Canones Wills & Probate Lawyer, New Mexico, page 3

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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

Karl H. Sommer

Wills & Probate, Litigation, Land Use & Zoning, Commercial Real Estate

Status: In Good Standing

CONTACT

Santa Fe, NM 87504

Arthur B. Lofton

Commercial Real Estate, Estate, Wills, Estate Planning

Status: In Good Standing

CONTACT

Santa Fe, NM 87504

Christopher Bulman

Elder Law, Commercial Real Estate, Estate, Wills

Status: In Good Standing

CONTACT

Santa Fe, NM 87502

David Shapiro

Corporate, Social Security, Commercial Real Estate, Wills

Status: In Good Standing

CONTACT

1000 Cordova Pl, Santa Fe, NM 87505

Carla Skeen

Corporate, Landlord-Tenant, Wills, Business & Trade

Status: Inactive

CONTACT

787 Paseo Cresta, Santa Fe, NM 87501

Patrick D. Barry

Commercial Real Estate, Estate, Wills, Estate Planning

Status: In Good Standing

CONTACT

1 Calle Medico, Santa Fe, NM 87505

Slate James Stern

Commercial Real Estate, Wills, Corporate, Property Damage

Status: In Good Standing

CONTACT

1701 Calle Medico, Santa Fe, NM 87505

Thomas B. Catron

Commercial Real Estate, Estate, Wills, Estate Planning

Status: In Good Standing

CONTACT

Santa Fe, NM 87504

Kurt A. Sommer

Commercial Real Estate, Wills, Business & Trade, Corporate

Status: In Good Standing

CONTACT

Santa Fe, NM 87504

Sandra Jo Brinck

Commercial Real Estate, Wills, Estate, Administrative Law

Status: In Good Standing

CONTACT

Santa Fe, NM 87502

800-923-0641

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LEGAL TERMS

OFFICER

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.

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.

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

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.

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.

SURROGATE COURT

See probate court.

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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Canones Wills & Probate Lawyer, New Mexico, page 3

Sponsored Law Firm

Law Office of Cristy J. Carbon-Gaul

SPONSORED LAWYERS

Karl H. Sommer

Arthur B. Lofton

Christopher Bulman

David Shapiro

Carla Skeen

Patrick D. Barry

Slate James Stern

Thomas B. Catron

Kurt A. Sommer

Sandra Jo Brinck

TIPS

LEGAL TERMS

OFFICER

TRUST MERGER

HEIR APPARENT

SUCCESSOR TRUSTEE

ENDOWMENT INSURANCE

PROBATE

POWER OF APPOINTMENT

EXEMPTION TRUST

SURROGATE COURT

SAMPLE LEGAL CASES

Karpien v. Karpien

Oldham v. Oldham

Oldham v. Oldham

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