Dona Ana County, NM Estate Lawyers, 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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Kenneth L. Beal

General Practice

Status: In Good Standing

CONTACT

Las Cruces, NM 88004

Lloyd O. Bates

General Practice

Status: In Good Standing

CONTACT

Las Cruces, NM 88004

E'Rin L. O'Connell

Estate Planning, Insurance, Personal Injury, Accident & Injury

Status: In Good Standing

CONTACT

1020 S Main St, Las Cruces, NM 88005

Lawrence M. Pickett

General Practice

Status: In Good Standing

CONTACT

Las Cruces, NM 88004

Kyle H. Moberly

General Practice

Status: In Good Standing

CONTACT

3948 E Lohman Ave, Las Cruces, NM 88011

John A Darden

Business, Trusts, Commercial Real Estate

Status: In Good Standing Licensed: 55 Years

CONTACT

410 Palmer Rd, Las Cruces, NM 88004

M. Lea Brownfield

Wills

Status: In Good Standing Licensed: 36 Years

CONTACT

Mesilla, NM 88046

Carolyn J. Waters

Gift Taxation, Estate Planning, Wills, Divorce & Family Law

Status: Inactive

CONTACT

Las Cruces, NM 88013

Carolyn J. Waters

Family Law, Commercial Real Estate, Estate, Divorce & Family Law

Status: Inactive

CONTACT

Las Cruces, NM 88013

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LEGAL TERMS

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

CERTIFICATION OF TRUST

See abstract of trust.

QDOT TRUST

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spo... (more...)

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spouse. QDOT stands for qualified domestic trust.

TAKING AGAINST THE WILL

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property.... (more...)

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property. The surviving spouse can take that share instead of accepting whatever he or she inherited through the deceased spouse's will. If the surviving spouse decides to take the statutory share, it's called 'taking against the will.' Dower and curtesy is another name for the same legal process.

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

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).

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Dona Ana County, NM Estate Lawyers, page 4

Sponsored Law Firm

Law Office of Cristy J. Carbon-Gaul

SPONSORED LAWYERS

Kenneth L. Beal

Lloyd O. Bates

E'Rin L. O'Connell

Lawrence M. Pickett

Kyle H. Moberly

John A Darden

M. Lea Brownfield

Carolyn J. Waters

Carolyn J. Waters

TIPS

LEGAL TERMS

TRUST CORPUS

LAPSE

ENDOWMENT INSURANCE

INVENTORY

CERTIFICATION OF TRUST

QDOT TRUST

TAKING AGAINST THE WILL

HOLOGRAPHIC WILL

PER CAPITA

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