2017 New Mexico Statutes
Chapter 45 - Uniform Probate Code
Article 6 - Nonprobate Transfers
Part 4 - UNIFORM REAL PROPERTY TRANSFER ON DEATH
Section 45-6-412 - Effect of transfer on death deed during transferor’s life.
45-6-412. Effect of transfer on death deed during transferor s life.
During a transferor's life, a transfer on death deed does not:
A. affect an interest or right of the transferor or any other owner, including the right to transfer or encumber the property;
B. affect an interest or right of a transferee, even if the transferee has actual or constructive notice of the deed;
C. affect an interest or right of a secured or unsecured creditor or future creditor of the transferor, even if the creditor has actual or constructive notice of the deed;
D. affect the transferor's or designated beneficiary's eligibility for any form of public assistance;
E. create a legal or equitable interest in favor of the designated beneficiary; or
F. subject the property to claims or process of a creditor of the designated beneficiary.
History: 1978 Comp., 45-6-412, enacted by Laws 2013, ch. 38, 12.
