Legal Question in Wills and Trusts in New Mexico

Probate or Joint Tenancy with Rights of Survivorship

My brother who resides & owns lands in Datil, NM, has asked me to be the executor of his will. He purchased the land for approx $10,000 and owns several old vehicles & some equipment. He owes approx. $6,000 in credit card debit. If he places me as joint tenant with survivorship rights on his property, would that eliminate the possibility of the credit card obtaining the liability? If this would not make a difference, can a small estate containing land go through an informal probate process?


Asked on 9/24/01, 9:23 pm

1 Answer from Attorneys
Douglas Barr The Barr Law Firm, P.C.

Re: Probate or Joint Tenancy with Rights of Survivorship

I need more information before responding to your question, which I would be glad to do if you call me so I can ask the necessary follow-up questions. My number in Albuquerque is 505/888-4409. Please leave a call back time and telephone number if you miss me.

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Answered on 11/06/01, 12:34 pm


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