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The general requirements include proper formatting and the essential information about the transfer?such as the names of the grantor (seller) and grantee (buyer), a legal description of the property being transferred, and a granting clause stating that the current owner is transferring title to the new owner.

A New Mexico joint tenancy is characterized by the right of survivorship shared by the co-owners (or joint tenants). A deceased joint tenant's interest vests in the surviving owner. Joint tenancy can be helpful in estate planning because a joint tenancy interest never becomes part of a joint tenant's probate estate.

A Deed of Gift is a formal legal document used to give a gift of property or money to another person. It transfers the money or ownership of property (or share in a property) to another person without payment is demanded in return.

New MexicoTransfer on Death Deed (N.M. Stat. sections 45-6-401 through 45-6-417.) You must sign the deed and get your signature notarized, and then record (file) the deed with the county clerk's office before your death. Otherwise, it won't be valid.

Gift Deed for Real Estate Located in New Mexico. A gift deed, or deed of gift, is a legal document voluntarily transferring title to real property from one party (the grantor or donor) to another (the grantee or donee). A gift deed typically transfers real property between family or close friends.

For a gift to be considered valid, it must satisfy certain elements, including the transfer of ownership, the existence of the property, the absence of consideration, the free consent of the donor, and the acceptance of the gift by the donee. Acceptance can be express or implied, depending on the circumstances.