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Category: Real Estate

Real Property Transfers and Estate Planning

Real Property Transfers and Estate Planning

Real property transfers and estate planning go hand in hand, as transferring ownership of real estate is often a key part of the estate planning process. Whether you’re looking to transfer property to your children, donate it to a charitable organization, or use it to fund a trust, it’s important to understand the legal and financial considerations involved. Below are the different ways to transfer real property in the state of Colorado. Hopefully these tips will help you create a…

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Know These 8 Extremely Dull Boilerplate Clauses

Know These 8 Extremely Dull Boilerplate Clauses

They’re in almost every contract. In boilerplate. Written in legalese, making it worse. Glazing over your eyes from reading and trying to make sense of the parties to the contract, their obligations, and responsibilities. Peppered throughout, but more heavily at the end when you’ve read enough, there’s these handful of terms you’ve seen before in boilerplate. So instead of reading them carefully, and paying close attention you skim. A single change to these boilerplate clauses can have significant impacts to…

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Estate Planning and Beneficiary Deeds In Colorado

Estate Planning and Beneficiary Deeds In Colorado

In Colorado, a home or real property can transfer from one owner to another by the use of a beneficiary deed. Upon the death of the grantor, the transfer of property passes outside of probate. As with creating a trust or joint tenancy, the use of a beneficiary deed is considered another probate avoidance strategy. Below of some things you should know about beneficiary deeds when considering one in your estate plan: It must be recorded before the death of…

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