What is probate?
“We’re headed to probate.” If you’ve heard those words before, you may wonder, “What’s probate? Is it expensive? Do I have to pay for probate? How long will probate take?” All estates go through the probate process in Colorado with some simplified and expedited allowances. First, it’s helpful to know what constitutes as probate.
What is probate? Probate is the legal process that takes place after a person dies. Probate often involves a series of required steps in Colorado:
Proof of the validity of the deceased’s will. Identifying and cataloging the deceased’s property. Appraisal of the deceased’s property. Payment of appropriated taxes and unresolved debts. Distribution of the deceased’s property as detailed in a verified will (or by state law in the absence of a verified will). You can learn more about what the probate process in Colorado entails here.
Types of probate in Colorado There are three (3) forms of probate in Colorado:
Small estate probate – For estates less that $50,000 in value with no real property; Informal probate – Designated for uncontested estates with value greater than $50,000; Formal probate – Designated for contested estates and invalid or questionable wills. In the event of a will, the named executor of the will is responsible for distributing the declarations of the deceased’s will. If no will is verified or in the absence of a will, a court-appointed
If a person dies with $50,000 or less value in their property, regardless of the existence of a will, the deceased’s devisees or heirs may collect the property in question with an affidavit. The affidavit involves the devisee or heir in question provide a sworn statement of their lawful entitlement of the property in question. They are also responsible for distributing any remaining property to other entitled devisees or heirs.
Both informal and formal probates must be open with the court for a minimum of six months. Informal probates are designated with a verified will is in place, no contests are expected, and a definitive estate personal representative is prepared for appointment as executor. Formal probate proceedings occur for a variety of reasons, including when a will is contested, inconclusive, invalid, or significant challenges regarding the will are presented (ex. property title disputes, locating designated heirs, etc.).
The probate process in Colorado is much easier to navigate with an accomplished attorney on your side like Jack Kaufman. You may have more questions than answers when it comes to probate. The Law Offices of Jack P. Kaufman are here to serve you. Contact our offices to schedule a conversation.
















