Everyone should have a will. Without a legally valid will, the court must follow New Mexico intestate law in determining how to distribute your personal and real property, which may not follow your wishes. A will ensures your desires are met and provides guidance to your family, friends, and the court.
Although a will does not alleviate the possible need for a probate, a will does simplify the process. Further, we can discuss other planning options that may eliminate the need for a probate. A will also ensures your property is distributed in the manner you direct.
At our firm, we will meet with you for free consultation and discuss your goals. We will then set-up an estate plan to reflect your wishes.
During our initial consultation, we will also discuss whether you should consider a revocable living trust or an irrevocable trust. Unlike a will, a trust (if it is properly funded) can alleviate the need for a probate. A trust may be appropriate in several situations including: if you have children from a previous marriage, you own property in another state, you have a family member with a disability, you have a family member with a drug or gambling problem, or you want to avoid probate. A trust may also be used to help protect assets and give you more control over how your property is distributed.
Depending on your specific goals, a trust may be a great option for your estate plan. Call today for your free consultation.