New Mexico Trusts Lawyer List, page 4

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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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Henry A. Kelly

Real Estate, Corporate, Family Law, Trusts

Status: In Good Standing

CONTACT

Albuquerque, NM 87103

Sarita Nair

Real Estate, Corporate, Family Law, Trusts

Status: In Good Standing

CONTACT

Albuquerque, NM 87194

Ronald J. Segel

Real Estate, Corporate, Family Law, Trusts

Status: In Good Standing

CONTACT

9904 Cielito Oeste Way Ne, Albuquerque, NM 87122

James F Burns Rl Est

Corporate, Trusts, Real Estate

Status: In Good Standing

CONTACT

420 Mitchell St, Clovis, NM 88101

Robert M Hall

Trusts, Estate, Divorce & Family Law, Business

Status: In Good Standing Licensed: 50 Years

CONTACT

9920 Lorelei Ln Ne, Albuquerque, NM 87111

Robert Taichert

Dispute Resolution, Business & Trade, Trusts

Status: Inactive Licensed: 68 Years

CONTACT

2908 Calle Del Rio Nw, Albuquerque, NM 87104

Robert M Hall

Trusts, Estate, Divorce & Family Law, Business

Status: In Good Standing Licensed: 50 Years

CONTACT

9920 Lorelei Ln Ne, Albuquerque, NM 87111

Kerry C. Kiernan

Real Estate, Trusts, Family Law, Corporate

Status: In Good Standing

CONTACT

6400 Uptown Blvd Ne, Albuquerque, NM 87110

Samuel Konigsberg

Trusts, Real Estate

Status: In Good Standing

CONTACT

Santa Fe, NM 87501

Jennifer L. Stone

Intellectual Property, Contract, Trusts, Wills & Probate

Status: In Good Standing

CONTACT

Albuquerque, NM 87103

800-923-0641

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LEGAL TERMS

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.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

FUNDING A TRUST

Transferring ownership of property to a trust.

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.

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).

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

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 4

Sponsored Law Firm

Law Office of Cristy J. Carbon-Gaul

SPONSORED LAWYERS

Henry A. Kelly

Sarita Nair

Ronald J. Segel

James F Burns Rl Est

Robert M Hall

Robert Taichert

Robert M Hall

Kerry C. Kiernan

Samuel Konigsberg

Jennifer L. Stone

TIPS

LEGAL TERMS

WILL

ACCUMULATION TRUST

TRUSTEE

CONTINGENT BENEFICIARY

FUNDING A TRUST

ADEMPTION

GRANTOR RETAINED INCOME TRUST

DISCHARGE (OF PROBATE ADMINISTRATOR)

PREDECEASED SPOUSE

SAMPLE LEGAL CASES

In the Matter of Stein

IN RE CABLE FAMILY TRUST JUNE 10, 1987

Mintz v. Zoernig

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