This form is a Personal Representative's Deed of Distribution where the grantor is the Personal Representative of an estate and the grantees are the beneficiaries of the estate. Grantor conveys the described property to the grantees. The Grantor warrants the title only as to events and acts while the property is held by the Personal Representative. This deed complies with all state statutory laws.
Colorado Personal Representative Without Bond
State:
Colorado
Control #:
CO-02-84
Format:
Word;
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How to fill out Colorado Deed Of Distribution - Personal Representative To Two Individuals?
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FAQ
Under Colorado law, a personal representative must be of sound mind and over 20 years old. It is also a good idea to choose at least one successor personal representative who could serve if your primary personal representative is unable or unwilling to do so.
(7) A personal representative appointed by a court of the decedent's domicile has priority over all other persons except where the decedent's will nominates different persons to be personal representative in this state and in the state of domicile.
In legal terms the bond of a personal representative protects the estate from the misfeasance, malfeasance and nonfeasance of the fiduciary. If you need to identify an attorney with probate experience we recommend Martindale.
Even without a statutory guideline on executor fees in Colorado, the general understanding among legal professionals suggests that an executor can expect to receive about 2-5% of the estate's value. However, this percentage can vary based on the specifics of the estate and the executor's duties.
By Application to the Registrar (Informal Proceeding). The Registrar may appoint a Nominee as Personal Representative without prior notice to any Interested Persons, if the Nominee has priority for appointment.