As part of the New Mexico Statutes, the beneficiary of an interest in property may renounce the gift, either in part or in full (Uniform Disclaimer of Property Interests Act NMSA 1978 46-10-1 to 46-10-17). Note that the option to disclaim is only available to beneficiaries who have not acted in any way to indicate acceptance or ownership of the interest ( 46-10-13).
The disclaimer must be in writing and include a description of the interest, a declaration of intent to disclaim all or a defined portion of the interest, and be signed by the disclaimant ( 46-10-5 (c)).
Deliver the disclaimer within nine months of the transfer (e.g., the death of the creator of the interest) to the personal representative of the decedent's estate or the trustee, or file it with the court having authority to appoint such a person or to enforce the trust ( 46-10-12). If real property is involved, record a copy of the disclaimer in the office of the county clerk in the county in which the property or interest disclaimed is located. This helps avoid any ambiguity regarding the chain of title ( 46-10-15).
A disclaimer is irrevocable and binding for the disclaiming party and his or her creditors, so be sure to consult an attorney when in doubt about the drawbacks and benefits of disclaiming inherited property. If the disclaimed interest arises out of jointly-owned property, seek legal advice as well.
Deeds.com New Mexico Disclaimer of Interest Forms Have Been Updated as Recently as Wednesday July 1, 2020
What others like you are saying:
Lisa H. said: I needed a copy of a deed for a client and wanted to be sure I had the most recent one. I used Deeds.com and had it along with detailed property information within minutes at a very reasonable price. I am very pleased.
Reply from Staff: Thank you!
Lori W. said: Disclaimer letter was just what I needed. Download worked without a hitch.
Reply from Staff: Thank you for your feedback Lori, we really appreciate it. Have a fantastic day!
Christine P. said: Great service! Just what I needed and a bunch of informative extras too. Thanks!
Reply from Staff: We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Kathyren O. said: Very helpful and I will be using your services in the near future. Thank you Kathyren Oleary
Reply from Staff: Thanks Kathyren, we really appreciate your feedback.
Peter W. said: Thanks worked out great
Reply from Staff: Thank you for the follow up Peter. Have a great day!
David K. said: Excellent instructions to guide one through the warranty deed.
Reply from Staff: Thank you for your feedback. We really appreciate it. Have a great day!
Select County where the property is located.