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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.

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 '...

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(505) 835-6580 - ABQ

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Karin@fosterlegaladvisorygroup.com

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