Estate planning is often misunderstood. Many New Mexico families believe it’s only for the wealthy, or that a simple will is enough. Others mistakenly think transferring assets to children or relying on family ties will protect their property. In reality, estate planning is about protecting your wishes, your loved ones, and your peace of mind. Let’s clear up some of the most common misconceptions.

No one wants to lose money, particularly for retirement. However, it happens — people lose track of, or don’t know they have, retirement accounts.

Learn which types of trusts can protect your heirs’ inheritance from creditors and safeguard your family’s financial future.

Being an executor of an estate isn’t easy, so you should choose the individual carefully and prepare asset and debt details in advance to help them out.

While the focus tends to be on the growth of the asset class and opportunities to prosper, for many cryptocurrency investors, more attention must be paid to transferring assets to loved ones and protecting the store of wealth from unfounded and frivolous lawsuits.

Equally sharing the wealth among the children isn’t always fair, such as when one sibling is the primary caretaker, or another is already wealthy.

Asset protection planning is the process of building barriers around your assets, whether those assets are personal or business, to keep them safe from litigation, creditor claims, seizure and burdensome taxes.