Luna County Gift Deed Form (New Mexico)

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

Gift Deed Form

Luna County Gift Deed Form

Fill in the blank form formatted to comply with all recording and content requirements.
Included Luna County compliant document last validated/updated 7/8/2024

Gift Deed Guide

Luna County Gift Deed Guide

Line by line guide explaining every blank on the form.
Included Luna County compliant document last validated/updated 5/9/2024

Completed Example of the Gift Deed Document

Luna County Completed Example of the Gift Deed Document

Example of a properly completed form for reference.
Included Luna County compliant document last validated/updated 1/5/2024

When using these Gift Deed forms, the subject real estate must be physically located in Luna County. The executed documents should then be recorded in the following office:

Luna County Clerk

700 South Silver / PO Box 1838, Deming, New Mexico 88031

Hours: 8:00 to 4:30 Monday through Friday

Phone: (575) 546-0491

Local jurisdictions located in Luna County include:

  • Columbus
  • Deming

How long does it take to get my forms?

Forms are available immediately after submitting payment.

How do I get my forms, are they emailed?

Immediately after you submit payment, the Luna County forms you order will be available for download directly from your account. You can then download the forms to your computer. If you do not already have an account, one will be created for you as part of the order process, and your login details will be provided to you. If you encounter any issues accessing your forms, please reach out to our support team for assistance. Forms are NOT emailed to you.

What does "validated/updated" mean?

This indicates the most recent date when at least one of the following occurred:

  • Updated: The document was updated or changed to remain compliant.
  • Validated: The document was examined by an attorney or staff, or it was successfully recorded in Luna County using our eRecording service.
Are these forms guaranteed to be recordable in Luna County?

Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Luna County including margin requirements, content requirements, font and font size requirements.

Can the Gift Deed forms be re-used?

Yes. You can re-use the forms for your personal use. For example, if you have more than one property in Luna County that you need to transfer you would only need to order our forms once for all of your properties in Luna County.

What are supplemental forms?

Often when a deed is recorded, additional documents are required by New Mexico or Luna County. These could be tax related, informational, or even as simple as a coversheet. Supplemental forms are provided for free with your order where available.

What type of files are the forms?

All of our Luna County Gift Deed forms are PDFs. You will need to have or get Adobe Reader to use our forms. Adobe Reader is free software that most computers already have installed.

Do I need any special software to use these forms?

You will need to have Adobe Reader installed on your computer to use our forms. Adobe Reader is free software that most computers already have installed.

Do I have to enter all of my property information online?

No. The blank forms are downloaded to your computer and you fill them out there, at your convenience.

Can I save the completed form, email it to someone?

Yes, you can save your deed form at any point with your information in it. The forms can also be emailed, blank or complete, as attachments.

Are there any recurring fees involved?

No. Nothing to cancel, no memberships, no recurring fees.

Gifts of Real Property in New Mexico

A gift deed, or deed of gift, is a legal document voluntarily transferring title to real property from one party (the grantor or donor) to another (the grantee or donee). A gift deed typically transfers real property between family or close friends. Gift deeds are also used to donate to a non-profit organization or charity. The deed serves as proof that the transfer is indeed a gift and without consideration (any conditions or form of compensation).

Valid deeds must meet the following requirements: The grantor must intend to make a present gift of the property, the grantor must deliver the property to the grantee, and the grantee must accept the gift. Gift deeds must contain language that explicitly states no consideration is expected or required, because any ambiguity or reference to consideration can make the deed contestable in court. A promise to transfer ownership in the future is not a gift, and any deed that does not immediately transfer the interest in the property, or meet any of the aforementioned requirements, can be revoked [1].

A lawful gift deed includes the grantor's full name and marital status, as well as the grantee's full name, marital status, mailing address, and vesting. Vesting describes how the grantee holds title to the property. For New Mexico residential property, the primary methods for holding title are tenancy in common, joint tenancy, and community property. A grant of ownership of real estate to two or more unmarried persons is presumed to create a tenancy in common, unless a joint tenancy is expressly created in the conveyance. Typically, property conveyed to spouses vests as community property. Real estate acquired by either spouse by gift, however, vests as separate property, and does not automatically vest as community property (NMSA 40-3-8).

As with any conveyance of real estate, a gift deed requires a complete legal description of the parcel. Recite the source of title to establish a clear chain of title, and detail any restrictions associated with the property. Unless exempt from filing a Real Property Transfer Affidavit, file the form with the assessor's office within 30 days of recording the deed. A list of exemptions can be found in NMSA 7-38-12.1(D). Record the completed deed at the local County Clerk's office.

The IRS implements a Federal Gift Tax on any transfer of property from one individual to another with no consideration, or consideration that is less than the full market value. Gifts of real property in New Mexico are subject to this federal gift tax. In accordance with federal law, individuals are permitted an annual exclusion of $15,000 on gifts. This means that gifts valued below $15,000 do not require a federal gift tax return (Form 709). Even so, grantors should consider filing one for many gifts of real property [2]. The grantor is responsible for paying the federal gift tax; however, if the grantor does not pay the gift tax, the grantee will be held liable [1].

In New Mexico, there is no state gift tax. For questions regarding state taxation laws, consult a tax specialist.

With gifts of real property, the recipient of the gift (grantee) is not required to declare the amount of the gift as income, but if the property accrues income after the transaction, the recipient is responsible for paying the requisite state and federal income taxes [3].

This article is provided for informational purposes only and is not a substitute for the advice of an attorney. Contact a lawyer with any questions about gift deeds or other issues related to the transfer of real property. For questions regarding federal and state taxation laws, consult a tax specialist.

[1] https://nationalparalegal.edu/public_documents/courseware_asp_files/realProperty/PersonalProperty/InterVivosGifts.asp
[2] http://msuextension.org/publications/FamilyFinancialManagement/MT199105HR.pdf
[3] https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-taxes

(New Mexico Gift Deed Package includes form, guidelines, and completed example)

Our Promise

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

Save Time and Money

Get your Luna County Gift Deed form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.

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July 6th, 2024

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July 1st, 2024

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June 30th, 2024

Quick & easy to use. Spoke a lawyer and saved hundreds by doing it myself.

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July 18th, 2020

Was very simple to use and the email communication was very efficient. Appreciated getting my document recorded in a timely manner. Thank you deeds.com

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November 28th, 2019

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May 23rd, 2022

There's nothing to say except it couldn't be easier.

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October 4th, 2019

Great forms, easy to understand and use (the guide helped a lot). Recorded with no issues. Will be back when needed.

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David L.

March 9th, 2021

You did refund my payment, but were unable to provide the deed i needed.

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Kenny H.

January 14th, 2020

The forms are extremely helpful. They could use some updating. Promissory note "...in the form of cash, check or money order." is a bit outdated. My note is with my son and we have an automatic bank transfer set up for payments. He could Venmo me. There are many other options and likely to be more changes in the future, so I know this is difficult to maintain.

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Raad A.

November 25th, 2022

Not easy to navigate

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April 15th, 2019

VERY NICE SERVICE

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Richard L.

February 13th, 2021

Thanks for the complete and reasonably priced set of docs. I was specifically looking for and glad to find a current version of a TOD deed following the California extension.

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susanne y.

July 13th, 2020

wonderful service, docs recorded with no issues.

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Kari G.

July 15th, 2021

The service was prompt and attentive to my questions. I would've just appreciated a heads up that I also needed to contact the county directly (and provide contact info) to receive a certified copy of the document (Notice of Commencement) in order to submit the certified copy to the Building Department. This was an extra step that I haven't had to complete before using another eRecording service. Even if this extra step is a result of the county's system. I would still have expected a head's up (since there wasn't any info regarding this on the county's site for eRecording).

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HAROLD V.

April 2nd, 2020

Great website to have your buyer's deeds done correctly! I highly recommend this website to anyone in the real estate business.

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