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.
In certain situations, beneficiaries of programs like Supplemental Security Income (SSI) and Medicaid may be at risk of losing their benefits. For example, if they come
With a revocable trust, you are typically both the founder and the trustee. This means that you both create the trust and manage its assets and operations.
Once your earnings exceed a specific amount, you can stop paying into Social Security for the rest of the year.
It is a common misconception that once the estate plan is prepared and executed, it does not require any further attention.
Memory decline was slower for older adults who had a healthy lifestyle, even for people with high genetic risk for Alzheimer’s disease, data from a Chinese study showed.
Heirs receiving an inheritance can expect the process to take time. Having a plan for the money and consulting with professionals are also things to remember.
A HIPAA authorization is a detailed document in which specific uses and disclosures of protected health are explained in full.
If your beneficiary designations are out of date and you die without updating those designations, your assets could go the wrong people–a former spouse, for example–no matter what your will says.
Talk to any financial adviser, and they will urge you to retire without debt. However, while the goal of beginning your golden years in the black is laudable, the reality can be very different.
Creating a will should be the first step in a comprehensive estate planning process since it allows you to ensure that your wishes are properly carried out after your death.
