Revocation of Transfer on Death Deed - Beneficiary Deed - New Mexico - Individual to Individual: This form is a revocation of a transfer on death or beneficiary deed. It must be made by the record owner at any time prior to the death of the record owner by the record owner executing, acknowleding and recording in the office of the county clerk in the county where the real property is located an instrument describing the interest and revoking the designation. The signature, consent or agreement of or notice to the grantee beneficiary(ies) is not required. A properly executed, acknowledged and recorded transfer on death deed is not revoked by the provisions of a will.
Albuquerque New Mexico Revocation of Transfer on Death Deed or TOD - Beneficiary Deed for Individual to Individual
Category:
State:
New Mexico
City:
Albuquerque
Control #:
NM-019-78
Format:
Word;
Rich Text
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Description
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How to fill out New Mexico Revocation Of Transfer On Death Deed Or TOD - Beneficiary Deed For Individual To Individual?
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FAQ
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).
Residential Property Transfer Declaration Affidavit 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.
A New Mexico deed is used to legally convey real estate between parties in New Mexico. In order to transfer property, with a deed, you will need the names of the seller, or grantor, the names of the buyer, or grantee, the legal description of the property and an acknowledgment by a notary public.
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.
If there isn't a will, the court will appoint someone, usually an adult child or surviving spouse, to be the executor or personal representative. The executor or personal representative takes care of the estate of the decedent.
A New Mexico deed is used to legally convey real estate between parties in New Mexico. In order to transfer property, with a deed, you will need the names of the seller, or grantor, the names of the buyer, or grantee, the legal description of the property and an acknowledgment by a notary public.
Despite the amounts involved, it is possible to transfer ownership of your property without money changing hands. This process can either be called a deed of gift or transfer of gift, both definitions mean the same thing. Executing a deed of gift can be a complex undertaking, but it isn't impossible.
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.
