When one spouse is self-employed, the financial aspects of divorce can feel like a Gordian Knot. Income fluctuates. Expenses blur. Value isn’t always obvious. And in a community property state like New Mexico, where the value of most assets and debts acquired during the marriage must be divided equally, the challenge...
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It’s been said that numbers don't lie. And in a narrow sense, that's true. A number is a number. But anyone who has ever run a business knows that different numbers tell very different stories. Net income on a tax return is not the same as cash in the bank. Owner distributions...
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Back in 2020, the late, great Jimmy Buffett released a catchy little tune called “Mailbox Money” about the joy of living off of royalty checks. If any other artist tried to write something similar it would come off as crass, but Buffett made it sound aspirational. Who wouldn’t want to cruise...
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Polygamy is illegal in New Mexico. But if you and your spouse took out a mortgage together, opened joint credit cards, or personally guaranteed a business loan, you've been in a three-way relationship this whole time. And your lender is not going to want to call things quits just because you and...
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Knowing what assets you have on your balance sheet is part of being a business owner. You could probably do a back of the envelope estimate of your company’s current value in just a few minutes if you really needed to.
But if you are like many of the...
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Figuring out how to co-parent after separation can feel overwhelming. A well-structured child custody agreement helps reduce conflict, set expectations, and protect your child’s well-being. Below, we break down what custody agreements are, what to include, and how to create one that works long-term.
It is not uncommon for businesses in the Albuquerque area to have silent partners. These people have an ownership interest in the business, and are invested in its success, but they don’t participate in day-to-day operations.
What some business owners don’t realize is that they may...
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Same sex divorce in New Mexico follows many of the same legal rules as any other divorce. However, issues like the length of the relationship before marriage and parental rights can create additional challenges. Understanding these differences can help you make informed decisions.
From the nomadic tribes that moved throughout the Rio Grande valley for thousands of years, to modern day families that come to the Albuquerque area looking for a better quality life, New Mexico has long been a place where people are on the move.
It should therefore come as...
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Divorce mediation is an alternative to traditional litigation that allows couples to resolve disputes collaboratively. Instead of fighting in court, mediation helps you reach agreements faster, privately, and with more control over the outcome. Below are the top benefits of choosing mediation in New Mexico.
