Each year, we at New Mexico Financial & Family Law award $1,000 to a deserving member of our nation’s armed forces with the intent of aiding them through higher education.... The post Congratulations to Ke’Undra Gibson, Winner of the 2024 NMFF Veterans’ Scholarship appeared first on New Mexico Financial & Family Law ..read more

On March 16, 2023, the New Mexico Legislature passed sweeping legislation which significantly increased the homestead exemption for New Mexicans from $60,000.00 per person up to $150,000.00 per person. This increase is part of a $1.1 billion tax relief plan aimed at… The post Homestead Exemption Bill Passed by New Mexico Legislature in 2023 appeared first on New Mexico Financial & Family Law ..read more

What can affect my taxes in a divorce? There are a variety of factors that can have an effect on your taxes after a divorce. Some of the most common issues include: Your filing status. If you have obtained a final decree of divorce by December 31 of the tax year, then you can file as Single or Head of Household (if you have a dependent). Claiming dependents. Most often the primary custody parent (or custodial parent) is legally allowed to claim the child as a dependent. Review your divorce agreement and parenting plan. These documents should address who gets to claim the child as a depen ..read more

The impact of serving in the U.S. Armed Forces goes well beyond the life of the person who served. It also affects the others they helped during their service, and the lessons they brought back to the family and friends they surrounded themselves with once their service was complete. Briauna Greenwood’s story is emblematic of that second category of those affected positively by a life dedicated to military service. Her father was a Navy man, who served in a variety of operations all throughout the world — encompassing West Pakistan, Hong Kong, Australia, and South Korea — and on a number of n ..read more

Leading Financial and Family Law Attorneys Types of Bankruptcy Claims Tweet For most folks, filing bankruptcy is a last resort. In fact, many people feel that it is their responsibility to pay off their debt and a failure to do so means neglecting their duty. However, congress created the bankruptcy safety net for a reason, and if you’re drowning in debt and there appears to be no way out, filing bankruptcy may be your best option to discharge the debt and get back on your feet. The two most common type of bankruptcy chapters in the United States for individuals are Chapter 7  ..read more

The impact of serving in the U.S. Armed Forces goes well beyond the life of the person who served. It also affects the others they helped during their service, and the lessons they brought back to the family and friends they surrounded themselves with once their service was complete. Briauna Greenwood’s story is emblematic of that second category of those affected positively by a life dedicated to military service. Her father was a Navy man, who served in a variety of operations all throughout the world — encompassing West Pakistan, Hong Kong, Australia, and South Korea — and on a number of n ..read more

You and I have always heard that marriages today face a 50% divorce rate. This is true and not true at the same time. There are many ways divorce rate is measured, so the rate differs greatly depending on how you measure it. Not only that, but there are also different circumstances affecting divorce rates, and should be taken into account. For instance, do we measure divorce across all measurable time to include that era where divorce was generally frowned on by society? Or do we just use numbers from a few years ago when divorce reached its peak? Then there are individual determinations that ..read more

You and I have always heard that marriages today face a 50% divorce rate. This is true and not true at the same time. There are many ways divorce rate is measured, so the rate differs greatly depending on how you measure it. Not only that, but there are also different circumstances affecting divorce rates, and should be taken into account. For instance, do we measure divorce across all measurable time to include that era where divorce was generally frowned on by society? Or do we just use numbers from a few years ago when divorce reached its peak? Then there are individual determinations that ..read more

Our nations’ veterans are multitalented. After serving their country, many go on to obtain a degree and seek a professional career. To assist them in seeking out their dreams, New Mexico Financial & Family Law pledges to assist veterans in their educational journey.  We are providing $1,000 to selected qualified entrants. All that it takes to apply are some basic contact details, a short essay submission, and proof of enrollment or acceptance into an accredited higher education institution.  The annual deadline for submissions is November 30th. Scholarship winners are then select ..read more

COVID-19 Updates: In order to prevent/slow the spread of COVID-19 New Mexico Financial and Family Law has implemented the following: All staff has been set-up to work remotely from home if they so choose. Any exposure to COVID by an employee results in mandated remote working for 11 days. Upon notification of COVID exposure, the office is first sanitized followed by a professional cleaning crew coming in and thoroughly cleaning the office. All staff is asked to take a COVID test and provide negative results before returning to the office. NMDOH is notified of exposure. We are currently not see ..read more