§ PART 1 PROVISIONS RELATING TO EFFECT OF DEATH
§ 45-6-101 Nonprobate transfers on death
§ 45-6-102 Liability of nonprobate transferees for creditor claims and statutory allowances
§ 45-6-201 Definitions
§ 45-6-202 Limitation on scope
§ 45-6-203 Types of account; existing accounts
§ 45-6-204 Forms
§ 45-6-205 Designation of agent
§ 45-6-206 Applicability
§ 45-6-211 Ownership during lifetime
§ 45-6-212 Rights at death
§ 45-6-213 Alteration of rights
§ 45-6-214 Accounts and transfers nontestamentary
§ 45-6-216 Community property
§ 45-6-221 Authority of financial institution
§ 45-6-222 Payment on multiple-party account
§ 45-6-223 Payment on POD designation
§ 45-6-224 Payment to designated agent
§ 45-6-225 Payment to minor
§ 45-6-226 Discharge
§ 45-6-227 Set-off
§ 45-6-301 Definitions
§ 45-6-302 Registration in beneficiary form; sole or joint tenancy ownership
§ 45-6-303 Registration in beneficiary form; applicable law
§ 45-6-304 Origination of registration in beneficiary form
§ 45-6-305 Form of registration in beneficiary form
§ 45-6-306 Effect of registration in beneficiary form
§ 45-6-307 Ownership of [on] death of owner
§ 45-6-308 Protection of registering entity
§ 45-6-309 Nontestamentary transfer on death
§ 45-6-310 Terms, conditions and forms for registration
§ 45-6-311 Applicability
§ 45-6-401 Short title
§ 45-6-402 Definitions
§ 45-6-403 Applicability
§ 45-6-404 Nonexclusivity
§ 45-6-405 Transfer on death deed authorized
§ 45-6-406 Transfer on death deed revocable
§ 45-6-407 Transfer on death deed nontestamentary
§ 45-6-408 Capacity of transferor
§ 45-6-409 Requirements
§ 45-6-410 Notice, delivery, acceptance or consideration not required
§ 45-6-411 Revocation by instrument authorized; revocation by act not permitted
§ 45-6-412 Effect of transfer on death deed during transferor’s life.
§ 45-6-413 Effect of transfer on death deed at transferor’s death.
§ 45-6-414 Disclaimer
§ 45-6-415 Liability for creditor claims and statutory allowances
§ 45-6-416 Optional form of transfer on death deed
§ 45-6-417 Optional form of revocation

Terms Used In New Mexico Statutes > Chapter 45 > Article 6

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Decedent: A deceased person.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiduciary: A trustee, executor, or administrator.
  • Fraud: Intentional deception resulting in injury to another.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Grantor: The person who establishes a trust and places property into it.
  • Inter vivos: Transfer of property from one living person to another living person.
  • Intestate: Dying without leaving a will.
  • Joint tenancy: A form of property ownership in which two or more parties hold an undivided interest in the same property that was conveyed under the same instrument at the same time. A joint tenant can sell his (her) interest but not dispose of it by will. Upon the death of a joint tenant, his (her) undivided interest is distributed among the surviving joint tenants.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Probate: Proving a will
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Right of survivorship: The ownership rights that result in the acquisition of title to property by reason of having survived other co-owners.
  • Sole ownership: The type of property ownership in which one individual holds legal title to the property and has full control of it.
  • Statute: A law passed by a legislature.
  • Tenancy in common: A type of property ownership in which two or more individuals have an undivided interest in property. At the death of one tenant in common, his (her) fractional percentage of ownership in the property passes to the decedent
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
  • Trustee: A person or institution holding and administering property in trust.