Valencia County Affidavit of Deceased Joint Tenant Forms (New Mexico)

Form Package

Affidavit of Deceased Joint Tenant

State

New Mexico

Area

Valencia County

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$27.97

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Included Forms

All Valencia County specific forms and documents listed below are included in your immediate download package:

Included Supplemental Documents

The following New Mexico and Valencia County supplemental forms are included as a courtesy with your order.

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Areas Covered by These Affidavit of Deceased Joint Tenant Forms:

• Valencia County

Including:

• Belen
• Bosque
• Bosque Farms
• Jarales
• Los Lunas
• Peralta
• Pueblo Of Acoma
• Tome

What is the New Mexico Affidavit of Deceased Joint Tenant

Removing a Deceased Joint Tenant from a New Mexico Real Estate Title

New Mexico's statutes define joint tenancy at 47-1-36. This law states that a "joint tenancy in real property is one owned by two or more persons, each owning the whole and an equal undivided share, by a title created by a single devise or conveyance, when expressly declared . . . to be a joint tenancy." Property titled in this manner cannot be passed in a will; instead, a deceased joint tenant's share is distributed equally amongst the survivors as a function of law until only one person holds the property in sole ownership.

While technically accurate, this description oversimplifies the situation. What happens when it's time to sell the property? Unless the local recording office cross-references death notices with real estate records, the deceased owner's name still appears on the title. This inaccuracy can create confusion during a title search and slow down the transfer process. In addition, outdated ownership information might interfere with property tax billing, which could lead to unnecessary fees and/or penalties.

The surviving owner(s) may prevent these potential issues with a simple step: when one joint tenant dies, the other(s) can execute and record an affidavit of facts as to death with the local recording office. It is possible to address this at the time of sale, but it makes sense to handle it within a short time after the owner's death because the necessary documentation is more likely to be easily accessible. This action keeps property records up-to-date, verifies the owner's interest and rights to the title, and ensures smoother transfers in the future.

Each circumstance is unique, so please contact an attorney with questions or for complex situations.

(New Mexico Affidavit of DJT Package includes form, guidelines, and completed example)

Our Promise

The documents you receive here will meet, or exceed, the Valencia County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

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