Upon the death of a loved one, probate is not always necessary. If there are no assets, or very little in the way of assets, probate is probably not necessary. • If all assets are in a joint ownership, • or for insurance policies and retirement accounts that have a named beneficiary, • or for […]
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Probate, Estates and New Mexico Legislation on the Estate Tax
By attorney on July 15, 2016 in Blog, Estate Planning, Estate Taxes, Note from the Probate Attorney’s Desk
Notes from the Probate Attorney’s Desk Probate – The Estate Tax was one of the most hotly contested tax topics in 2013. Where we sit in 2016 is a permanent extension of the $5.1 Million dollar threshold for the tax to take effect. For New Mexico, this will only affect a handful of people inheriting […]