Deed Distribution Of Property

State:
Colorado
Control #:
CO-02-84
Format:
Word; 
Rich Text
Instant download

Description

The Deed of Distribution form is utilized in Colorado to facilitate the transfer of real property from a deceased individual’s estate to two grantees, typically identified in a will. This form allows personal representatives to declare how the property will be held, either as Tenants in Common or Joint Tenants with Right of Survivorship, which impacts the rights of the grantees after the death of one party. Users can complete this form using digital tools like Microsoft Word or Adobe Acrobat, ensuring ease of access through fillable fields. It is important to designate the appropriate manner of property holding for proper legal effect. The document includes disclaimers that emphasize the necessity of seeking legal advice for complex matters. Key features include definitions of ownership types and instructions for ensuring that the deed complies with Colorado probate law. This form is particularly useful for attorneys, paralegals, and legal assistants involved in estate planning and property distribution. Legal professionals can efficiently prepare this form to ensure compliance with statutory requirements while supporting their clients through property distribution processes.
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  • Preview Deed of Distribution - Personal Representative to Two Individuals
  • Preview Deed of Distribution - Personal Representative to Two Individuals
  • Preview Deed of Distribution - Personal Representative to Two Individuals
  • Preview Deed of Distribution - Personal Representative to Two Individuals
  • Preview Deed of Distribution - Personal Representative to Two Individuals

How to fill out Colorado Deed Of Distribution - Personal Representative To Two Individuals?

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FAQ

Please note: South Carolina is an Attorney State when it comes to Deed preparation. Any preparation by an individual is considered an unauthorized practice of law.

The deed of distribution is signed by the acting PR in the presence of a notary public and two witnesses before recording in the Register of Deeds' office of the county where the subject property is situated. A certified copy should be delivered to the probate court.

May I prepare my own deed? A. Yes you may, but our office always recommends that you hire an attorney. Our office is strictly for recording, we do not prepare documents and do not answer questions in the preparation of legal documents.

As of now, South Carolina law does not permit the use of TOD deeds to transfer ownership of real estate. Instead, other estate planning tools, such as joint tenancy or a living trust, can be used to avoid probate for real estate.

If there is real estate in the estate and it has not been sold, a Deed of Distribution (FORM 400ES) must be filled out and recorded. It is recommended that an attorney assist you with this particular duty. The Deed of Distribution transfers the real property from the decedent's name to those who inherit it.

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Deed Distribution Of Property