New Mexico Statutes > Chapter 27 > Article 2A – Medicaid Estate Recovery
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Terms Used In New Mexico Statutes > Chapter 27 > Article 2A - Medicaid Estate Recovery
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Decedent: A deceased person.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Personal property: All property that is not real property.
- Probate: Proving a will