New Mexico Statutes 45-1-102. Rule of construction; purposes of act
A. The Uniform Probate Code shall be liberally construed and applied to promote its underlying purposes and policies.
Terms Used In New Mexico Statutes 45-1-102
- Decedent: A deceased person.
- Probate: Proving a will
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
B. The underlying purposes and policies of the Uniform Probate Code are:
(1) to simplify, clarify and modernize certain laws concerning the affairs of decedents, missing persons, protected persons, minors and incapacitated persons;
(2) to discover and make effective the intent of a decedent in distribution of the decedent’s property;
(3) to promote a speedy and efficient system for the settlement and distribution of the estate of the decedent;
(4) to facilitate survivorship and related accounts and similar property interests in New Mexico;
(5) to provide a comprehensive system of methods of disclaiming interests in property;
(6) to facilitate the use and enforcement of governing instruments; (7) to apportion taxes on estates; and
(8) to make uniform the law among the states.