A grantee-beneficiary may refuse to accept all or any part of the real property interest described in a beneficiary deed. A grantee-beneficiary may disclaim all or any part of the real property interest described in a beneficiary deed by any method provided by law. If a grantee-beneficiary refuses to accept or disclaims any real property interest, the grantee-beneficiary shall have no liability by reason of being designated as a grantee-beneficiary under this part 4.
Source: L. 2004: Entire part added, p. 733, § 1, effective August 4.
Structure Colorado Code
Title 15 - Probate, Trusts, and Fiduciaries
Article 15 - Nonprobate Transfers on Death
Part 4 - Transfer of Real Property Effective on Death
§ 15-15-402. Real Property - Beneficiary Deed
§ 15-15-403. Medicaid Eligibility Exclusion
§ 15-15-404. Form of Beneficiary Deed - Recording
§ 15-15-405. Revocation - Change - Revocation by Will Prohibited
§ 15-15-407. Vesting of Ownership in Grantee-Beneficiary
§ 15-15-408. Joint Tenancy - Definitions
§ 15-15-410. Purchaser From Grantee-Beneficiary Protected
§ 15-15-411. Limitations on Actions and Proceedings Against Grantee-Beneficiaries