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Does New Mexico have a beneficiary deed?

Use this form to leave your New Mexico real estate without probate. You retain ownership, responsibility, and control over the property during your life. After your death, ownership transfers to the beneficiary you name.

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

There are three ways to revoke a recorded TOD deed: (1) Complete and acknowledge a revocation form, and record it in each county where the property is located. (2) Complete and acknowledge a new TOD deed that disposes of the same property, and record it in each county where the property is located.

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

A New Mexico TOD deed becomes effective only if it is recorded with the county clerk's office where the property is located. If there is more than one property and they are in more than one New Mexico county, the property owner should record the TOD deed in each county.

What is a life estate in land law?

Also known as an estate for life. In a real estate context, an interest in real property that terminates once a person expressly identified in a life estate agreement dies. Life estates are measured either by the life of the property recipient or by the life of some other person.

What is a personal representative deed in New Mexico?

A PR appointed informally by the Probate or District Court has legal authority to sell real property and to transfer title to it via a \u201cPersonal Representative's Deed\u201d from the estate to the new owner(s). It is the PR's job to have this deed prepared, signed, acknowledged before a notary public, and properly recorded.

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