Chacon Trusts Lawyer, New Mexico

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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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Alice Romero-Patron

Trusts

Status: Inactive Licensed: 45 Years

CONTACT

11 Paseo Patron, Santa Fe, NM 87506

Beatriz Rivera

Trusts, Estate Planning

Status: Inactive

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740 Calle Altamira, Santa Fe, NM 87501

Billy J. Jimenez

Corporate, Trusts, Estate Planning, Commercial Real Estate

Status: In Good Standing

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Santa Fe, NM 87502

Charles E. Anderson

Real Estate, Trusts, Wills & Probate

Status: Inactive

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Santa Fe, NM 87504

Chelsea E Allen

Trusts, Estate Planning

Status: In Good Standing

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431 St Michaels Dr, Santa Fe, NM 87505

Christie L. Coleman

Personal Injury, Divorce, Trusts, Estate Planning, Wills & Probate

Status: In Good Standing

CONTACT

307 Johnson St, Santa Fe, NM 87501

David Alan Licht

Commercial Real Estate, Class Action, Trusts, Corporate

Status: Inactive Licensed: 40 Years

CONTACT

174 Tesuque Village Rd, Tesuque, NM 87574

Elizabeth C. Clifford

Estate, Trusts, Energy, Telecommunications

Status: In Good Standing

CONTACT

Santa Fe, NM 87504

Eucaris Tatiana Perez

Trusts, Family Law

Status: In Good Standing Licensed: 22 Years

CONTACT

1120 Paseo De Peralta, Santa Fe, NM 87501

Frank Kenneth Bateman

Trusts, Estate

Status: In Good Standing

CONTACT

Santa Fe, NM 87504

800-923-0641

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LEGAL TERMS

SUCCESSOR TRUSTEE

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

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.

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.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

HEIR APPARENT

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

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

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.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

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. ...

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Chacon Trusts Lawyer, New Mexico

Sponsored Law Firm

Law Office of Cristy J. Carbon-Gaul

SPONSORED LAWYERS

Alice Romero-Patron

Beatriz Rivera

Billy J. Jimenez

Charles E. Anderson

Chelsea E Allen

Christie L. Coleman

David Alan Licht

Elizabeth C. Clifford

Eucaris Tatiana Perez

Frank Kenneth Bateman

TIPS

LEGAL TERMS

SUCCESSOR TRUSTEE

ADEMPTION

POWER OF APPOINTMENT

TRUSTEE POWERS

HEIR APPARENT

GRANTOR RETAINED INCOME TRUST

BENEFICIARY

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

SPRINKLING TRUST

SAMPLE LEGAL CASES

In the Matter of Stein

IN RE CABLE FAMILY TRUST JUNE 10, 1987

Mintz v. Zoernig

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