Legal Question in Wills and Trusts in New Mexico
is there joint tenancy with the right of survivorship with my children?
Asked on 1/23/10, 10:54 am
1 Answer from Attorneys
Charles Aspinwall
Charles S. Aspinwall, J.D., LLC
Not automatically. In NM when one dies without a will, the estate is divided equally between the surviving spouse and the living children. Spouse gets 50%; children split the other 50%. If you wish your children to inherit real estate, you must change the deed to name them JTWROS, or use a TODD. Remember NM is a community property state, so with certain exceptions the surviving spouse cannot inherit less than 50% of the deceased spouse's estate. Consult a real estate attorney for information specific to your situation.
Answered on 2/01/10, 9:21 am