Chapter 4 - § 4.3 • DESIGNATED BENEFICIARIES

• Jurisdiction: Colorado

§ 4.3 • DESIGNATED BENEFICIARIES

§ 4.3.1—In General

The Colorado Designated Beneficiary Act²⁶ provides for the creation of a designated beneficiary agreement.²⁷ The statute does not characterize, or give a name to, the relationship created by a designated beneficiary agreement, nor does it create an entity composed of the two individuals who are parties to a designated beneficiary agreement. Therefore, it would seem, title to real property held by both parties to a designated beneficiary agreement could only be held in the same way that title to real property is held in some form of common ownership by two individuals.

--------

Notes:

^[26] C.R.S. §§ 15-22-101, et seq.

^[27] C.R.S. § 15-22-103(2) provides:

"Designated beneficiary agreement" means an agreement that is entered into pursuant to this article by two people for the purpose of designating each person as the beneficiary of

...