Deed Monkey Blog
Recording Fees For Colorado Quitclaim Deed Increase

As local governments look for any and every source of revenue, the cost of recording a Colorado quitclaim deed is on the rise.  It is not just Colorado quitclaim deeds that are subject to the fee increase.  Colorado warranty deeds, Colorado special warranty deeds and all other documents with multiple grantors or grantees are seeing an increase.



Recording Fees Increase: Eagle County, Garfield County, Others?


Photo of Colorado Quitclaim Deed Fee Increase NoticeWe first received notice of the increase from Eagle County, Colorado.  Pursuant to C.R.S. 30-1-103(4), an extra fee is being tacked on to Colorado quitclaim deeds containing multiple grantors or grantees.  This is $5.00 PER every additional grantor or grantee.  Recently, Garfield County, Colorado has joined the increase in fees on Colorado quitclaim deeds.  We suspect that other counties may have already raised their recording fees, but we have not received an official notice.



Always Double Check With the County Prior to Filing


For access to the recent letter from Garfield County containing examples of the recording fee increases on Colorado quitclaim deeds, please log into your account with DeedMonkey.   We advise to always call the county to confirm the filing fee BEFORE mailing your Colorado quitclaim deed.  This is a good practice for all filings including Florida quitclaim deeds and quitclaim deeds for any state.



For More Colorado Quitclaim Deed Information


For more information about Colorado Quitclaim Deeds and the rate increases, visit our official Colorado Quitclaim Deed page

Colorado Beneficiary Deeds For Joint Owners

A Common Question About Colorado Beneficiary Deeds


Timeshare Beneficiary Deed Question MarkA question we hear is "why don't you have a Colorado beneficiary deed for joint owners of Colorado real estate?"  The answer is twofold.  First, it is just about as easy for each grantor of a Colorado beneficiary deed to name the beneficiary(ies) of their respective interest.  It keeps things simple.  For example, a husband and wife who own a Colorado timeshare in joint tenancy and who would like to give their interest to Son A upon their deaths would each execute and record a Colorado beneficary deed naming Son A as the beneficiary.


Second, keep in mind that a Colorado beneficiary deed does not override Colorado joint tenancy.  Upon the death of the first of the joint tenants to die, the Colorad real estate passes to the surviving joint tenant and NOT to the person named on the Colorado beneficiary deed.  So, in the above example, If husband dies and wife survivies, the Colorado timeshare would pass by joint tenancy to wife.  Only upon wife's death will WIFE's beneficiary deed become effective.  Husband's Colorado beneficiary deed is of no force and effect. 


For more information, please see the DeedMonkey Colorado Beneficiary Deed page.


Why Timeshares Should Have a Beneficiary Deed

Probate Of Timeshares Can Be Expensive


photo of timeshare communityIf an individual dies owning a timeshare, their heirs may needlessly pay thousands in probate expense. A probate for a timeshare interest can be avoided by using a timeshare beneficiary deed.


Probate is a legal process by which title to a timeshare is formally transferred at death. A primary probate proceeding is opened in the state where the deceased is domiciled at time of death. Ancillary probate is a probate proceeding opened in another state to transfer property owned by the deceased in that state. Typically, real estate or a timeshare interest is the property to be transferred in a primary or  ancillary probate proceeding. The cost of a single ancillary probate proceeding can be thousands of dollars just to transfer a single timeshare week.


How to Avoid Probate For A Timeshare Interest


Avoiding probate for a timeshare interest is easy.  All you need is a timeshare beneficiary deed.  In Colorado, for example, an individual can create a payable on death designation for a timeshare by executing and recording a payable on death designation for the Colorado timeshare interest. Colorado calls this a timeshare beneficiary deed. While a Colorado timeshare beneficiary deed is executed and recorded, today, in the Colorado county where the timeshare is located, it passes no interest in the timeshare until the death of the current owner. Since 1995, at least seven other states have enacted laws allowing some type of timeshare beneficiary deed. Hopefully, even more states will follow.


DeedMonkey's Beneficiary Deeds for Timeshares


Deedmonkey is in the process of offering beneficiary deeds for Colorado and Florida.  View our Legal Forms for Timeshares page for more information.  If you don't see your timeshare listed, let us know, a beneficiary deed may be under development for your Florida or Colorado timeshare.



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