Estate Administration in Albuquerque, New Mexico

Find the right Estate Administration attorney in Albuquerque, NM

When a person dies, a process identified as "estate administration" must be carried out. This refers to all the processes which must be followed in distributing a person's estate to their heirs or devisees.

If the decedent wrote a will before his or her death in Albuquerque, New Mexico, the process will be carried out according to the directives included in the will, assuming they are legitimate and enforceable.

Frequently, the will appoints an executor whose job it is to oversee the administration of the will.

The person named as executor of an estate typically has some work ahead of them. To ensure that they truly follow through on their commitments, most people name as executor the person who will get the most money, or other benefit, if the will is given effect as written. Because an estate can't be distributed until the administration process is complete, the executor has an incentive to see it through.

What if The Will Does Not Name an Executor?

If an Albuquerque, New Mexico will does not name an executor, or no will exists or can be found, it's up to the local court to determine who should be the executor.

Typically, this will be the person who has the most to acquire from the will, or who would gain the most under New Mexico's intestacy scheme (the system that distributes the decedent's property to his or her closest living relatives, if he or she dies without a will).

If the will doesn't name anyone as executor, or the individual who was named as executor is no longer living or cannot be found, anyone who has a direct interest in the will in Albuquerque, New Mexico can apply to the court to be the executor.

Once an executor is finally named, he or she becomes responsible for serving as the living embodiment of the estate, utilizing all legal means to protect the estate's interests (such as mounting plausible legal defenses against creditors).

Can a Albuquerque, New Mexico Estate Administration Attorney Help?

If you are the administrator of an estate, and are not a legal and/or financial professional, you might confront legal or tax issues with which you are unfamiliar. An Albuquerque, New Mexico attorney would be quite helpful in such a situation.

Talk to a Wills, Trusts & Estates Law Attorney now!

Life in Albuquerque

Albuquerque is biggest city in the State of New Mexico with over 600,000 residents and 182 square miles. A percentage of the population can be attributed to the University of New Mexico, Kirkland Air Force Base, and a number of other labs and research institutes. Albuquerque is also the seat of the Diocese of the Rio Grande. The Pueblo Revival style of architecture was popularized by an Albuquerque native John Gaw Meem. A number of outstanding examples, including the University of New Mexico, exist in Albuquerque.

Otherpopular places to visitinclude Old Town Albuquerque, Sandia Mountain, and the Albuquerque Biological Park. The Petroglyph National Monument is one of the city's most popular. Albuquerque was voted Men's Fitness number one fit city because the city offers outstanding bike lanes, a number of public and private gyms, and a very low obesity and health injury rate. If you're not from Albuquerque, you may remember what it looks like from the movie Sunshine Cleaning and television shows such as Breaking Bad and In Plain Sight. The City of Albuquerque is racially very diverse and threw a festival to represent their diversity and celebrate their history at their Tri-centennial Celebration. Yes, the city has been inhabited since 1706.

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