New Mexico Estate Planning Questions & Answers
Q: Is my will from WA good in NM.
I had a will drawn up in the State of WA a couple of years ago leaving everything to my one and only daughter. I don't own any property except a car. I moved to Santa Fe this past May.
As long as the will was valid and complied with all legal requirements in the state where it was written (witnesses, notary, etc.), all other states should recognize it as a valid will.
Q: Can I put an article in my will about people who owe me money, that they need to pay it to my estate. Within 30 days
My daughter is 90 days behind on paying me $200 a month on my inheratence from my fathers death . Can I force her to pay my estate any monies owed to me
You've asked this questions several times in slightly different ways. You need to see a local attorney! There is no way to suggest the 'best' way to address this in an email forum!
--This answer is offered for information only and does not create an attorney/client relationship. I am... Read more »
Q: How can I enforce my daughter paying money she owes me and have it go to my residue estate
This is money from an inheritance from my father to me. At the rate of $200 per month for life. My daughter is currently 3 months behind. I want that money to go to my residual estate if still behind at my death
You can always write a will such that the debt is owed, and needs to be paid, but the details of how to do that go beyond the scope of a forum like this and would require an examination of your WHOLE estate situation to insure things are done properly and in a way that provides the best guarantees... Read more »
Q: In NM can a personal lender inspect the property after sale in 2008 till now? Must they give a notice?
Can mortgagee inspect property? Advanced notice or can they be legally denied?
Typically mortgage companies and banks that make home loans put language in their mortgages that they have a right to inspect their collateral (the house) periodically and that you as borrower and mortgagor consent to it. The mortgage may even have language that makes it an event of default to... Read more »
Q: My dad died in September 2016. A family member stole his original will while he was dying. Now all we have is his copy.
His only asset is his home that is in disrepair and hoarding situation. The family has already invested $40k in repair and still not done. Can the family receive its compensation prior to credit collectors?
There may be a family allowance available for Dad's immediate family under the right circumstances. Typically that takes priority over general creditors. You need to contact a probate attorney in your Dad's area about your specific situation. Many offer free initial consultations. Good luck.
Q: My father married a woman they have been married 5 years. 2years into the marriage he was diagnosed with dementia.
I am 53 an only child and I believe she manipulated my father into changing his entire estate into her name. He had a revocable living trust. Can I reverse this, they did not advise the attorney at the time that he had dementia. The attorney said he appeared to be in his right mind. Which his mind... Read more »
You probably can petition to challenge his revocation of the trust, claiming that he lacked the mental capacity to do so. Was he the trustee as well as the trustor?
Q: In the State of New Mexico, is it required to to file a Transfer on Death deed PRIOR to death, or can it be filed after?
The statutes require that it be filed prior to the transferor's death.
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