In Colorado, most estates must go through probate unless the assets are in a trust or a payable-on-death beneficiary is listed. However, the state offers three different types of probate.
The one that an estate must follow will be determined by a number of factors. The court may issue an affidavit rather than initiate probate for small estates. Without real estate, a “small estate” is one with a value of less than $50,000.
Informal probate, in which the will is not challenged, is a second option. The probate process for the estate must continue, but the court has very little influence. The estate distribution process is overseen by the personal representative. The third option is formal probate for contested or questionable wills. Every stage of the process needs to be clearly outlined and approved by the court.
If you have any questions concerning the probate process in Colorado, you should speak with an experienced probate lawyer Colorado Springs residents trust. The Colorado Springs probate lawyers at Baker Law Group have years of experience helping clients navigate the complex world of probate law.
