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*   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 .   *


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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.

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...

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 '...

The parent-child relationship is pretty defined. Children generally don’t advise their parents. However, this dynamic can shift as parents get older and adult children may start to have certain questions about the way mom and dad have planned for the eventualities of aging. 

Being aware of what plans have been made opens the door for a conversation a...

The incapacity plan you create when you graduate college will probably be different than the one you create after you get married, have a child, or learn that you have a chronic illness. Like other financial and estate planning tools, incapacity plans need to change and adapt to you over time.

1.   Change in Relationship Status. If you get married, g...

The idea that you might one day lose your mental faculties and be unable to make choices is not pleasant, but ignoring it doesn’t make it go away. As a capable, rational adult, creating an incapacity plan that addresses this possibility is something you cannot, and should not, avoid. Without an incapacity plan, you make it harder for your family and...

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