A Common Question About Colorado Beneficiary Deeds

A 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.