Beneficiary Deeds: What are they? When are they used?

Selling the family home at 8895 Morton Road in Niwot, Colorado was unexpectedly delayed due to a deed issue that surfaced after a parent passed away. Despite receiving multiple offers early on, we couldn’t move forward because of unresolved ownership barriers. As a result, the home sat on the market for nearly a year. The good news? Once resolved, the home went under contract immediately and recently closed. This experience is a reminder of how important it is to properly deed your parents' home and check the title before listing. Taking care of these legal details in advance can save a lot of time, money, and heartache! We connected with our friend and client, Julia Winters and others from her team, who helped to bring a happy ending to this family's story of selling the home they grew up in. You may be wondering...What is the beneficiary deed process? and ...When should they be used? Read on... 1. Short explanation of Beneficiary Deed p...