Retirement and other accounts

Retirement accounts—such as an IRA or a 401(k)—can be set up by your client through an outside source that designates that ownership will transfer to New Mexico Foundation (NMF) upon your client’s death or the death of a surviving spouse.

It does not require a will. It bypasses probate.

Other payable-on-death accounts—such as bank and investment accounts—can also be established by your client to be transferred to NMF.