New Mexico Trusts Lawyer List, 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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Laurie A Hedrich

Real Estate, Trusts, Elder Law, Wills & Probate

Status: In Good Standing Licensed: 40 Years

CONTACT

3500 Comanche Rd NE Bldg D, Albuquerque, NM 87107

Travis R. Steele

Real Estate, Corporate, Family Law, Trusts

Status: In Good Standing

CONTACT

Albuquerque, NM 87103

Allen R. Smith

Real Estate, Personal Injury, Trusts, Wills & Probate

Status: In Good Standing

CONTACT

Los Lunas, NM 87031

Gail Gottlieb

Real Estate, Corporate, Family Law, Trusts

Status: In Good Standing

CONTACT

Albuquerque, NM 87103

Billy J. Jimenez

Corporate, Trusts, Estate Planning, Commercial Real Estate

Status: In Good Standing

CONTACT

Santa Fe, NM 87502

Jakub F. Sherman

Trusts, Entertainment, Bankruptcy, Corporate

Status: In Good Standing

CONTACT

Deming, NM 88031

Jeanne Yvonne Sohn

Real Estate, Trusts, Family Law, Corporate

Status: In Good Standing

CONTACT

7430 Washington St Ne, Albuquerque, NM 87109

Mark C. Meiering

Real Estate, Intellectual Property, Trusts, Wills & Probate

Status: Inactive

CONTACT

5916 Canyon Vista Dr Ne, Albuquerque, NM 87111

Helen Hecht

Real Estate, Corporate, Family Law, Trusts

Status: In Good Standing

CONTACT

None listed, Albuquerque, NM 87114

Karla K. Poe

Real Estate, Intellectual Property, Wills & Probate, Trusts

Status: In Good Standing

CONTACT

Santa Fe, NM 87504

800-923-0641

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LEGAL TERMS

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.

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.

HEIR APPARENT

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

ENTITY

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from i... (more...)

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

KINDRED

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

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.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

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.

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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New Mexico Trusts Lawyer List, page 3

Sponsored Law Firm

Law Office of Cristy J. Carbon-Gaul

SPONSORED LAWYERS

Laurie A Hedrich

Travis R. Steele

Allen R. Smith

Gail Gottlieb

Billy J. Jimenez

Jakub F. Sherman

Jeanne Yvonne Sohn

Mark C. Meiering

Helen Hecht

Karla K. Poe

TIPS

LEGAL TERMS

SPRINKLING TRUST

ADEMPTION

HEIR APPARENT

ENTITY

KINDRED

POWER OF APPOINTMENT

LIVING TRUST

QTIP TRUST

BYPASS TRUST

SAMPLE LEGAL CASES

In the Matter of Stein

IN RE CABLE FAMILY TRUST JUNE 10, 1987

Mintz v. Zoernig

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