h_bus_2016a_2016-01-21t13:32:02z0 Hearing Summary

Date: 01/21/2016

01:32 PM -- HB 16-1051



Representative Van Winkle, sponsor, introduced House Bill 16-1051. The bill requires the Department of Revenue (DOR) to create and provide a beneficiary designation form that allows a vehicle owner or joint vehicle owners to arrange a transfer of vehicle ownership to a named beneficiary upon the owner's or owners' death. Upon the death of the owner or last surviving joint owner, the beneficiary presents the notarized form, as well as proof of death and the auto title transfer fee to DOR to request a new title of vehicle ownership in his or her name. The transfer is not subject to the Colorado Probate Code. During the lifetime of the vehicle's owner, the signature or consent of the beneficiary is not required to sell the vehicle and the beneficiary designation can be changed or revoked at any time. Transferring the certificate of title to another person voids the beneficiary designation.



01:34 PM -- Justin Vaughn, representing himself, testified in support of the bill.