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The New Mexico Land Grant Permanent Fund (LGPF) is a sovereign wealth fund that provides revenues to New Mexico's public schools and universities, among other special beneficiaries. Its assets include mineral rights throughout the state. [2]
Asset protection (sometimes also referred to as debtor-creditor law) is a set of legal techniques and a body of statutory and common law dealing with protecting assets of individuals and business entities from civil money judgments. The goal of asset protection planning is to insulate assets from claims of creditors without perjury or tax evasion.
Guaranteed asset protection insurance (or GAP Insurance) is an insurance coverage offered as a supplement to automobile insurance policies or auto loans. A GAP policy covers the difference between the value of a car (i.e., what the insurance company will typically pay) and what the borrower owes on the loan if the car is totaled or stolen.
Aug. 16—The political battle over public safety in New Mexico is playing out on the ground between two state agencies that represent separate branches of government. At issue are unspent public ...
An asset protection trust protects your assets from creditors and lawsuits. These are typically irrevocable trusts, meaning once they’re established, you’ll no longer have control of the ...
e. The homestead exemption is a legal regime to protect the value of the homes of residents from property taxes, creditors, and circumstances that arise from the death of the homeowner's spouse. Such laws are found in the statutes or the constitution of many of the states in the United States. The homestead exemption in some states of the South ...
Most asset protection trusts established by U.S. settlors are considered "grantor trusts" under U.S. income tax law, meaning that all income of the trust is reportable on the grantor's (i.e., the settlor's) individual income tax return. Asset-protection trusts do not, in and of themselves, offer any tax advantages under U.S. income tax law.
Aug. 10—The state of New Mexico spent $114,765 fighting a civil rights lawsuit a Gallina man filed against state police in 2023 before agreeing to settle the case for $380,000 in 2024. This ...
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