For the person putting a plan in place in New Mexico: what a will, a trust, or a full plan costs, whether a trust or a TOD deed changes how property passes, how New Mexico documents are signed, and how to name a guardian.
21 tools for New Mexico
In New Mexico, a will-based plan pays probate attorney fees of typically 1.8%NMSA § 45-3-715(A)(21) (PR may employ attorneys to advise or assist in administration); § 45-3-721 (court may review the reasonableness of the compensation of any person so employed); § 45-3-720 (expenses in estate litigation, incl. reasonable attorneys fees); no statutory percentageVerified Sep 8, 2026View source to 2.9%NMSA § 45-3-715(A)(21) (PR may employ attorneys to advise or assist in administration); § 45-3-721 (court may review the reasonableness of the compensation of any person so employed); § 45-3-720 (expenses in estate litigation, incl. reasonable attorneys fees); no statutory percentageVerified Sep 8, 2026View source of the estate; a funded revocable trust keeps those assets out of probate and off that fee.