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.
Las Cruces New Mexico Personal Representative's Deed of Distribution of Mineral Rights
Category:
State:
New Mexico
City:
Las Cruces
Control #:
NM-034-78
Format:
Word;
Rich Text
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Description
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How to fill out New Mexico Personal Representative's Deed Of Distribution Of Mineral Rights?
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FAQ
When someone dies without a will they are said to have died 'intestate' and no one has immediate authority to act as their personal representative. Instead, one of their relatives needs to apply to the Probate Registry for a grant of letters of administration.
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.
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.
Normally, a probate case must be filed within 3 years of the decedent's death. There are exceptions to this time limit, including when there is no Will and probate is necessary to confirm title to property such as real estate.
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.
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.
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).