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How do I file a transfer on death deed in New Mexico?

45-6-401 to 45-6-417.) You must sign the deed and get your signature docHubd, and then record (file) the deed with the county clerks office before your death. Otherwise, it wont be valid. You can make a New Mexico transfer on death deed with WillMaker.

How to transfer a house deed to a family member in New Mexico?

New Mexico law requires Form RPTDA when a deed transfers residential real estate to a new owner. A completed Form RPTDA must be signed by the current owner, new owner, or authorized agent and filed with the county assessor within 30 days after the deed is recorded.

What are the cons of a transfer on death deed?

In some states, such as California, multiple beneficiaries on TOD deeds cant inherit unequal property shares, and you cant name a backup beneficiary. In addition, your estate plan may be too complex for a TOD deed if you have multiple children to whom youd like to pass property.

What is a transfer on death form in New Mexico?

A transfer on death deed (TODD) is like a regular deed you might use to transfer your New Mexico real estate, but with a crucial difference: It doesnt take effect until your death. At your death, the real estate goes automatically to the person you named to inherit it, without the need for probate court proceedings.