Trusts in New Mexico From A to Z

NM Specific

Trusts, Estates & Probate

Trusts in New Mexico From A to Z

Credits Available

Credit	Status	Total	Until
New Mexico CLE	Approved	6.6 Total	12-11-2027
Texas CLE	Approved	6.75 Total	11-30-2026

OnDemand

6 hours 35 minutes

With Feliz M. Martone from Legal Legacy Trusts & Estates + 4 others

Recorded December 11, 2025

Product ID 100986

Overview

The Ultimate Pros and Cons Guide to Top Wealth Planning Techniques

Planning your clients' financial future and legacy is diverse and complex, with a unique tool for every unique client situation. In this fast-paced comprehensive program, our faculty will guide you through the plethora of trust options and give you a straightforward, incisive analysis of when and how each can be used for maximum effect. Explore the goals, functions, administration hurdles, and tax implications of the top trusts in the practice. Choose the best tool for the job every time - register today!

Weigh all the pros and cons to select the best trust options for specific client situations.
Anticipate tax consequences of various trusts.
Use sample trust language our faculty provide to save drafting time and avoid mistakes.
Clarify the powers and duties of trustees in different trusts.
Compare living and testamentary trusts for straightforward estate planning.
Distinguish between accounting and taxable income and learn how trust income tax is reported.
Review common ethical missteps that can cost you your license - and how to avoid them.

Abbreviated Agenda

What are Trusts? Main Trust Principles
Simple Testamentary Trusts and Revocable Living Trusts
Legal Ethics
Grantor Trusts
Other Trust Structures and Issues
Generation Skipping/Dynasty Trusts
Charitable Trusts
Special Needs Trusts (SNTs)
Tax Reduction with Trusts

Agenda

All times are shown in

What are Trusts? Main Trust Principles
1. Trust Terms, Concepts, and Definitions
2. Key Parties in a Trust and Their Roles
3. The Laws of Trust Creation and Administration (UTC, UPA, UPIA, etc.)
4. Trust Revocability and its Implications
5. Trust Funding Basics
6. Creditor Rights in Regards to Trusts
7. Does the Client Need a Trust?
Simple Testamentary Trusts and Revocable Living Trusts
1. When are Testamentary Trusts Used?
2. Living vs. Testamentary Trusts for Tax Purposes
3. Trust Funding Mistakes and Consequences
4. Top Trust Administration Issues
5. Sample Trust Language
Legal Ethics
1. Who Is Your Client? The Most Important Question in Trusts Practice
2. Top Legal Malpractice Risks
3. Testator Capacity Issues
4. Dealing with Trust Beneficiaries
5. Protecting Confidentiality
6. Preventing Fiduciary Misconduct
Grantor Trusts
1. Types of Grantor Trusts and When They are Used
2. Intentionally Defective Grantor Trusts
3. Tax Planning, Requirements, and Consequences
4. Trustee Powers and Duties
5. Grantor Trust Status and Reporting
6. Exceptions to the Rules
7. Sample Trust Language
Other Trust Structures and Issues
1. Minors' Trusts
2. IRA Trusts
3. Pet Trusts
4. Medicaid Trusts
5. Asset Protection Trusts
6. Irrevocable Life Insurance Trusts
7. Incomplete Non-Grantor Trusts
8. Gun Trusts
9. Trust Decanting, Modification, and Dissolution
10. Smaller Estate Trusts
11. Constructive Trusts
Generation Skipping/Dynasty Trusts
1. GST Tax and Other Tax Considerations
2. When are Dynasty Trusts Used?
3. Trustee Powers and Duties and Administration Challenges
4. Exceptions to the Rules
5. Sample Trust Language
Charitable Trusts
1. When are Charitable Trusts Used?
2. CRTs vs. CLTs
3. Tax Planning, Requirements, and Consequences
4. Trustee Powers and Duties and Administration Issues
5. Exceptions to the Rules
6. Charitable Planning in Smaller Estates
7. Sample Trust Language
Special Needs Trusts (SNTs)
1. When are SNTs Used? (SNTs vs. ABLE Act Accounts)
2. Types of SNTs
3. Tax Consequences of SNTs
4. Preserving Benefits Eligibility
5. Trustee Powers and Duties (What Can the Distributions be Used for?)
6. Sample Trust Language
Tax Reduction with Trusts
1. Current State and Federal Tax Regime
2. Taxation of Trusts: Transfer and Income
3. Accounting vs. Taxable Income
4. Tax Consequences of Distributions
5. Tax Implications of a Trust Becoming Irrevocable
6. Accumulation Distribution for Some Complex Trusts
7. Material Participation by Trusts
8. Tax Consequences of Trusts in Estate Administration

Who Should Attend

This basic level online seminar is designed for the professionals involved in creating and administering trusts:

Attorneys
Accountants and CPAs
Trust Officers
Tax Managers
Wealth Managers

Speakers

Feliz M.

Martone

Legal Legacy Trusts & Estates

John A.

Budagher, III

Budagher & Tann

Eraka L.

Childs

The Childs Legacy Law Firm P.C.

Coretta T.

Graham

Graham Legal Services

Malea A.

McKeown Nicholson

Fireside Law

Speaker bio

Feliz M. Martone

Legal Legacy Trusts & Estates

Feliz Martone

brings over 18 years of legal experience to her practice, with a mission to provide compassionate, comprehensive estate planning services tailored to her clients' unique needs. Ms. Martone began her career representing disabled individuals for more than a decade, working alongside her father, attorney Gary Martone, to form a dynamic team that fought tirelessly for adults and children seeking Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) benefits. This deep understanding of disability law and advocacy laid the foundation for her current focus on helping families secure their futures through thoughtful estate planning. Ms. Martone specializes in educating her community on the importance of incapacity planning, wealth preservation, and ensuring that life's unexpected events are met with clarity and preparedness. A sought-after expert, Ms. Martone shares her knowledge at workshops, conferences, and community events, providing valuable insights to diverse audiences on estate planning, special needs trusts, and financial preparedness. A proud Albuquerque native, Ms. Martone began her educational journey at Santa Clara University, where she earned a bachelor's degree in English with a minor in Spanish Literature. After gaining valuable experience in law firms in San Diego, she returned to New Mexico to pursue her Juris Doctorate at the University of New Mexico School of Law, graduating in 2005. During law school, she demonstrated her dedication to public service, working with the New Mexico Center for Law and Poverty and gaining practical experience through the Family Law Clinic. Today, Ms. Martone's practice is dedicated to estate planning and incapacity solutions, where she empowers individuals and families to make informed legal and financial decisions. She is fluent in English and Spanish, enabling her to serve a diverse range of clients and connect meaningfully with her community. Beyond her professional life, Ms. Martone is a proud mother of three and cherishes quality time with her family. Her commitment to creating a legacy of empowerment and peace of mind extends beyond her practice, as she actively participates in organizations such as the Albuquerque Women in Business for Good, the New Mexico Estate Planning Council, and the Hispanic Women's Council. Whether through securing disability benefits in the past or now crafting estate plans that provide clarity and protection, Ms. Martone is driven by her passion for making a meaningful impact on the lives of individuals and families. With Ms. Martone and her firm by your side, you can trust your legal matters will be handled with care, professionalism, and a focus on securing your peace of mind.

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In the unlikely event that NBI cancels or reschedules an upcoming program, each registered attendee will be contacted via email by a representative of NBI. Outreach to attendees begins as soon as NBI is made aware that a program will not move forward at its originally scheduled date and time.

Are multiple attendee discounts available?

Yes, the more people you bring from your organization, the more you save. After the first registration, each additional attendee receives a special discount off of their total tuition.

When will the OnDemand be available and how long will I have access to the content?

The OnDemand Video will be available to stream within 14 days of live broadcast date. You will have access to the content for 6 months in your account. If you’re a subscriber, you’ll have access to your course recordings until 7 days after the expiration date of the subscription.

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When you enroll prior to the live event date you will receive access to the live-streaming webinar which will allow you to interact with faculty in real-time. With each course, you will receive access to the content via OnDemand Streaming and the Video Download. Course reference materials are included with each course purchase in a downloadable PDF format.

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Can multiple people watch courses and request credit?

While only paid registrants can receive continuing education credit for attending, there are no limitations to the number of viewers at each connection.

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