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A limited liability company operation agreement with pen

Does My LLC Need an Operating Agreement?

For people creating a business entity, especially for a single-owner business, establishing a limited liability company (LLC) can be a great option. First and foremost, as the name suggests, an LLC can protect the business owners from personal liabil… Read More
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Categories: Business Planning
What is “Capacity” to…

What is “Capacity” to Make a Will?

In order for a legal document like a will to be valid, it must meet certain requirements. One of those requirements is that the person executing (signing) the document must have “legal capacity.” Having the legal capacity to make a will is also c… Read More
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Categories: Estate Planning
Will-Based Estate Plan or…

Will-Based Estate Plan or Trust-Based Estate Plan: Which is Better?

If you’re thinking about making, or updating your estate plan, you may be wondering whether you need a will, a trust, or both. Many people are unclear about the difference between a will and a trust, so if you are, too, you’re in good company. Un… Read More
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Categories: Estate Planning
What Are the Different Ty…

What Are the Different Types of Deeds?

Most people know that real estate is transferred by deed. But many people don’t have a solid understanding of what a deed is, what the different types of deeds are, and why those differences matter. What is a Deed? A deed is a legal instrument, a d… Read More
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Categories: Real Estate
estate planning

What Does It Mean to “Fund a Trust?”

Living trusts, and other types of trusts can be essential estate planning tools. Trusts allow assets to pass more easily to intended beneficiaries outside of probate. Depending on the type of trust, it can provide other benefits like reducing taxes o… Read More
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Categories: Estate Planning
Real estate agent

What’s the Difference Between an Option and a Right of First Refusal in Real Estate?

Real estate terminology can be confusing, but it is important to understand the differing meanings of similar terms because those differences can affect your rights and responsibilities. In our office, we are sometimes asked about the difference betw… Read More
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Categories: Real Estate
open business sign

Choosing a Business Entity: LLC, S Corporation, or C Corporation?

Starting a business is exciting; it’s an opportunity to control your own destiny, build wealth, and add value to your community. It can also be daunting to be the person making all the decisions. And while you are knowledgeable about the goods or s… Read More
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Categories: Business Planning
elderly couple working on a document

Should You Have a Prenup in Your Estate Plan?

Most people hear the phrase “prenuptial agreement” and think “divorce.” And while it’s certainly true that having a prenuptial agreement in place can make a divorce easier if it happens, prenups have an important place in the estate plannin… Read More
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Categories: Estate Planning
Power of Attorney paperwork

New Mexico Financial Powers of Attorney: What You Need to Know

When people think of estate planning, they tend to think of planning for what happens after they die. That is important, to be sure, but estate planning also addresses your needs while you are alive. Many people, during their lifetime, will be unable… Read More
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Categories: Estate Planning
father sitting in chair with three young children

How to Choose a Guardian for Your Children

How to Choose a Guardian for Your Children: One of the reasons people put off estate planning, even though they know it’s important, is that it forces them to confront the reality of their mortality. While we all know that (someday) we’re going t… Read More
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Categories: Estate Planning

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