Chacon 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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Leslee C. Petersen

General Practice

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CONTACT

Arroyo Seco, NM 87514

Beatriz Rivera

Trusts, Estate Planning

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740 Calle Altamira, Santa Fe, NM 87501

Frank Kenneth Bateman

Trusts, Estate

Status: Licensed: 59 Years

CONTACT

Santa Fe, NM 87504

Chelsea E Allen

Trusts, Estate Planning, Family Law, Oil & Gas, Personal Injury

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431 St Michaels Dr, Santa Fe, NM 87505

Christie L. Coleman

Personal Injury, Divorce, Trusts, Estate Planning, Wills & Probate

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307 Johnson St, Santa Fe, NM 87501

Roxie De Santiago

Civil Rights, Trusts, Business, Immigration

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1800 Old Pecos Trail, Santa Fe, NM 87505

Ralph H. Scheuer

Real Estate, Wills & Probate, Trusts, Estate

Status:

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Santa Fe, NM 87504

Elizabeth C. Clifford

Estate, Trusts, Energy, Telecommunications

Status:

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Santa Fe, NM 87504

Billy J. Jimenez

Corporate, Trusts, Estate Planning, Commercial Real Estate

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Santa Fe, NM 87502

Samuel Konigsberg

Trusts, Real Estate

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CONTACT

Santa Fe, NM 87501

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LEGAL TERMS

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.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

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.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

ADEMPTION

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

TITLE COMPANY

A company that issues title insurance.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

MARITAL LIFE ESTATE TRUST

See AB trust.

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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Chacon Trusts Lawyer, New Mexico

Sponsored Law Firm

Law Office of Cristy J. Carbon-Gaul

SPONSORED LAWYERS

Leslee C. Petersen

Beatriz Rivera

Frank Kenneth Bateman

Chelsea E Allen

Christie L. Coleman

Roxie De Santiago

Ralph H. Scheuer

Elizabeth C. Clifford

Billy J. Jimenez

Samuel Konigsberg

TIPS

LEGAL TERMS

ENDOWMENT INSURANCE

SPECIFIC BEQUEST

FINAL BENEFICIARY

SUCCESSOR TRUSTEE

ADEMPTION

INCOMPETENCE

TITLE COMPANY

INHERITANCE TAXES

MARITAL LIFE ESTATE TRUST

SAMPLE LEGAL CASES

In the Matter of Stein

IN RE CABLE FAMILY TRUST JUNE 10, 1987

Mintz v. Zoernig

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