Medanales Estate Lawyer, New Mexico

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Karen Aubrey

Real Estate, Oil & Gas, Estate, Civil Rights, Corporate
Status:  In Good Standing           

Jacqueline Marrast-Simpson

Estate Planning, Gift Taxation, Estate, Wills
Status:  In Good Standing           

Lynn M. Finnegan

Corporate, Landlord-Tenant, Federal, Wills
Status:  In Good Standing           

Shay Burns Kendricks

Commercial Real Estate, Estate, Wills, Corporate
Status:  In Good Standing           

Melissa A. Kennelly

Gift Taxation, Wills, Corporate, Landlord-Tenant
Status:  In Good Standing           

Brad Wesley Odell

Labor Law, Employment Discrimination, Gift Taxation
Status:  In Good Standing           

George Harold Lerew

Gift Taxation, Elder Law, Credit & Debt, Bankruptcy
Status:  In Good Standing           Licensed:  49 Years

Keith Robert Jones

Elder Law, Commercial Real Estate, Wills
Status:  Inactive           Licensed:  50 Years

Elizabeth A. Musselman

Landlord-Tenant, Family Law, Children's Rights, Wills
Status:  In Good Standing           

Judith Miller Kasper

Federal, Commercial Real Estate, Estate, Military & Veterans Appeals, Power of Attorney
Status:  In Good Standing           

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Free Help: Use This Form or Call 800-943-8690

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Lawyer.com can help you easily and quickly find Medanales Estate Lawyers and Medanales Estate Law Firms. Refine your search by specific Estate practice areas such as Estate Planning, Trusts, Wills & Probate and Power of Attorney matters.

LEGAL TERMS

GRANT DEED

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as descri... (more...)
A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as described in the deed. This is the most commonly used type of deed. Compare quitclaim deed.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)
A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)
Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)
Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)
A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

KINDRED

Under some state's probate codes, all relatives of a deceased person.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.