The probate process is often one of the least explored areas of estate planning. If you're involved in a probate case or want to prepare the ideal estate plan, understanding how probate works in Colorado can help you find the best path forward.
To schedule a consultation with our team and receive the legal representation you deserve during probate, contact us online or via phone at (719) 212-4227.
How Does Probate Work?
After an individual dies, their estate goes into probate. During probate, the probate court tries to ensure that the deceased individual's property is appropriately distributed according to their last will and testament.
When a person drafts a will, they can appoint a personal representative. The personal representative is the individual the person writing the will wants to distribute their estate after they die.
If the person writing the will fails to appoint a personal representative, the probate court will appoint one on their behalf. The court often chooses a close family member, such as the deceased individual's (decedent's) heir to act as the personal representative.
During probate, the personal representative works with the court to distribute the decedent's property. This involves taking various steps, such as:
- Contacting other individuals named in the will or who knew the decedent and notifying them of the probate;
- Analyzing the decedent's property and determining the value of their assets;
- Giving the probate court a complete inventory of the estate.
- Handling any disputes that other individuals named in the will may have with the will or the probate process;
- Distributing assets to repay any creditors before issuing remaining assets to the individuals named in the will.
At the Law Office of Greg Quimby, P.C., we'll work with you to handle the probate process. To schedule a consultation with our team, contact us online or via phone at (719) 212-4227.