Who Needs a Will, Trust or
- Anyone who has property in his name
- Anyone who is responsible for minor children
- Anyone who stands to inherit any titled property
How Can I Transfer Property When I Die?
- Intestate Succession (State provided will)
- By Will or Trust
- Non-probate Transfers
What Is Intestate Succession?
- The State of New Mexico has written a will for you
- Your property goes to your heirs as directed by state law
- It may or may not match your desires with regard to your property
- Issues with Administration can arise
What is a Will?
- A will is a written document stating your desires concerning your property and/or minor children
- It is a contract with the state to allow the transfer of property after you die
- Wills are VERY technical and must be written, executed, and witnessed properly under the state law
- You get to pick the person who manages your affairs (called the Personal Representative)
Non-Probate Transfers(Not by Will, Trust, or Intestate Succession)
- Joint Tenancy
- Payable on Death
- Life Insurance
- Retirement Plans
- Transfer on Death Deed
Note: Please be advised that this communication does NOT create an attorney-client relationship. An attorney-client relationship will only be created after the firm agrees to accept representation and a retainer letter is received from the client.