Section 5 : Transferring Title in Colorado

Voluntary Alienation

Choosing to transfer your property

Involuntary Alienation

Forced to leave your property, not at will

Regulatory Taking

When a government regulation restricts use of private property

Adverse Possession

Transferring ownership or partial ownership of a property to a non-owner without permission

Eminent Domain

Government ability to turn private property in public land, without permission

Escheat

When the government takes a property after a person dies because they have no will or heirs

Law of Descent

When someone dies without a will, the court decides which of the heirs will receive it

Probate

Legal process of validating a deceased person’s will and distributing property 

Dying Intestate

Case where a person died and did not leave a will

Dying Testate

Case where person died and has a complete legal will

Statutory Will

Most basic simple will, sometimes prepared by attorney, check boxes

Holographic Will

A will written on paper, often not accepted

Oral Will

Statements on what they’d like provided to witnesses

Administrator

Owner died without a will

Executor

Owner died with a will

Living Trust

legal arrangement created during your lifetime to hold and manage your property for your benefit and distribute it to your heirs after you pass away

Deed of Gift

Legal document to transfer property to someone else without any payment or money received

Conveyance of Dedication / Dedication by Deed

Transfer of private land or interest in it for the public or public usage

Reasonable Belief of Ownership

Proving tha tthey genuinely believed the land was theirs

Adverse Possession - Openness and Notorious Possesion

This is not secret and is in plain sight that people know about

Adverse Possession - Reasonable Belief of Ownership

No mal intent, they genuinely believed that this was in their right to own

Adverse Possession - Hostile Possession

The trespasser occupies the land without the owner’s possesion

Adverse Possession - Continued and Uninterrupted

The trespasser occupies the and for whatever the state regulated about of time is

Condemnation

When the government takes private property to convert to public land, but the owner receives compensation

Inverse Condemnation

The owner has to sue the government to receive compensation

Lien

Legal claim or security interest placed on a property to ensure they get paid back for a debt