by Kelly Law Firm | Sep 21, 2022 | Blog, Estate Planning, Probate
When you are named “Personal Representative” or “Executor” you are in charge of running the show. The Personal Representative has four jobs: Locate the decedent’s assets Value those assets Pay any potential creditors Distribute the assets However, just because you are... 
by Kelly Law Firm | Sep 9, 2022 | Blog, Estate Planning, Probate, Properties
One of the most common ways for your estate to get pulled into probate in the United States is if you own any real property (land, house, or mineral interests). If you own properties in multiple states, then you could be subject to probate in each of those states.... 
by Kelly Law Firm | Aug 24, 2022 | Blog, Estate Planning, Inheritance Laws, Myth, Probate
In-State Resident and Probate Do you live outside of Colorado but are named as Personal Representative for a Colorado resident? No problem! Colorado does not require an in-state resident status. However, probate laws may differ from state to state and could end up... 
by Kelly Law Firm | Jul 5, 2022 | Estate Planning, Probate
Probate is the court process that happens when someone has passed away. Each state has different requirements, so it’s important to consider the laws for probate in Colorado. Understanding Probate in Colorado In Colorado, your estate gets pulled into probate if... 
by Kelly Law Firm | Jun 9, 2021 | Blog, Estate Planning, Probate
What is a Personal Representative Deed? When someone dies owning an interest in real estate, the legal instrument used to transfer the property to either a buyer or a beneficiary is a Personal Representative Deed. This provides essential information about the specific... 
by Kelly Law Firm | Jun 4, 2021 | Blog, Probate
Fact: Having a Will might not be enough to avoid probate. In Colorado, if you own real estate titled only in your name and/or if the combined value of your assets is $70,000 or more, then your estate will be subject to probate – even if you have a Will. Only...