Securing payment of estate tax from property in possession of fiduciary.

  1. Law
  2. New Mexico Statutes
  3. Uniform Probate Code
  4. Probate of Wills and Administration
  5. SPECIAL PROVISIONS RELATING TO DISTRIBUTION
  6. Securing payment of estate tax from property in possession of fiduciary.

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A. A fiduciary may defer a distribution of property until the fiduciary is satisfied that adequate provision for payment of the estate tax has been made.

B. A fiduciary may withhold from a distributee an amount equal to the amount of estate tax apportioned to an interest of the distributee.

C. As a condition to a distribution, a fiduciary may require the distributee to provide a bond or other security for the portion of the estate tax apportioned to the distributee.

History: Laws 2005, ch. 143, § 12; 1978 Comp., § 45-9A-8 recompiled as § 45-3-927 by Laws 2011, ch. 124, § 99.

ANNOTATIONS

Recompilations. — Laws 2011, ch. 124, § 99 recompiled former 45-9A-8 NMSA 1978 as 45-3-927 NMSA 1978, effective January 1, 2012.


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