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Last Will and Testament Template - New Mexico
A New Mexico Last Will and Testament details how a person's possessions and property should be distributed after their death. The document has three main purposes:
- Selecting the beneficiaries to take possession of the individual's property after their death.
- Electing guardians for childcare.
- Setting up a living trust to take care of any animals left behind.
The person making the will is known as the Testator. The Testator must be at of age and of sound mind in order to create their will. A New Mexico will must be done in writing to be recognized by the court.
The New Mexico Last Will is defined by § 45-1-201(52) of Chapter 45 (Uniform Probate Code) . The document must be signed by two or more witnesses. Click on this link to make your own form with our online form builder or download a ready-made template below.
What Is a Last Will and Testament in New Mexico?
A Last Will and Testament is a legal document through which an individual is permitted - within the formalities prescribed by law - to control the distribution of their assets and estate. There are three parties to any will:
- A Testator - a person who dies leaving a will in force.
- An Executor - a person tasked with carrying out the Testator's wishes according to their will.
- A Beneficiary - a person, organization or community selected to receive the assets of the Testator.
How to Write a Last Will and Testament in New Mexico?
A Last Will and Testament in New Mexico is usually made up of instructions regarding:
- Burial requests;
- Debts and expenses;
- Personal property;
- Cash, bank accounts, investments;
- Digital assets.
Not all assets the Testator owns can be distributed according to their will. The only property the Testator may bequeath is solely-owned property titled at their name at the time of death. Any property owned by the Testator's spouse or partner will also not be affected by the provisions of a will.
Download Last Will and Testament Template - New Mexico
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