- Jurisdiction
- New Mexico
I am trying to figure out if Quit Claiming property that is jointly owned in Eddy County New Mexico can be done without a straw man in order to convert from joint tenancy to tenants in common. I have read that the modern trend is to allow someone to unilaterally break the joint tenancy by quit claiming property to themselves to make it a tenancy in common. However some jurisdictions make you QC to a 3rd party who immediately QCs it back to the original owner to convert it.
My questions are:
1. Has anyone in NM had someone deed property to themselves in order to break the joint tenancy?
2. Can QCing their share of the property to a living revocable trust sever the joint tenancy and convert to tenancy in common? I understand you can't will the property that is jointly owned, but if it is retitled prior to death?
Thanks for any help provided.
My questions are:
1. Has anyone in NM had someone deed property to themselves in order to break the joint tenancy?
2. Can QCing their share of the property to a living revocable trust sever the joint tenancy and convert to tenancy in common? I understand you can't will the property that is jointly owned, but if it is retitled prior to death?
Thanks for any help provided.