Colorado beneficiary deed lets an owner name a beneficiary to receive real property at death, while the owner keeps full control during life. The deed must be recorded before death to be effective. This tool can reduce probate costs and delays, which helps preserve value for heirs. It also complements broader asset preservation strategies alongside trusts and titling choices. Owners should coordinate beneficiary designations with their overall plan to avoid conflicts. Review the statute describing beneficiary deeds and recording requirements.