Close your estate as quickly as possible
Avoid costly mistakes
Receive the support you need
Kelly Law can take probate proceedings off your plate.
When you’ve lost a loved one, getting caught in probate is the last thing you want to experience. Choosing a probate lawyer gives you:
Time to Grieve
When you’ve lost a loved one, you need time to grieve, not get bogged down in hours of paperwork and even longer hours at court. We can give you back precious hours.
Support in Legal Proceedings
Probate is complicated. Our experienced team will give you the support you need to meet your obligations and liabilities with as little confusion as possible.
Freedom from Stress
Let us deal with the confusing legal jargon, missing legal documents, and lengthy process to make your probate experience as stress-free as possible.
What is probate and how does it work?
Probate is the court process used to appoint a personal representative who will be in charge of distributing the assets of someone who died either having more than $74,000 (as of 2022) in total assets or owning real property in Colorado.
Here’s how it works:
A personal representative is appointed.
Once you know you need to do a probate, the next step is to determine whether the probate is testate (a valid will exists) or intestate (no valid will was found).
If the person did have a will and the original has been located, the will needs to be lodged with the court right away.
The person who wishes to be Personal Representative must apply to be appointed with the court. The court will then issue an Order and Letters appointing the Personal Representative.
This work often amounts to what feels like a full-time job and involves extensive paperwork and time in court. Many people choose to hire an expert attorney instead of doing the work themselves.
The administration of the probate takes place.
In Colorado, the probate process must last at least six months and can cost $10,000-$15,000. If family members are arguing or the process is being contested, it could last much longer than six months and cost thousands more.
Eventually, the court will make a decision and provide the personal representative with a letter. This is when all of the administration of the probate takes place.
Administration of the probate can include:
Selling to third-parties or transferring real property to beneficiaries.
Paying creditors. This includes all of the court costs incurred by probate.
Distributing proceeds of the estate to beneficiaries.
The estate is closed.
Once the administration of the estate has been completed, the estate and its probate is closed. The exact pieces of each estate’s probate can vary, so be sure to check you have completed all steps before requesting the court close the probate and release the personal representative from his or her role and associated liability.