This form is a Quitclaim Deed where the grantor is an individual and the grantee is a trust. Grantor conveys and quitclaims the described property to grantee. This deed complies with all state statutory laws.
Albuquerque New Mexico Quitclaim Deed - Individual to a Trust
Category:
State:
New Mexico
City:
Albuquerque
Control #:
NM-024-77
Format:
Word;
Rich Text
Instant download
Description
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How to fill out New Mexico Quitclaim Deed - Individual To A Trust?
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FAQ
Laws. Recording (N. M. S. A. 1978, § 14-9-1) ? A quit claim deed is required to be filed at the County Clerk's Office where the property is located along with the required recording fee(s).
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.
In New Mexico, you can make a living trust to avoid probate for virtually any asset you own?real estate, bank accounts, vehicles, and so on. You need to create a trust document (it's similar to a will), naming someone to take over as trustee after your death (called a successor trustee).
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.
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).
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 ?Personal Representative's Deed? 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.
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.
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.