The state of Colorado requires that the legal transfer of assets left by a decedent to recipients or heirs be completed through a process called probate. Depending on the complexity of the estate and the expectations of involved parties, probate can be a simple and inexpensive process or a complicated and costly one. A well-organized estate plan crafted with the guidance of an experienced attorney can largely reduce—if not eliminate—the need for probate.
If you find yourself dealing with probate after the death of a loved one, you might quickly realize that you’re facing a challenging, costly, and lengthy legal process, one that puts an emotional strain on you and your family when you’re already experiencing grief over your loss. Fortunately, a probate attorney can guide you through the process and ease the majority of your burden, leaving you free to spend time doing the things that matter to you.
Probate Law in Denver, CO
Colorado law requires probate for all estates that include real property and over $50,000 in assets (including bank accounts and cash). The state will generally allow a more informal probate process when there is a valid will and a qualified personal representative and when the court does not expect any contests. Contested estates or those with invalid or questionable wills require a formal probate process, meaning the personal representative might need to get court approval for every transaction. Contested estates often get tied up in probate for longer periods of time, leading to high legal fees. The average estate in Colorado spends nine to 24 months in probate.
During the probate process, the trustee or personal representative has a difficult job in making sure they properly handle the trust or estate on behalf of the beneficiaries or heirs. This job comes with many duties and responsibilities. They must create an estate inventory, notify all possible creditors of the decedent’s passing, and pay any legitimate claims after consolidating or liquidating the estate’s assets. Once all of the decedent’s debts have been paid, the personal representative can then make distributions to heirs and pay final taxes on the estate. The probate process can officially end once all assets have been transferred and all claims settled.
In addition to the long list of tasks a personal representative must perform with care, they must also remain impartial when it comes to interested parties and put the interests of the estate above their own. This places a heavy burden on the shoulders of the personal representative. Fortunately, an experienced Probate Law Lawyer can lighten this load significantly by offering resources and guidance throughout the entire process.
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Meet Denver’s Most Dedicated Probate Attorney
At the Klein Law Firm, P.C., we’re skilled in the area of probate law. We often assist families or individuals through the difficult time of loss by assisting with the administration of the estate or trust both through trust settlement and through probate court when necessary.
The administration process is a series of steps that, by themselves, are not difficult to understand. However, we have found that the reality of undertaking an estate or trust administration is often overwhelming for an individual who is not represented by a skilled attorney. In many cases, you are better off letting a professional handle the details and file all necessary documents with the probate court to ensure everything is done properly and efficiently. Enter probate attorney Daniel R. Klein. He and his legal team handle every case with the dedication and experience you and your family deserve after your loss.
At the Klein Law Firm, P.C., our goal is to give you a compassionate, cost-effective probate experience with the help of a committed probate lawyer knowledgeable in the field. Attorney Daniel R. Klein has over sixteen years of experience working with individuals and families as they navigate the probate process after the death of a loved one.
Here at the Klein Law Firm, P.C., we’ll treat you like family from our office in Denver, Colorado.
To find out more about probate law or for a free consultation with a probate expert, please call us today.
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