Frequently Asked Questions About Wills & Trusts

What is the Estate Tax?

The estate tax is the tax applied to your taxable estate at your death. Your taxable estate is your gross estate less allowable deductions.

What is Probate?

Probate means to prove a will. During probate, a court makes sure that the will bearing your signature is a genuine statement of how you want your estate to be distributed.

What if I don't have a will?

If you don't have a will, the court starts the probate process by appointing an executor for you. The court notifies everyone with an interest in your estate that your property is about to be distributed.

What does a Wills and Trusts Lawyer do?

A wills and trusts lawyer is licensed to write legal documents. If you want to draft a will, create a trust, or draft a Power of Attorney, you will need a wills and trusts lawyer.

What is a Living Trust?

A living trust allows you to determine how you want your property managed while you are alive and how your assets should be distributed after your death.

What is Probate Court?

Probate court has jurisdiction over wills and distribution of property and assets of people who are deceased.

What is Power of Attorney?

Power of attorney gives someone written authority to act in your name with regard to your financial and business affairs.

Contact our New Mexico Wills & Trusts Lawyer Now!