Timeshare Owners Take Note: Colorado Beneficiary Deeds are Superior to Trust Transfers
The traditional method to avoid Colorado probate for Colorado real estate is to transfer the Colorado timeshare to the owner's trust or corporation. The better solution is a Colorado Beneficiary Deed.
The Trouble With Trusts for Timeshares
Many Colorado timeshare owners do not understand that a transfer to a trust or corporation can trigger significant documentation requirements by the Colorado timeshare association. For example, the Association should require a copy of the trust, complete disclosure of trustees incuding address and telephone number and a RECORDED statement of authority. Many of these transfers to trusts and corporations result in unmarketable title.
Colorado Beneficiary Deed is Hassle Free
The solution to the stringent documentation requirements is a Colorado Beneficiary Deed. A Colorado Beneficiary Deed does not change any ownership until the death of the current owner. At that time, the Colorado timeshare passes directly to the new owner. All that is required is a recorded death certificate and a supplemental affidavit.
Colorado Beneficiary Deeds for Timeshare Owners
While we do offer our Colorado Beneficiary Deed here at DeedMonkey, we also offer many Timeshare Specific Beneficiary Deeds which are customized to your specific timeshare. See our current list of timeshare legal forms for more information. If you don't see your timeshare listed, be sure to contact your timeshare owner directly. We can customize a Colorado Beneficiary Deed for most timeshares by request.
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