New Mexico Affidavit of Heirship for Real Property
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How to fill out Affidavit Of Heirship For Real Property?
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FAQ
If you have no spouse and any of your children are alive, they will be the only heirs to your estate. If you die with a spouse and children, your spouse will inherit all community property and 1/4 of your individual property. Your children will inherit 3/4 of your individual property.
In New Mexico, if the total value of the estate exceeds $50,000 the will must go through the Court to be probate. An estate worth less than $50,000 is considered a small estate.
An affidavit of heir is a written statement that allows an estate to move forward with an uncontested probate. The person who signs the affidavit is agreeing that they are the rightful owner of the assets and that they will transfer them to the appropriate parties as soon as the probate process is complete.
Not every estate requires a probate proceeding. It often depends on how the decedent's assets were titledor whether someone needs other legal authority to act on behalf of the estate.
In order for a will to be considered valid, the following two conditions must be met: The testator must have the legal capacity to write and execute their own will. The testator must not have been the subject of undue influence, fraud, misrepresentation, coercion, etc.
Once the affidavit has been recorded, the heirs are identified in the property records as the new owners of the property. Thereafter, the heir or heirs may transfer or sell the property if they choose to do so.
(N.M. Stat. Ann. § 45-3-1201.) If your estate meets the requirements listed above, your inheritor can sign a simple document under oath, called a small estate affidavit or "affidavit for collection of personal property." (Here's a sample of a New Mexico small estate affidavit.)
TIMELINE. Normally, a probate must be filed within three years following the decedent's death. Under New Mexico law no appointment of a personal representative may be made during the first 120 hours (five days) following the death.