Hernandez Estate Planning 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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Includes: Gift Taxation

Jacqueline Marrast-Simpson

Estate Planning, Gift Taxation, Estate, Wills

Status: In Good Standing

CONTACT

557 Oppenheimer Drive, Los Alamos, NM 87544

Melissa A. Kennelly

Gift Taxation, Wills, Corporate, Landlord-Tenant

Status: In Good Standing

CONTACT

Santa Fe, NM 87504

Brad Wesley Odell

Labor Law, Employment Discrimination, Gift Taxation

Status: In Good Standing

CONTACT

Santa Fe, NM 87504

George Harold Lerew

Gift Taxation, Elder Law, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 49 Years

CONTACT

3140 Vista Sandia Ave, Santa Fe, NM 87506

Maria T. Griego

Estate Planning, Family Law, Personal Injury, Accident & Injury

Status: In Good Standing

CONTACT

1012 Marquez Pl, Santa Fe, NM 87505

Tracy T. Howell

Business & Trade, Private Schools, Commercial Real Estate, Estate Planning

Status: In Good Standing

CONTACT

Santa Fe, NM 87504

Joseph Lennihan

Indians & Native Populations, Litigation, Gift Taxation

Status: In Good Standing

CONTACT

1012 Marquez Place, Santa Fe, NM 87505

Mark Chaiken

Products Liability, State Government, Gift Taxation

Status: In Good Standing

CONTACT

207 Shelby St, Santa Fe, NM 87501

Jeffrey B. Schamis

Corporate, Landlord-Tenant, Gift Taxation, Business & Trade

Status: In Good Standing

CONTACT

525 Tony St, Santa Fe, NM 87501

Jerry Wertheim

Civil Rights, Estate Planning, Business, Estate

Status: In Good Standing

CONTACT

Santa Fe, NM 87504

800-923-0641

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LEGAL TERMS

LIFE BENEFICIARY

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

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

KINDRED

Under some state's probate codes, all relatives of a deceased person.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

DOWER AND CURTESY

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') ... (more...)

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') refers to the portion to which a surviving wife is entitled, while curtesy refers to what a man may claim. Until recently, these amounts differed in a number of states. However, because discrimination on the basis of sex is now illegal in most cases, most states have abolished dower and curtesy and generally provide the same benefits regardless of sex -- and this amount is often known simply as the statutory share. Under certain circumstances, a living spouse may not be able to sell or convey property that is subject to the other spouse's dower and curtesy or statutory share rights.

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

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.

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).

SAMPLE LEGAL CASES

Oldham v. Oldham

... Id. {9} We granted Wife's petition for certiorari to address two issues: (1) whether a final judgment distributing marital property pursuant to Section 40-4-20(B) revokes the governing estate planning instruments of the deceased party when the deceased party dies during the ...

Oldham v. Oldham

... A judgment or decree terminating all property rights pursuant to Section 40-4-20(B) meets the definition of a divorce pursuant to Section 45-2-804(A)(2) and is sufficient to revoke governing estate planning instruments pursuant to Section 45-2-804(B)(1)(a). ...

Hernandez Estate Planning Lawyer, New Mexico

Sponsored Law Firm

Law Office of Cristy J. Carbon-Gaul

SPONSORED LAWYERS

Jacqueline Marrast-Simpson

Melissa A. Kennelly

Brad Wesley Odell

George Harold Lerew

Maria T. Griego

Tracy T. Howell

Joseph Lennihan

Mark Chaiken

Jeffrey B. Schamis

Jerry Wertheim

TIPS

LEGAL TERMS

LIFE BENEFICIARY

SPECIAL ADMINISTRATOR

KINDRED

GENERATION-SKIPPING TRANSFER TAX

WILL

DOWER AND CURTESY

PROPERTY CONTROL TRUST

ENDOWMENT INSURANCE

GRANTOR RETAINED INCOME TRUST

SAMPLE LEGAL CASES

Oldham v. Oldham

Oldham v. Oldham

Oldham v. Oldham

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