Colorado Quitclaim Deeds we offer involve variations on transfers from one or two individuals to one or two individuals.
Colorado Quit Claim Deed with Joint Tenancy
One of the issues to consider when transferring Colorado real property by quitclaim deed to two owners is whether to make the transfer in Joint Tenancy or as Tenants in Common.
Joint Tenants With Right of Survivorship Defined
When using a Colorado Quitclaim Deed form, a transfer in Joint Tenancy or “Joint Tenants With Right of Survivorship” (JTWROS) means that upon the death of an owner (a Joint Tenant), the deceased owner’s interest in the real property automatically passes to the remaining joint tenants.
No Colorado probate is necessary to convey the deceased owner’s interest in the real estate. However, a certified death certificate and perhaps a supplemental affidavit must be recorded in the real property records to properly document the death.
Attention! We are not attorneys and we are not lawyers. We cannot represent customers, select legal forms, or give advice on rights or laws. The article provided is for information ONLY and is NOT a substitute for the advice of a lawyer.