New Mexico § 45-3-1101 Effect of approval of agreements involving trusts,

New Mexico Statutes

§ 45-3-1101 — Effect of approval of agreements involving trusts,

New Mexico § 45-3-1101

Ch. 45Uniform Probate Code

Art. 3Probate of Wills and Administration

This text of New Mexico § 45-3-1101 (Effect of approval of agreements involving trusts,) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 45-3-1101 (2026).

Text

inalienable interests or interests of third persons. A. A compromise of any controversy is binding on all the parties thereto as to any lawful matter involving the estate. Matters that may be resolved by the compromise include:

(1)admission to probate of any instrument offered for formal probate as the will of a decedent;

(2)the construction, validity or effect of any governing instrument;

(3)the rights or interests in the estate of the decedent;

(4)the rights or interests of any successor; and (5) the administration of the estate, if approved in a formal proceeding in the district court for that purpose. B. A court-approved compromise is binding even though it may affect a trust or an inalienable interest. A compromise does not impair the rights of creditors or of taxing authorities t

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inalienable interests or interests of third persons. A. A compromise of any controversy is binding on all the parties thereto as to any lawful matter involving the estate. Matters that may be resolved by the compromise include: (1) admission to probate of any instrument offered for formal probate as the will of a decedent; (2) the construction, validity or effect of any governing instrument; (3) the rights or interests in the estate of the decedent; (4) the rights or interests of any successor; and (5) the administration of the estate, if approved in a formal proceeding in the district court for that purpose. B. A court-approved compromise is binding even though it may affect a trust or an inalienable interest. A compromise does not impair the rights of creditors or of taxing authorities that are not parties to it.