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The law in New Mexico allows an owner of real property (land or house) to transfer that property to another person (grantee beneficiary) through the use of a Transfer on Death Deed (TODD).
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.
Related Content. A person who has been issued with a grant to administer a deceased person's estate. In practice, the term is commonly used in the broader sense of a person who is entitled to apply for a grant and administer the estate.
When someone dies owning an interest in real estate, the legal instrument used to convey the property is a Personal Representative's Deed. In the deed, the Personal Representative (\u201cPR\u201d) of the estate transfers the deceased owner's interest to either a third-party buyer or an estate beneficiary.
Related Content. A person who has been issued with a grant to administer a deceased person's estate. In practice, the term is commonly used in the broader sense of a person who is entitled to apply for a grant and administer the estate.
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A Personal Representative's Deed is the form of deed commonly used in connection with the sale of real property owned by an estate.
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.
Probate is not required to deal with the property but may be needed if the deceased's estate warrants it. Much will depend on what the deceased owned and what the beneficiaries intend to do with the property.

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