*     FOSTER LEGAL ADVISORY GROUP PC         *       www.fosterlegaladvisorygroup.com       *

*   Member New Mexico, New York and Massachusetts Bars  *   American College AEP  Candidate    *     Board Member NM Estate Planning Council    *   Rotary Del Norte - Albuquerque   *    Trusted Advisors Network   *    American Business Women's  Association    *    Wealth Counsel .   *


Property of the Foster Legal Advisory Group, PC    

CONTACT US:  505-835-6580

EMAIL:  Karin@Fosterlegaladvisorygroup.com

Office Address:  100 Sun Avenue, Suite 605,

                        Albuquerque, NM 87109

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The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

When I was growing up, one of our favorite things to do as a family was to set up the TV dinner tables, the slide projector and pile onto the couch to watch a show of our most recent exploits.  There were always laughs and tears at the embarrassing photos Dad put on that seemingly giant white screen using his fancy new and expensive projector.  The...

According to an article published on the Live Science.com[1], last March, two detectives went to a funeral home and asked to see a body. The reason? They wanted to review digital information on the dead man’s cellphone.  But to unlock the man's phone they needed his fingerprints, according to news reports. And though the detectives were granted acce...

It’s important to review the beneficiary designations on accounts like life insurance, IRAs and pensions.

There have been many cases of retirement account owners who have been divorced and remarried but failed to update their beneficiary designations.  There are even more cases of account owners failing to update designations after a change of broker...

Under the 2018 Tax Cuts and Jobs Act (TCJA), any divorce finalized after January 1, 2019 will not allow for the deduction of spousal support, also commonly known as ‘alimony’.  Because of the looming changes in the law, there has been a rush to the court-house to accelerate divorces in places like California and New York.  New Mexico does not keep u...

Although not part of the ‘direct estate,’ beneficiary designations are an important part of a person’s overall estate. So when changes occur in a person’s life, especially something as momentous as a divorce, it is especially important that changes are made to the beneficiary designation forms.  With the rising prevalence of divorce, this issue rece...

July 24, 2018

He left all his money to her?!?!

Building assets for retirement may seem like challenge enough, but designating beneficiaries to inherit those assets can bring an entirely new set of considerations into the mix.

While it may seem simple to use the first name that comes to mind (a spouse, a  child or a sibling) on the beneficiary designation form, you...

When is the last time you updated your beneficiary designations?

It's truly amazing the amount of people who have prior spouses or deceased relatives still named as a beneficiary on a retirement account at a former employer, or on a life insurance policy purchased long ago.  But leaving a spouse or significant other as a beneficiary was that due to '...

July 2, 2018

Does your retirement plan include your parents? It probably should. Chances are good that they are counting on you to handle their affairs if they die or become incapacitated.

How confident are you that you have everything you need to handle that role effectively? Do you know their wishes regarding life-prolonging care? Have they given you power of a...

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Can an adult child be liable for their parent's medical bills?

July 2, 2018

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