Albuquerque, NM (505) 302-5456 - Phoenix, AZ (480) 734-2471
Living Trust Lawyer - Albuquerque & Rio Rancho
What is a Trust?
A living trust is a legal document, usually drafted by an estate planning attorney, which lays out instructions for how a person you appoint to manage assets during your life if you become incapacitated and after you pass away. Best part, you stay in control. You can buy sell refinance and live as you normally would. A Trust is often a good fit if you (1) own a home, (2) want privacy, and (3) want to avoid New Mexico probate court delays. If you want your family to stay a family have something written down. The guessing game is what tears siblings apart.
ATTORNEY TIP: “A properly drafted Trust does not take away your control. You are still in charge of your assets but now they are protected from the new mexico Probate courts.”
REAL LIFE EXAMPLE: A homeowner refinanced their Albuquerque home with no issues after placing it in their trust.
QUICK CHECK:
- I want to stay in control of my Assets?
- I want Instructions that follow my Final wishes?
Living Trusts for Rio Rancho Families
For Rio Rancho homeowners, a properly prepared and funded living trust can help property and other assets pass outside the probate process. We regularly help New Mexico families understand how trusts, deeds, powers of attorney and beneficiary planning work together.
Top 4 Reasons to get a Trust
The Top Four main reasons to get a Trust:
1) Avoid Probate
2) Maintain Privacy
3) Protect Family Members
4) Plan for incapacity
At the Bernalillo County, or Sandoval County Probate court a probate cases can take 6 months to several years and may last longer if issues arise. During that time, assets are inaccessible and everything becomes public record.
ATTORNEY TIP: “Probate isn’t just about time, it’s about stress and lack of control.”
REAL LIFE EXAMPLE: The last surviving parent of A large family died. Between waiting for the death certificate from the funeral home, and gathering signatures from the other heirs, added months of worry to the process before a Probate Judge finally granted access to basic accounts. This caused unlimited amount of stress and headaches for the grieving family due to the Probate process. A Trust can avoid this mistake.
RIO RANCHO EXAMPLE:
A Rio Rancho homeowner who places their home into a properly funded living trust may be able to have the property pass according to the trust rather than through probate
Living Trusts for Rio Rancho Families:
Sise Law Firm helps families in Rio Rancho and throughout Sandoval County create living trusts designed to protect their families, organize their estates, and help avoid probate. For New Mexico homeowners and families with other significant assets, a properly prepared and funded living trust can make transferring those assets easier for loved ones.
QUICK CHECK:
• I value privacy?
• I want to minimize Probate Court delays for my family?