Bluewater Estate Lawyer, New Mexico

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Forrest G Buffington

Accident & Injury, Medical Malpractice, Personal Injury
Status:  In Good Standing           Licensed:  46 Years

Kristina L. Faught-Hollar

Divorce & Family Law, Estate, Lawsuit & Dispute
Status:  In Good Standing           

Arianne E. Depauli

Corporate, Natural Resources, Estate Planning, Constitutional Law
Status:  In Good Standing           

Douglas William Fowles

Landlord-Tenant, Estate Planning, Employee Rights, Corporate
Status:  In Good Standing           

Gary R. Fernandez

Personal Injury, DUI-DWI, Family Law, Estate Planning, Litigation
Status:  In Good Standing           

James J. Mason

Immigration, Federal Trial Practice, Estate Planning, Bankruptcy & Debt, Commercial Real Estate
Status:  In Good Standing           

Janet A. Yazzie

General Practice
Status:  In Good Standing           

Jennifer A. Henry

Corporate, Mediation, Landlord-Tenant, Estate Planning
Status:  In Good Standing           

Jennifer A. Henry

Real Estate, Traffic, Wills & Probate, Employee Rights
Status:  In Good Standing           

Jeremy Gay

General Practice
Status:  In Good Standing           Licensed:  10 Years

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Free Help: Use This Form or Call 800-943-8690

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800-943-8690

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Lawyer.com can help you easily and quickly find Bluewater Estate Lawyers and Bluewater Estate Law Firms. Refine your search by specific Estate practice areas such as Estate Planning, Trusts, Wills & Probate and Power of Attorney matters.

LEGAL TERMS

NET ESTATE

The value of all property owned at death less liabilities or debts.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)
A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)
The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)
A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

HEIR APPARENT

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

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)
In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

PETITION

A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elde... (more...)
A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elderly relative, you must file a petition with a court. See also complaint.