Sandia Park Trusts Lawyer, New Mexico

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Simon A. Kubiak Lawyer

Simon A. Kubiak

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Estate, Wills & Probate, Estate Planning, Trusts
Licensed in Arizona, Nevada and New Mexico

Since 2003, Walk-In Wills has helped people in New Mexico protect their most precious assets. We understand that the estate planning process is intimi... (more)

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Sylvain Segal

Real Estate, Corporate, Trusts, Wills & Probate
Status:  In Good Standing           

Susan Brooks

General Practice
Status:  Inactive           Licensed:  35 Years

Ronald J. Segel

Real Estate, Corporate, Family Law, Trusts
Status:  In Good Standing           

Kathleen M. Carlow

Estate, Wills & Probate, Estate Planning, Trusts, Business
Status:  In Good Standing           Licensed:  22 Years

Robert M Hall

Trusts, Estate, Divorce & Family Law, Business
Status:  In Good Standing           Licensed:  50 Years

Robert M Hall

Trusts, Estate, Divorce & Family Law, Business
Status:  In Good Standing           Licensed:  50 Years

Mary G. Wilson

Trusts, Wills, Estate Planning, Elder Law, Natural Resources
Status:  In Good Standing           

Matthew B. Landess

Commercial Real Estate, Litigation, Government, Trusts
Status:  In Good Standing           

Tyson J. Cosper

Wills, Trusts, Business & Trade, Limited Liability Companies
Status:  In Good Standing           

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LEGAL TERMS

FUNDING A TRUST

Transferring ownership of property to a trust.

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)
A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

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.

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.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

MARITAL LIFE ESTATE TRUST

See AB trust.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)
The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

SAMPLE LEGAL CASES

In the Matter of Stein

... Upon the filing of the petition, the court appointed Richard Reidy as guardian ad litem for Bruce. {4} At the time of the filing of the petition in the guardianship case, there were two trusts in existence that were created by Bruce. ...

IN RE CABLE FAMILY TRUST JUNE 10, 1987

... Grantors reserve the right at any time or times to amend or revoke this instrument and the trusts hereunder, in whole or in part, by an instrument or instruments in writing, signed by Grantors and delivered in Grantors' lifetimes to Trustee; provided, however, that no such alteration ...

Mintz v. Zoernig

... While the original stipulated order states that Mother "has had substantial income and the children have trusts set up for their financial needs," no supporting data detailing her income was entered into the record at that time. ...