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Small Estate Affidavit Form - New Mexico
New Mexico Small Estate Affidavit Form: What Is It?
By filling in a New Mexico Small Estate Affidavit Form , this will allow a person to collect a property of a deceased individual that they have inherited in a much quicker manner. They will legally become the new owner after the original owner passes away - regardless of whether or not a will was in place. Having a New Mexico Small Estate Affidavit will avoid the lengthy wait of the probate procedure. However, there are certain criteria which must be fulfilled in order to collect the property. These guidelines are state dependent; the guidelines for New Mexico state that:
- The document can only be filed a minimum of thirty days after the passing of the individual;
- That there is a maximal amount for the value of such properties . In New Mexico any property owned by the deceased should not be more than fifty thousand dollars. This is the total maximal value which takes into account the whole estate;
- The affidavit needs to be notarized by a notary public.
A fillable New Mexico Small Estate Affidavit Form can be downloaded by clicking the link below.
How to File a Small Estate Affidavit in New Mexico?
Filing for a New Mexico Small Estate Affidavit is a very simple process but it can also be a difficult and daunting task. We have compiled a list of our top tips that will break down and simplify the process for you. The steps can be found below:
- Ensure that you wait the minimal amount of days before you begin to file the form as outlined by the state . In New Mexico, this is thirty days;
- Make sure that you qualify and meet all legal criteria before you begin to fill in the affidavit . You should check the status of the property in regards to the probate proceedings;
- Create a list detailing all properties within the estate . This will act as proof that they do not go over the maximal amount;
- Download the form using one of our templates and start to fill it in . The property ought to be distributed as outlined in the will (if there was one in place). If not, local state laws will determine who has the right to succession. This document should be filled in and signed before a notary public;
- After the document is signed and notarized, the individual with the affidavit has the legal right to collect the property.
Download Small Estate Affidavit Form - New Mexico
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