
New Mexico Probate Debt Payment Priority: The Order Executors Must Follow
New Mexico debt payment priority under NMSA 45-3-805 sets the order executors pay estate claims. Learn the six classes, insolvent estate rules, and personal liability.
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New Mexico debt payment priority under NMSA 45-3-805 sets the order executors pay estate claims. Learn the six classes, insolvent estate rules, and personal liability.

How New Mexico community property gives both spouses a full step-up in basis under IRC Section 1014(b)(6), cutting capital gains tax on inherited property.

New Mexico surviving spouse rights come from community property, a $30,000 family allowance, a $15,000 personal property allowance, and a separate-property share.

New York has its own estate tax with a 105% cliff on top of the federal estate tax. Learn the 2026 federal exclusion, portability, and how the two taxes work separately.

New York exempt property set-aside under EPTL 5-3.1 explained. What a surviving spouse or child under 21 can claim, the item caps, and how it beats creditors.

New York probate bond requirements explained. A will can dispense with the bond for a named executor, but Surrogate's Court often requires one for administrators.

New York debt payment priority guide covering the SCPA 1811 order of payment, insolvent estates, protected set-aside property, and executor personal liability.

New York step-up in basis explained: inherited property gets a new basis at the owner's death, cutting capital gains tax. See how it differs from NY estate tax.

New York surviving spouse rights guide covering the elective share, exempt property set-aside, the intestate share, waiver, and Surrogate's Court deadlines.

North Carolina has no state estate or inheritance tax, so only the federal estate tax applies. Learn the 2026 exclusion, portability, and what counts.
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