Timberon 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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Below are all Timberon lawyers.

Philip P. Chandler

General Practice

Status: In Good Standing

CONTACT

2233 Desert Pine Dr, Alamogordo, NM 88310

Mark W. Whorton

Personal Injury, Landlord-Tenant, Family Law, Estate Planning, Insurance

Status: In Good Standing

CONTACT

1200 Indiana Ave, Alamogordo, NM 88310

Daniel A. Bryant

Litigation, Estate Planning, Family Law

Status: In Good Standing

CONTACT

1000 New York Ave, Alamogordo, NM 88310

Robert Marvin Doughty

Mediation, Estate Planning, Family Law, Corporate

Status: Inactive

CONTACT

Alamogordo, NM 88311

John R. Hakanson

Landlord-Tenant, Mediation, Estate Planning, Corporate

Status: Suspended

CONTACT

307 E 11Th St, Alamogordo, NM 88310

James Scott Newton

Accident & Injury, Criminal, Estate, Lawsuit & Dispute, Real Estate

Status: In Good Standing

CONTACT

307 11th St, Alamogordo, NM 88310

Samuel Thomas Overstreet

General Practice

Status: In Good Standing

CONTACT

1011 New York Ave, Alamogordo, NM 88310

R. B. Nichols

General Practice

Status: In Good Standing

CONTACT

1101 New York Ave, Alamogordo, NM 88310

Carie Goodman Mckinney

Real Estate, Intellectual Property, Environmental Law Other, Environmental Law

Status: In Good Standing Licensed: 37 Years

CONTACT

224 Sunspot Hwy, Cloudcroft, NM 88317

Craig Wyman

Oil & Gas, Energy

Status: Inactive

CONTACT

Cloudcroft, NM 88317

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LEGAL TERMS

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property per capita, Julie and the two grandchildren will each take a third. If, on the other hand, Fred's will states that heirs of a deceased beneficiary are to receive the property per stirpes, Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation).

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

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.

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.

CREDIT SHELTER TRUST

See AB 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.

CURATOR

See conservator.

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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Timberon Trusts Lawyer, New Mexico

Sponsored Law Firm

Law Office of Cristy J. Carbon-Gaul

SPONSORED LAWYERS

Philip P. Chandler

Mark W. Whorton

Daniel A. Bryant

Robert Marvin Doughty

John R. Hakanson

James Scott Newton

Samuel Thomas Overstreet

R. B. Nichols

Carie Goodman Mckinney

Craig Wyman

TIPS

LEGAL TERMS

PER CAPITA

RESIDUARY ESTATE

ABATEMENT

HEIR AT LAW

BYPASS TRUST

EXEMPTION TRUST

CREDIT SHELTER TRUST

TRUSTEE

CURATOR

SAMPLE LEGAL CASES

In the Matter of Stein

IN RE CABLE FAMILY TRUST JUNE 10, 1987

Mintz v. Zoernig

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