This form is a Deed of Distribution where the Grantor is the executor or personal representative of an estate and the Grantees are the beneficiary(ies) of the estate. Grantor conveys the described property to the Grantee(s). This deed complies with all state statutory laws.
Albuquerque New Mexico Personal Representative's Deed of Distribution of Mineral Rights
Category:
State:
New Mexico
City:
Albuquerque
Control #:
NM-034-78
Format:
Word;
Rich Text
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Description
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FAQ
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.
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).
The General Mineral Deed in New Mexico Quitclaims oil, gas, and mineral rights from the grantor to the grantee. THIS IS NOT A LEASE. There are no Exceptions or Reservations included. The transfer includes the oil, gas and other minerals of every kind and nature.
A probate may be started up to three (3) years after a person's death. Probates are not always required in New Mexico. do anything else necessary on behalf of the estate.
STATE LAND OFFICE: If the mineral rights are owned by the state, you can contact the State Land Office Minerals Program at (505) 827-5750, and this website for Lease Information ? Minerals. An Internet search for ?who owns the mineral rights to my property? will provide links to information.
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.
STATE LAND OFFICE: If the mineral rights are owned by the state, you can contact the State Land Office Minerals Program at (505) 827-5750, and this website for Lease Information ? Minerals. An Internet search for ?who owns the mineral rights to my property? will provide links to information.
It grants the Secretary of the Interior the right to grant applicants exclusive permits to mine for certain potassium salts for a maximum of two years in an area no greater than 2,560 acres of land. The Multiple Mineral Development Act of 1954.
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.