A New Mexico transfer on death deed is used to convey real property to one (1) or more beneficiaries upon the death of the owner (the grantor). The grantor in this deed retains ownership of their property until their passing and may revoke the form whenever necessary. Unlike a last will and testament, a transfer on death deed is not subject to probate administration (the legal process of settling a deceased person’s estate). As such, the property will transfer to the designated beneficiaries automatically following the grantor’s death and without further expense.
A transfer on death deed must be signed by the grantor, acknowledged before a notary public, and recorded before the grantor dies in the clerk’s office where the property is located.