Deed Of Distribution Vs Warranty Deed

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

Description

The Deed of Distribution is a legal document used in Colorado, allowing a personal representative of an estate to distribute property to individuals entitled to it under a will. It is distinct from a warranty deed, which guarantees the grantor holds clear title to the property and is responsible for any claims against it. This form facilitates the transfer of property, ensuring proper legal protocol is followed during estate settlement. Users must fill in specific details, including the names of the grantor and grantees, their addresses, and how the property will be held, either as tenants in common or joint tenants with the right of survivorship. For attorneys, partners, owners, associates, paralegals, and legal assistants, this form is vital for executing a deceased person's wishes regarding their property. Proper completion is crucial for legal validity, and users are advised to use the form fields provided for efficiency. It's important to understand the implications of the type of co-ownership chosen, as this affects inheritance and property rights. Overall, the Deed of Distribution is a critical tool in estate management and asset distribution.
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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

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.

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.

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.

Having a competent lawyer draft the deed of distribution for an executor of a South Carolina will ensure that all the legal requirements are met and the document is properly recorded with both the county Probate Court and Register of Deeds.

General warranty deeds give the grantee the most protection, special warranty deeds give the grantee more limited protection, and a quitclaim deed gives the grantee the least protection under the law.

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Deed Of Distribution Vs Warranty Deed