In New Mexico, estates valued at $50,000§ 45-3-1201Verified Sep 8, 2026View source or less skip probate with the Small Estate Affidavit§ 45-3-1201Verified Sep 8, 2026View source, 30 days§ 45-3-1201Verified Sep 8, 2026View source after death. Real property is outside the affidavit§ 45-3-1201Verified Sep 8, 2026View source, which reaches personal property only. An estate over the limit does not qualify, and no affidavit is prepared for it.
The creditor claim period of 4 monthsNMSA §§ 45-3-801, 45-3-803, 45-3-806, 45-3-1006Verified Sep 15, 2026View source runs from the first publication of the creditor notice, which follows the executor's appointment. Every claim is barred 12 monthsNMSA §§ 45-3-801, 45-3-803, 45-3-806, 45-3-1006Verified Sep 15, 2026View source after the date of death, whether or not notice was given.
Within 90 daysNMSA § 45-3-706Verified Sep 15, 2026View source of the personal representative's appointment.
The personal representative closes an informal estate by filing a Verified Closing Statement of the Personal Representative (Form 4B-701) under NMSA § 45-3-1003, certifying under penalty of perjury that the creditor-claim period has expired, the estate is fully administered and distributed, and a full written account was furnished to affected distributees; no hearing or court order is requiredNMSA §§ 45-3-1001, 45-3-1002, 45-3-1003, 45-3-1005, 45-3-1006Verified Sep 15, 2026View source.
No. New Mexico publishes no official formNMSA 1978, Chapter 45, Article 3 (Uniform Probate Code: Probate of Wills and Administration)Verified Sep 23, 2026View source, so the renunciation is a signed writing.