Property Ownership
In New Mexico, which of the following is TRUE about the transfer of real property through a will (devise)?
AA will automatically transfers title at death without further process
BA devised property must typically go through probate before title formally transfers to the heir✓ Correct
CA will overrides all other ownership interests
DDevised property is exempt from property taxes for 5 years
Explanation
Property devised by will must generally go through probate court proceedings to formally transfer title to heirs. This can be time-consuming and expensive, which is why many use trusts or joint tenancy with right of survivorship to avoid probate.
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