Understanding Colorado Probate Laws

As experienced probate lawyers in Denver, we are often asked this question. First, asset owners must take steps to avoid probate before they pass away.

To prevent probate effectively, it’s essential to ensure that all your assets are designated to pass directly to a specific individual or a Trust upon your death. There are several ways to achieve this, including the following methods:

• Ensure that every financial account and insurance policy has a current beneficiary or payable-on-death designation.
• Establishing a joint asset owner who will take over full ownership upon your death;
• Putting a beneficiary deed in place for real property; or
• Establishing a trust and either transferring ownership of assets to that trust before your death or creating a will dictating that all assets pass directly into your trust.

Each option has its own advantages and disadvantages. We recommend speaking to a Denver Probate Lawyer at Baker Law Group to find the best choice for you.