Co probate will 2026

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Whether probate is needed depends on what the person owned when they were alive. For example, if they owned a property in their sole name, or had other high value assets, its likely youll need probate to deal with their estate.
If you dont file probate, your loved ones assets could be left in limbo. To prevent this, its important to start probate immediately after the decedents death. When you dont file probate on time, the court may assign an administrator who may not be your choice, or you could run out of time and be unable to do so.
Probate is generally required in Colorado for most estates, including those with wills and intestate estates: Estates over $80,000: These estates must go through probate to distribute assets to heirs. Real estate: Real estate that is only in the name of the deceased person must go through probate.
Most state laws require that all wills be filed. They do not, however, require an executor to file a petition for probate or prove the validity of the last will and testament. Property could remain in the decedents estate indefinitely if no one probates the will.
Assets with designated beneficiaries that commonly bypass probate encompass: Insurance policies. Retirement accounts like IRAs. Bank accounts with payable-on-death designations.