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.
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.
You might be surprised at how many questions arise surrounding financial issues, legal arrangements and lifestyle choices.
Naming secondary beneficiaries can help estate planners avoid the delay and costs of going through probate, as well as ensure that your wishes are carried out.
The HIPAA Privacy Rule permits the sharing of health information by healthcare providers, health plans, healthcare clearinghouses, business associates of HIPAA-covered entities and other entities covered by HIPAA Rules under certain circumstances.
There’s no single path for everyone to follow. However, you might consider establishing a trust, which offers some key benefits.
An appointment with your estate planning attorney can address any holes that have developed and ensure that everything is in place.
The average American maintains between 30 and 50 online accounts at any given time. These may be with banks, financial institutions, utility companies, email providers, social media outlets, commercial shopping or travel sites and accounts unique to technology, such as an account to purchase apps for a smartphone.
While you may draft a will assuming that your choice of executor won’t change, there are different reasons why making a switch may be necessary.
The misconception that estate plans are only for wealthy individuals often prevents people from putting a plan in place. However, having an estate plan is beneficial for anyone.
