Peralta Wills & Probate Lawyer, New Mexico, page 4

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Cristy J. Carbon-Gaul
About | Practice Areas
Law Office of Cristy J. Carbon-Gaul
10515 4th St NW Albuquerque, NM 87114» view map
Estate Law
Experience. Commitment. Results

Cristy Carbón-Gaul focuses her practice on probate and estate planning to help her clients protect their assets and provide for the future.

800-906-8861
1. Cristy J. Carbon-Gaul Albuquerque, NM
  Attorney at Law- NM
  Creighton University School of Law, J.D. 1997
2. AboutLaw Office of Cristy J. Carbon-Gaul
  Experience. Commitment. Results
3. Practice AreasExpertise
  Estate
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Includes: Estate Administration, Living Wills, Wills

Melody F. Everett

Corporate, Commercial Real Estate, Wills, Business & Trade

Status: In Good Standing

CONTACT

13170-B Central Ave Se, Albuquerque, NM 87123

Mary Ann Cuneo

Wills & Probate, Criminal

Status: In Good Standing Licensed: 29 Years

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6301 Indian School Rd., Ne, Albuquerque, NM 87110

Joseph Cooper Gonzales

Landlord-Tenant, Wills, Business & Trade, Corporate

Status: In Good Standing

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6565 Americas Pkwy Ne, Albuquerque, NM 87110

Benjamin Hancock

Commercial Real Estate, Wills, Insurance, Property Damage

Status: In Good Standing

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6121 Indian School Rd Ne, Albuquerque, NM 87110

Mike Gallegos

Personal Injury, Wills & Probate, Estate Planning, Estate

Status: In Good Standing

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308 Adams SE, Albuquerque, NM 87108

Jonathan D. Woods

Landlord-Tenant, Credit & Debt, Wills, Bankruptcy

Status: In Good Standing

CONTACT

220 Adams St Se, Albuquerque, NM 87108

Christopher Patrick Collins

Family Law, Wills, Real Estate Other, Trusts

Status: In Good Standing

CONTACT

1905 Wyoming Blvd Ne, Albuquerque, NM 87112

Jordy Lior Stern

Civil Rights, Commercial Real Estate, Military & Veterans Appeals, Wills

Status: In Good Standing

CONTACT

1905 Wyoming Blvd Ne, Albuquerque, NM 87112

Michael J. Anaya

Family Law, Commercial Real Estate, Criminal, Wills

Status: In Good Standing

CONTACT

525 Buena Vista Dr Se, Albuquerque, NM 87106

Wayne G. Chew

Corporate, Elder Law, Commercial Real Estate, Wills

Status: In Good Standing

CONTACT

Albuquerque, NM 87125

800-923-0641

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LEGAL TERMS

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

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.

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

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.

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

SAMPLE LEGAL CASES

Karpien v. Karpien

... 4-20 (1993) is controlling, that marital property and debt covered by Section 40-4-20 is divided and distributed according to New Mexico domestic relations law, that debt incurred after the death of the decedent spouse is separate debt to be dealt with through probate, and that ...

Oldham v. Oldham

... {1} This case requires us to interpret and harmonize potentially conflicting provisions within our domestic relations, probate, and trust ... {6} After Husband's death, Son filed an application in the probate court for informal appointment as personal representative of Husband's estate. ...

Oldham v. Oldham

... Accordingly, we reverse and remand for the appointment of someone other than Wife as a substitute personal representative or administrator to complete the pending divorce proceedings pursuant to Section 40-4-20(B) before continuing the probate proceedings. ...

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Peralta Wills & Probate Lawyer, New Mexico, page 4

Sponsored Law Firm

Law Office of Cristy J. Carbon-Gaul

SPONSORED LAWYERS

Melody F. Everett

Mary Ann Cuneo

Joseph Cooper Gonzales

Benjamin Hancock

Mike Gallegos

Jonathan D. Woods

Christopher Patrick Collins

Jordy Lior Stern

Michael J. Anaya

Wayne G. Chew

TIPS

LEGAL TERMS

BYPASS TRUST

AB TRUST

IN TERROREM

ABSTRACT OF TRUST

POUR-OVER WILL

ALTERNATE BENEFICIARY

TRUST MERGER

GRANT DEED

SPECIAL ADMINISTRATOR

SAMPLE LEGAL CASES

Karpien v. Karpien

Oldham v. Oldham

Oldham v. Oldham

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