Part II
Enter the name, address and percentage interest
you want each person to have upon the death of the current owner(s). These
people are referred to as the "Primary Grantee-Beneficiaries" in
your Colorado Beneficiary Deed. You can name up to five people using this program.
If any of these should die before the current owner(s) pass away or you want
to add or delete a beneficiary, you should prepare a new Beneficiary Deed designating
how the property is to be divided. The new Beneficiary Deed will automatically
revoke the current Beneficiary Deed when it is recorded.
Part III
OPTIONAL PROVISION: If there is a chance all of the people you name above as the "Primary
Grantee-Beneficiaries" could die before you do or die in a common disaster
with you, then you should name one or more "Successor Grantee-Beneficiaries." If
you named only one Primary Grantee-Beneficiary above, you should definitely
fill out this section. You can name up to four people using this program. The
people you name in this section are called "Successor Grantee-Beneficiaries" in
your Beneficiary Deed. If one of these beneficiaries dies before you
do or you want to add or delete a new Successor Grantee-Beneficiary, you should
fill out and record a new Beneficiary Deed naming a new Successor Grantee-Beneficiary.
The new Beneficiary Deed will automatically revoke the current Beneficiary
Deed as soon as it is recorded.
Part V
Click on the "Review Deed Input" button to review your inputs. Review these to insure all the information is correct. If you note an error, click on the return arrow in your browser to return to the deed preparation page and correct the mistake. Review carefully the legal description data to insure it reads exactly as your current property deed. When you receive your completed deed the information in the Notary section will be filled in at the time you have your deed signed and notarized. Once this has been done, you must record it in the county where the property is located in order for the deed to be in effect. If your Beneficiary Deed is not recorded prior to your death it will not be valid.