The laws that govern estates and probate are written at the state level. In New Mexico these unique laws are understood best by an attorney practicing in Albuquerque, Santa Fe or Farmington. An attorney who specializes in estate law is also an important consideration. Your New Mexico estate planning attorney is the number one choice for all of your estate work.
If you have not yet done so, writing a will is a priority. If you were to die without a will, intestate, your estate might wind up in probate court. When an estate goes to probate court intestate the judge and lawyers decide how to disperse the property. Is this how you want your estate settled?
While having a current will at all times is important, it is not the only reason for hiring an estate planning attorney. Allowing your estate to pass on out of probate has become a very popular reason for working with an attorney. The law provides many different ways for this to be done. They may not all apply to you but some might.
When your real estate is titled in joint tenancy with right of survivorship it should avoid probate. Bank accounts that are "transfer on death" or "payable on death" should qualify also. In most cases, assets placed in a living trust, can be passed on out of probate. Gifting money before you die is another method which can be looked into. There is very little reason to send your heirs to probate court when a little estate planning could avoid it.
This site stresses the importance of financial planning.
Taking control of your finances and getting the most out of your income
are important considerations in your daily life. If this is done
correctly your assets should grow, and as they do, they need to be dealt
with in an estate plan.
Working with finances, lawyers and legal documents uses a lot of different forms. The next time you need a legal document fast try Legal Zoom. They are a lot faster than a drive across town.
Another way to save a drive across town is to use the internet to find a New Mexico estate planning attorney. At Legal Match you are able to fill out a form and receive responses from local attorneys who would be interested in working with you. It is possible to ask about fees and other things via email. It is possible to check a law firms web site and even look up any feedback that may have been left for a particular lawyer. All this can be done free of charge, before you make an appointment.
We'd love to hear your comments or opinions. Submit them here and other visitors can read them and comment on them. An e-mail address is not required.
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