Property Ownership
In Colorado, a property owned by a 'revocable living trust' during the owner's lifetime is treated for real estate purposes as:
AA. Property owned by a nonprofit organization
BB. Property owned by the trustee on behalf of the trust, which passes outside of probate upon the trustor's death✓ Correct
CC. Commercial property requiring special disclosures
DD. Government-owned property
Explanation
A revocable living trust holds title to property with the trustee (often the creator/grantor) as the legal owner. During the grantor's lifetime, they retain control.
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