If you own real estate in Colorado and want to make sure that it passes to your heirs without the hassle of probate court, simply create a transfer-on-death (TOD) deed. This deed transfers ownership of your property just like a regular deed you might use to transfer real estate, but with a crucial difference: it doesn't take effect until after your death.
Creating a TOD deed is a snap! Simply complete the following steps:
- fill in information about you and the TOD beneficiary
- write a description of the property
- check over the completed deed
- sign the deed and have it notarized
- record the deed at the recorder's office in the county where the property is located
Plus, you don't need to amend your will, since this deed overrides any provisions you may have written into it. Take care of your beneficiaries and help them to avoid probate with this plain English eForm from Nolo.