§ 45-2-401 Applicable law
§ 45-2-402 Family allowance
§ 45-2-403 Personal property allowance
§ 45-2-405 Source, determination and documentation
§ 45-2-406 Modification of exemptions
§ 45-2-407 Waiver of rights
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Terms Used In New Mexico Statutes > Chapter 45 > Article 2 > Part 4

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Decedent: A deceased person.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Dependent: A person dependent for support upon another.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Intestate: Dying without leaving a will.
  • Personal property: All property that is not real property.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.