The first step in probate in Albuquerque, New Mexico is the reading of the deceased’s will and acknowledgment of the executor. If there is no will, an executor is appointed by the courts. Once an executor is named, they must gather and value the deceased’s assets for the valuation process. A probate attorney is indispensable during this process. They can guide the executor to help ensure a smooth process. Once all property and other assets are appraised, the courts issue an order for distribution to beneficiaries.
Not every estate in New Mexico must go through probate. Estates that meet the small estate threshold are exempt. Additionally, some assets are not subject to probate. These are nuances that experienced Albuquerque, New Mexico probate lawyers comprehend.