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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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H John Underwood

Corporate, Personal Injury, Family Law, Estate Planning

Status: In Good Standing

CONTACT

1221 Mechem Dr, Ruidoso, NM 88345

H. John Underwood

Estate Planning, Family Law, Corporate, Personal Injury

Status: In Good Standing

CONTACT

1221 Mechem Dr, Ruidoso, NM 88345

Alexandra J. Bobbit

General Practice

Status: In Good Standing

CONTACT

508 Mechem Dr, Ruidoso, NM 88345

Alan P. Morel

General Practice

Status: In Good Standing

CONTACT

Ruidoso, NM 88355

Jud A. Cooper

Corporate, Commercial Real Estate, Estate, Business & Trade

Status: In Good Standing

CONTACT

Ruidoso, NM 88355

David Joe Adkins

Wills, Estate

Status: In Good Standing Licensed: 50 Years

CONTACT

Ruidoso, NM 88355

Travis J. Marston

DUI-DWI, Family Law, Estate Planning, Litigation

Status: In Good Standing

CONTACT

1202 Sudderth Dr, Ruidoso, NM 88345

Steven C. Cocanower

Commercial Real Estate, Lawsuit & Dispute, Wills, Business & Trade

Status: Inactive Licensed: 48 Years

CONTACT

492 Cedar Creek Dr, Ruidoso, NM 88345

James Heyroth Isbell

General Practice

Status: In Good Standing Licensed: 50 Years

CONTACT

151 Sandesta Drive, Alto, NM 88312

Herbert E. Marsh

Dispute Resolution, Family Law, Wills

Status: In Good Standing Licensed: 57 Years

CONTACT

Lincoln, NM 88338

800-923-0641

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LEGAL TERMS

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to o... (more...)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to or taken from a worker provides some protection for workers in the event certain types of pension plans cannot pay the benefits to which workers are entitled, and requires that employers provide full and clear information about employees' pension rights, including the way pension benefits accumulate, how the company invests pension funds, and when and how pension benefits can be collected.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

GRANTOR

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

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.

ADEMPTION

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property 'per stirpes,' Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

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Ruidoso Estate Lawyer, New Mexico

Sponsored Law Firm

Law Office of Cristy J. Carbon-Gaul

SPONSORED LAWYERS

H John Underwood

H. John Underwood

Alexandra J. Bobbit

Alan P. Morel

Jud A. Cooper

David Joe Adkins

Travis J. Marston

Steven C. Cocanower

James Heyroth Isbell

Herbert E. Marsh

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LEGAL TERMS

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

FAILURE OF ISSUE

TRUSTEE

TRUST DEED

ANCILLARY PROBATE

GRANTOR

BYPASS TRUST

ADEMPTION

PER STIRPES

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