What are Best Assets to Inherit?
If you really want to help your heirs out, these are some of the best assets to leave them.
Counsel & Advice From Top New Mexico Estate Planning & Elder Law Attorney
Trust and estate administration refers to the management and distribution of assets and properties held in a trust or estate after the death of the owner. This process involves ensuring that the assets are distributed to the intended beneficiaries according to the wishes of the deceased, while also complying with legal and tax requirements. Trust and estate administration may include tasks such as filing legal documents, managing and distributing assets, resolving disputes among beneficiaries, ensuring compliance with tax and legal requirements, and providing guidance and advice to trustees or executors. Trust and estate administration is typically overseen by a lawyer, financial advisor, or other professional with expertise in this area. The goal of trust and estate administration is to ensure that the assets are distributed in an orderly and fair manner while minimizing costs and maximizing the value of the estate for the beneficiaries.
Contact us for more information or to schedule a call.
If you really want to help your heirs out, these are some of the best assets to leave them.
If a loved one asks you to be the executor of their estate, think carefully before you take on this responsibility.
Every estate plan should include three essential documents: a durable general power of attorney, a healthcare power of attorney and a last will and testament. Of the three essential estate planning documents, the will is the only document that is used after death.
Several types of special income trusts and other strategies can be helpful when trying to protect your family’s assets from the devastating costs of long-term care.
Here’s what you need to consider, when looking to hire an elder law attorney.
My wife died and left a bank account with no beneficiary. The bank tells me I have to go through probate. I inherited everything else. What do I have to do?
Inherited assets come with benefits, along with some burdens
Elder law attorneys can help with a long list of legal matters that seniors often face…
Would your loved ones have necessary access to your bank accounts after you die to help carry out your last wishes and handle arrangements?
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.