Does Every Estate Need To Go Through Probate Colorado?

Don’t Go At Your Probate Case Without Legal Representation

Probate is usually needed whenever a person dies with property titled in their name that must be re-titled before being transferred to their heirs. 

Denver lawyerHowever, probate is usually unnecessary if the deceased person holds all their property jointly with their spouse. In this case, no probate proceeding will be necessary as the property can be transferred into the sole name of the surviving spouse, without the need to go through the probate process.  However, the property must not be owned jointly as tenants in common.

Furthermore, suppose the only estate assets are those for which the deceased person had designated a beneficiary. In that case, again, probate would not be necessary. 

For example, life insurance policies, 401Ks, IRAs, bank accounts, and some real estate may be transferred directly to a designated beneficiary without a probate proceeding. 

However, suppose the decedent neglected to name a beneficiary for a particular asset or the heir died before the decedent. In that case, a probate proceeding may still be necessary.

Ultimately, probate is required if there is a property at stake that is not subject to a right of survivorship, there is substantial personal property that is not held in an account with a designated beneficiary, or there is a dispute about the inheritance of certain property.

Contact Baker Law Group today to get the assistance you need from a Denver Probate attorney.

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