Fill and Sign the Quitclaim Deed from a Trust to Two Individuals Colorado Form

© 2016 - U.S. Legal Forms, Inc.       COLORADO QUITCLAIM DEED [Trust to Two Individuals] Control Number: CO-033-77       I. TIPS ON COMPLETING THE FORMS The form(s) in this packet may contain “form fields” created using Microsoft Word or Adobe Acrobat (“.pdf” format). “Form fields” facilitate completion of the forms using your computer. They do not limit your ability to print the form “in blank” and complete with a typewriter or by hand. It is also helpful to be able to see the location of the form fields. Go to the View menu, click on Toolbars, and then select Forms. This will open the Forms toolbar. Look for the button on the Forms toolbar that resembles a shaded letter “a”. Click this button and the form fields will be visible. By clicking on the appropriate form field, you will be able to enter the needed information. In some instances, the form field and the line will disappear after information is entered. In other cases, it will not. The form was created to function in this manner. II. DESIGNATING HOW THE GRANTEES WILL HOLD THE PROPERTY: A. In the State of Colorado real property can be held by more than one person (concurrent estates) in the following ways: 1. If the Grantees ARE NOT married to each other, they can hold the property as: a. Tenants in Common: a type of concurrent estate in which each party owns an undivided interest in the property that will pass to their heirs when the tenant in common dies. Generally their shares are “equal” but may differ in size. b. Joint Tenants with the Right of Survivorship ( JTWROS) : is a type of concurrent estate in which co-owners have a right of survivorship , meaning that if one owner dies, that owner's interest in the property will pass to the surviving owner or owners by operation of law, and avoiding probate. 2. If the Grantees ARE married to each other, they can hold the property as: a. Tenants in Common – See above b. Joint Tenants with the Right of Survivorship – See above 3. In the attached deed, the preparer will need to indicate how the Grantees will hold the property: as Tenants in Common or Joint Tenants with Right of Survivorship. B. For additional information on the above see the definitions at: http://lawdigest.uslegal.com/ C. For example: “as Tenants in Common ,” “as Joint tenants with the right of survivorship and not as tenants in common ,” III. DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the state of Colorado. All information and Forms are subject to this Disclaimer: All forms in this package are provided without any warranty, express or implied, as to their legal effect and completeness. Please use at your own risk. If you have a serious legal problem, we suggest that you consult an attorney in your state. U.S. Legal Forms, Inc. does not provide legal advice. The products offered by U.S. Legal Forms (USLF) are not a substitute for the advice of an attorney. THESE MATERIALS ARE PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL U.S. LEGAL FORMS, INC. OR ITS AGENTS OR OFFICERS BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OR PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE THE MATERIALS, EVEN IF U.S. LEGAL FORMS, INC. HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. Prepared by and After Recording, Return to:                         Send Tax Statements to:                         QUITCLAIM DEED [Trust to Two Individuals] THIS DEED, made this       day of       , 20       , between: GRANTOR:       an individual, whose street address is       , as Trustee under the provisions of a trust agreement dated       , 20       , and known as the       Trust. GRANTEES:       , whose street address is       , and       , whose street address is       , individuals . WITNESS: T he Grantor, for and in consideration of the sum of ($       ) Quitclaim Deed Page 1 of 2       DOLLARS, the receipt and sufficiency of which is hereby acknowledged, by these presents does hereby sell and quitclaim unto the Grantees, as       , all the real property, together with improvements, if any, situate, lying and being in the said County of       and State of Colorado described as follows: Legal Description:       Also known by street and number as:       . IN WITNESS WHEREOF , the Grantor, acting in his capacity as Trustee of the       Trust, has executed the above instrument on this the       day of       , 20       . Name of Trust:       By: Signature       Type or Print Name STATE OF       , COUNTY OF       State of __________________ , County of __________________ Quitclaim Deed Page 2 of 2 The foregoing instrument was acknowledged before me this ______ day of __________________ , 20 ______ by ____________________________________ . Witness my hand and official seal. Signature and Title of Officer NOTARY       SEAL Print or Type Name       Commission Expiration Date Quitclaim Deed Page 3 of 2