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Legal Resources: Estate Planning

The Environment is Changing for Estate Planning – here is an update.

Michael Ferrin | March 16, 2021 | Estate Planning

With a Democrat-dominant Senate, major adjustments to the estate and gift tax rules may be proposed by Congress soon. The modifications could potentially reverse parts of the Tax Cuts and Jobs Act of 2017 (“TCJA”), which was passed by the

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How to transfer real estate to your children in New Mexico without going through probate

Ingrid M. Carlin | November 18, 2020 | Estate Planning

We get a lot of calls from Legal Shield Members regarding what the best way would be to transfer their property to their adult children without having to go through probate. There are several different ways you can transfer property

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Election Protection: How to Guard Your Assets by Putting a Strategic Gifting Plan in Place NOW

Michael Ferrin | September 21, 2020 | Estate Planning

November Could Bring About Dramatic Changes to Estate Taxes Retroactive to January 2021 If you have assets that total $3,500,000 or more, you should seriously explore whether you need to do some estate tax planning before the end of the

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Exposing Myths Regarding Living Trusts! Number One: They Are All the Same

W. John Skabelund | July 13, 2020 | Asset Protection, Estate Planning

All Living Trusts Are the Same, Right? One of the most common myths about estate planning is that all living trusts are the same.  I am told, “I already have a living trust.  I’m covered.”  However, after reviewing the living

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COVID-19 Has Pet Owners Thinking it is Time For a Pet Trust

Sarah Clifford | July 7, 2020 | COVID-19, Estate Planning

If the current COVID-19 pandemic has you thinking abut getting your affairs in order, you are not alone.  For pet owners, the care of your furry loved ones is also a priority.  Just as you can set up a trust

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COVID-19 – Your Health and Your Finances

Michael Ferrin | March 18, 2020 | COVID-19, Estate Planning

COVID-19 impacts almost every area of life and the community.  Although we cannot address the myriad of possible issues that may arise, rest assured that as a full-service law firm we are here to help.  Whether it is employment, financial,

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A New Law Changes Almost Everything with Your Retirement Accounts – Time for An Estate Plan Checkup

W. John Skabelund | January 3, 2020 | Estate Planning, Wealth Management

On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act). The SECURE Act is effective January 1, 2020. The Act is the most impactful legislation affecting retirement accounts in decades. The SECURE

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FOUR ESTATE PLANNING TOOLS EVERYONE NEEDS

Robert Sewell | December 10, 2019 | Estate Planning

WARNING: At some point in your life the unexpected will happen.  If that “unexpected” is sickness, becoming mentally incompetent, or dying, you will need certain legal tools to get you through that period.  As you are guaranteed to either get

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When Your Child is a Furry Friend: 5 Things to “Chew” On Before You Meet With an Estate Planning Attorney

Sarah Clifford | September 19, 2019 | Estate Planning

For most people, pets aren’t just animals—they’re the excited “hello” when we get home from a long day of work, they’re our snuggle buddies, our jogging partners, our best friends and, ultimately, part of the family… right? Although we might

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What Is the Difference Between a Living Will and a Do-Not-Resuscitate Order?

Charlotte C. Johnson | June 4, 2019 | Elder Law, Estate Planning

  It is a very good idea to create advance directives in order to plan for the possibility that you may one day be unable to make your own medical decisions. In doing so, there can be confusion about the

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