or other professionals with expertise in estate planning. Effective estate planning can help individuals achieve their long-term financial goals and provide peace of mind for themselves and their loved ones.
Creating a trust is only half the battle—funding it ensures that your assets are protected and distributed according to your wishes.
One of the biggest challenges that clients encounter during the estate planning process is deciding who to appoint as their trustees or executors. Learn about each of these critical roles and how to choose the best person for the job.
Failure to address Social Security’s funding gap could leave millions of seniors struggling to afford basic necessities.
Year-end is the perfect time to review your estate plan and ensure it reflects your current needs. From updating wills and trusts to maximizing charitable giving, taking action now can protect your loved ones. Contact E-Law today to schedule your estate plan review.
Small businesses nationwide must comply with the Corporate Transparency Act’s reporting requirements by January 1, 2025, to avoid steep penalties.
Failing to coordinate your estate and financial plans can lead to delays, disputes, and costly mistakes for your loved ones. Aligning beneficiary designations, legal documents, and financial strategies ensures your wishes are honored and protects your family from unnecessary stress.
Appointing a successor trustee for your revocable trust ensures that your assets are managed and distributed according to your wishes without probate.
Naming a beneficiary by completing a beneficiary designation form is a crucial step in estate planning. It promotes your wishes after you’re gone, streamlines inheritance, and spares your loved ones undue stress.
Pet owners bring their animals on vacation, buy them fancy food and pay more for their healthcare. Including them in estate planning is a logical next step, estate lawyers and pet owners say.
Only 32% of Americans have a will. August is national make a will month and a great time to create a will or trust. Even if you believe you lack assets, going without a will is a big mistake.