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Make sure your real estate property passes to the beneficiary you choose when you die with these Colorado Beneficiary Deed forms. - You must complete, sign and record the beneficiary deed (also called a Transfer on Death Deed) with the County Recorder's Office during your lifetime. It cannot be recorded after your death. - Even though the title is transferred to your beneficiary, you still retain ownership rights over the property and you can deal with it as you see fit without the consent of the beneficiary. - You can revoke the transfer at any time by recording the enclosed Revocation of Beneficiary Deed. - Note that in Colorado, executing a Beneficiary Deed does not avoid probate. Execution of the Deed may also disqualify you from receiving Medicaid. The Colorado Beneficiary Deed Forms are downloadable MS Word templates.
DOCUMENT PREPARED BY (AFTER RECORDING RETURN TO): Name: Address: City, State, Zip: Phone: --Above this line reserved for official use only-- BENEFICIARY DEED (COLORADO REVISED STATUTES 15-15-402) CAUTION: THIS DEED MUST BE RECORDED PRIOR TO THE DEATH OF THE GRANTOR IN ORDER TO BE EFFECTIVE. ____________________________________________________ [name of Grantor], of ____________________________________________________________________________________ [address of Grantor], __________________ County, State of Colorado, the Grantor, hereby designates as Grantee- Beneficiary(ies) the following individual(s), with the interest stated for each individual: Name Address Interest _________% _________% _________% In the event the above named Grantee-Beneficiary/none of the above named Grantee-Beneficiaries survive the Grantor, the Grantor designates the following individuals as Successor Grantee- Beneficiary(ies): Name Address Interest _________% _________% _________% Grantor transfers, sells and conveys, upon Grantor’s death, to the above named Grantee-Beneficiary(ies), the following described real property located in the County of ______________, State of Colorado: -2- [Give the legal description of the Property] having a street address of ____________________________________________________________ THIS BENEFICIARY DEED IS REVOCABLE. IT DOES NOT TRANSFER ANY OWNERSHIP UNTIL THE DEATH OF THE GRANTOR. IT REVOKES ALL PRIOR BENEFICIARY DEEDS BY GRANTOR FOR THIS REAL PROPERTY EVEN IF THIS BENEFICIARY DEED FAILS TO CONVEY ALL OF THE GRANTOR’S INTEREST IN THIS REAL PROPERTY. WARNING: EXECUTION OF THIS BENEFICIARY DEED MAY DISQUALIFY THE GRANTOR FROM
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