Learn More About Estate Planning And Probate Law in Wagon Mound, New Mexico

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Wagon Mound is a village in Mora County, New Mexico, United States. It is named after and located at the foot of a butte called Wagon Mound, which was a landmark for covered wagon trains and traders going up and down the Santa Fe Trail and is now Wagon Mound National Historic Landmark. The shape of the mound is said to resemble a Conestoga wagon. As of the 2000 census, the village population was 369. It was also called Santa Clara for many years. The village, with brightly painted houses and several stores and shops, is located on the plains of northeastern New Mexico. Interstate 25, which skirts the west side of town, gives a view of the majority of the town. Wagon Mound is not growing rapidly, but it has seen new construction along I-25, with new buildings on the northeast side of town as well. A planned high-speed commuter rail line between Santa Fe and Raton bodes well for the future of this small community.

Estate Planning And Probate Law Lawyers In Wagon Mound New Mexico

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What is estate planning and probate law?

Estate planning is the process of anticipating and arranging for the disposal of an estate. Estate planning typically attempts to eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses. Estate planning attorneys advise clients on their options for disposition of real and personal property after death, and create any number of necessary documents pertaining to the estate and finances of the client -- including wills and trusts. Estate planning law attorneys also assist clients in setting out their end-of-life health care wishes through living wills and health care powers of attorney.

Answers to estate planning and probate law issues in New Mexico

What happens to the property of a person with and without a will?

The law dealing with estates governs the passing of the property of people who have passed away as well as people...

What are the tax consequences of death?

In the administration of any estate of a person who has passed away, there may be significant tax consequences. An...

What is probate?

When a person dies, someone must step in to wind up the deceased persons affairs. Bills must be paid, property must...

Who should you choose as an executor of your will?

An executor is the person you name in your will to handle your property after death. The executor--called a personal...

What is a living trust?

A trust is an arrangement under which one person, called the trustee, holds legal title to property on behalf of...

Will my estate have to pay taxes after I die?

The federal government imposes estate taxes only if your property is worth more than a certain amount at your death...

What are the legal requirements for writing my own will?

Every adult should have a will. A will makes sure that your property goes where you want it to go, and makes the...