No one can know what happens after death, but one can and should make decisions regarding their real property’s fate before the inevitable passing. There are several ways to take action in this direction, but perhaps the easiest and fastest way is to sign this free Transfer-on-Death Deed form. Colorado residents also have the opportunity to issue this document. In this state, the paper is often called the Beneficiary Deed form.
This form helps the current property owner to designate who will own the property after their death.
Drawing up such an agreement has several advantages that include:
Drafting the document is difficult, but you need to use special legal wording, and even the slightest mistake can lead to the invalidity of the document. But do not be alarmed; as a way out, use our latest form-building software set forth on this website. It will help you create a document that for sure will be accepted by the County Recorder’s Office.
Each state has its local laws, and Colorado is no exception. Below are the basic requirements to follow when writing the document.
This type of deed is defined by Section 38-30-113.5 of the Colorado Revised Statutes. According to the law, the document automatically comes into effect once the Grantor dies.
Two signatures are required to authorize the paper. It should be signed by:
The notary should certify the document by filling in the acknowledgment and putting the state seal.
The completed and signed deed form should be recorded with the County Recorder’s Office.
The document should contain special legal wording. You can find the approved form in Section 38-30-113 of the Colorado Revised Statutes.
The fees differs from county to county. But you cannot choose where to register the form because it has tobe the Office at a county where the property is located.
We have prepared a step-by-step guide for you on how to fill out the form. Follow these instructions for ease and convenience.
Fill in the Details Regarding the Grantor and Grantee
The one who transfers property after their death is called the Grantor. Whoever receives the property is the Grantee or theBeneficiary. You can list multiple Grantees in one document.
In the first sentence of the document, you need to enter:
Complete the Second Sentence
Next, you need to provide the name of the person who will receive the property if the assigned Grantee does not outlive the Grantor. Also, write in their address.
Specify the Real Property Details
Next is the description of the property itself. You need to specify the County where the property is located and give its full legal description.
Sign the Deed Form
The Grantor signs the deed in the presence of the Notary and dates the form.
Let the Notary Fill in the Acknowledgment
The notary who oversaw the signing of the document now fills out their part and signs it. This step completes the filling out process, but you need to undertake one more step.
File the Signed Deed Form
The deed needs to be filed with the County Recorder’s Office. Thus, you should send the document out with the return address and a paid fee receipt.