A New Mexico Transfer on Death Deed is a legal instrument that outlines the particulars of the property transfer upon the death of the original owner. A Beneficiary Deed of this kind means the new owner obtains the property alongside all possible liens and mortgages - an advantage for the grantor who keeps their possessions which is important when the property in question is real estate. New Mexico Statutes (Chapter 45) contains rules for all individuals who draft and formalize deeds like this: describe the property to be transferred, confirm the transfer will occur after the grantor dies, and record the document with the county clerk to make your statements valid.
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