Death is certain. And no matter how you abhor the thought of it, it’s set in stone. Hence, it’s crucial to confront this reality and make appropriate preparations. How do you go about this situation? Work with an estate planning attorney in Alamogordo.
Many individuals meticulously plan every aspect of their lives. Yet they often neglect the need to arrange what happens after they pass. Though this practice is common, it shouldn’t be the norm. You’ll have peace of mind by ensuring that your assets are safeguarded and rightfully passed on to your chosen heirs. Seeking the expertise of a lawyer is the best way to go.
Hiring an Estate Planning Lawyer: When is It Necessary?
The need for an estate planning attorney in Alamogordo, NM, arises due to the inherent complexities of the subject matter. Creditors and individuals not named as rightful heirs may assert claims on the estate. Furthermore, without a comprehensive estate plan, your will may be disregarded, leading to disputes among the heirs on the distribution of assets.
If you have a lawyer protecting your estate and interest, you can guarantee that your wishes are followed post-mortem. You can also ensure that no liens and encumbrances are attached to these properties so they may be distributed accordingly once succession opens.
Keep Your Estate Safe
An Alamogordo estate planning attorney will fight tooth and nail to ensure your estate remains safe. They know you work hard to secure a better future for your heirs. Hence, they also need to protect what you’ve acquired and achieved over the years.
Your personal assets are not 100% safe from creditors when you’re an incorporator. Though the corporation is a distinct and separate legal entity from the incorporators, creditors can invoke the piercing of the corporate veil to collect debt repayments.
When a creditor passes away while the corporate veil has been pierced, their estate can answer for the corporation’s debts. Your estate planning attorney in Alamogordo, NM, will explain how creditors can claim a part of your estate to settle those monetary obligations. It means your personal assets could also be at risk.
Working with an estate planning attorney inter vivos is wise to prevent these situations. Their expertise can protect your assets and ensure they go to the people you intend to receive them.
Your Wishes Will Be Respected Post-Mortem
After you pass away, your wishes can be respected, and you will be properly executed with the assistance of an estate planning attorney in Alamogordo, New Mexico.
Even among the closest family members, disputes over properties and assets left by the deceased are common. It is particularly true if there are children born outside of marriage. Legally, illegitimate children are entitled to 50% of the legitimate child’s share.
However, sometimes the illegitimate child may demand more, or the legitimate child may unjustly prevent the former from claiming their rightful share.
The estate planning attorney in Alamogordo, New Mexico, is crucial in ensuring that the inheritance laws and provisions are adhered to. Through this simple step, you can guarantee fair treatment of all heirs, regardless of their legitimacy. Additionally, they work diligently to fulfill your wishes.
Furthermore, your attorney can assist in safeguarding your home through various methods like tenancy by the entirety, homestead exemptions, or a qualified personal residence trust (QPRT). These strategies keep your family safe in your dwelling place. Your estate planning attorney in Alamogordo, NM, will guide you through the available options to secure your assets and protect your legacy.
By consulting with an estate planning attorney today, you can explore a wide range of options tailored to your specific needs and goals. Whether you have a will in place (testate) or not (intestate), the attorney can assist you in devising a comprehensive plan that safeguards your assets and ensures they are distributed according to your wishes.
Don’t wait to take action. Proactive estate planning with a law office in Alamogordo, NM, guarantees that your estate will be handled according to your desires and that your loved ones will be well taken care of when you pass. Start the process by consulting an estate planning lawyer today.
Work With a Credible Estate Planning Lawyer
For a seamless transfer of your assets to the next generation, working with a reliable estate planning attorney is essential. Your search ends with the law office of Cristy J. Carbon-Gaul.
Cristy, an estate planning attorney in Alamogordo, is a legal expert with an extensive background in probate, wills and succession, and estate planning. With her experience and education, she can proactively protect your estate and rights.
Whether you need help with conservatorship, guardianship, probate, or estate planning, Cristy is fully equipped to offer your assistance.
You can consult her with cases falling within these legal practice areas:
Get in touch for a case consultation.