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BENEFICIARY DEED
(§§ 15-15-401, et seq. , Colorado Revised Statutes)
CAUTION : THIS DEED MUST BE RECORDED PRIOR TO THE DEATH OF THE
GRANTOR IN ORDER TO BE EFFECTIVE.
, as Grantor, designates the following as
Grantee Beneficiaries:
, whose address is
, as First Grantee Beneficiary;
, whose address is
, as Second Grantee Beneficiary;
, whose address is
, as Third Grantee Beneficiary;
, whose address is
, as Fourth Grantee Beneficiary; and
, whose address is
, as Fifth Grantee Beneficiary.
(Note to Assessor and Treasurer: These addresses are for identification purposes only, all notices and tax
statements should continue to be sent to Grantor.)
But, if the First Grantee Beneficiary fails to survive Grantor, Grantor designates
, whose address is
, as Successor Grantee Beneficiary; or
If the Second Grantee Beneficiary fails to survive Grantor, Grantor designates
, whose address is
, as Successor Grantee Beneficiary; or
If the Third Grantee Beneficiary fails to survive Grantor, Grantor designates
, whose address is
, as Successor Grantee Beneficiary; or
If the Fourth Grantee Beneficiary fails to survive Grantor, Grantor designates
, whose address is
, as Successor Grantee Beneficiary; and
If the Fifth Grantee Beneficiary fails to survive Grantor, Grantor designates
, whose address is
, as Successor Grantee Beneficiary.
Beneficiary Deed
- 1 -
But, if after succeeding to the share of a non-surviving Grantee Beneficiary, any
Successor Grantee Beneficiary fails to survive Grantor, their share shall:
fail and be divided between the surviving Grantee Beneficiaries and Successor
Grantee Beneficiaries, if any, OR
their interest shall go to the non-surviving Successor Grantee Beneficiary’s estate.
Grantor hereby transfers, sells, and conveys on grantor's death to the grantee-
beneficiaries, the following described real property located in the County of
,
State of Colorado:
See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full
Legal Description:
Known and numbered as: ________________________
THIS BENEFICIARY DEED IS REVOCABLE. IT DOES NOT TRANSFER ANY
OWNERSHIP UNTIL THE DEATH OF THE GRANTOR. IT REVOKES ALL PRIOR
BENEFICIARY DEEDS BY THIS 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 BEING DETERMINED ELIGIBLE FOR, OR FROM RECEIVING
MEDICAID UNDER TITLE 26, COLORADO REVISED STATUTES.
WARNING: EXECUTION OF THIS BENEFICIARY DEED MAY NOT AVOID PROBATE.
Executed this day of , 20 .
Grantor
Type or Print Name
Beneficiary Deed
- 2 -
The foregoing instrument was acknowledged before me this ______ day of
__________________ , 20 ______ by ____________________________________ .
Witness my hand and official seal.
Signature/Title of Officer
My commission expires:
Type or Print Name
Beneficiary Deed
- 3 -
EXHIBIT A
Exhibit A
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