Deed Of Distribution

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

Description

The Deed of Distribution is a legal form designed for transferring property from an estate to designated individuals, known as Grantees, following the death of the property owner. It outlines the roles of the Personal Representative and requires accurate identification of how the Grantees will hold the property, either as Tenants in Common or Joint Tenants with Right of Survivorship. This form facilitates the formal distribution of assets as directed by the decedent's will and complies with Colorado law. When completing the form, users can utilize form fields in digital formats or fill it out manually. Clear instructions on filling in details, such as the name of the decedent and the property address, are provided. This deed is useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it streamlines the estate distribution process and ensures that property rights are clearly documented. The disclaimer emphasizes that users should consult an attorney for legal guidance, ensuring they understand the limitations of the form's use. Overall, the Deed of Distribution is a critical document for managing estate transitions while addressing the specific needs of various legal professionals.
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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

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.

Proof that a distributee has received an instrument or deed of distribution of assets in kind, or payment in distribution, from a personal representative, is conclusive evidence that the distributee has succeeded to the interest of the estate in the distributed assets, as against all persons interested in the estate, ...

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.

A copy of the recorded Deed of Distribution needs to be filed at the Probate Court. Real property located in other South Carolina counties will require the Deed of Distribution be recorded in that location. You should then deliver the recorded Deed of Distribution to the new owners of the property.

In South Carolina a Deed of Distribution releases real property such as a house or land from the deceased persons name to the name of the beneficiary. This is usually one of the last steps in the probate procedure and is done after the eight month creditor period has expired.

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Deed Of Distribution