Colorado Petition for Adjudication of Intestacy and Formal Appointment of Personal Representative

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A Fiduciary Deed, also known as a trustees deed or personal representatives deed, is a legal document used to convey real property from one party (the grantor) to another (the grantee). A fiduciary is a person or entity entrusted with the responsibility to manage and act in the best interests of another party.
The time it takes to settle an estate in Colorado can vary significantly but typically ranges from 6 to 18 months. Here are some key points regarding the timeline: Minimum duration: Both informal and formal probates in Colorado must remain open with the court for at least 6 months.
A personal representative carries out the wishes of the dece- dent regarding distribution of their assets and completes the administration of the estate. Assets are distributed either ac- cording to the terms of the decedents will, or by Colorado law.
A personal representative has the following general responsi- bilities: Collecting and inventorying the assets of the estate; Managing the assets of the estate during the probate process; Paying bills, creditors and taxes; Making distributions to the heirs or devisees of the es- tate; and Closing the estate
The main difference is the amount of court oversight and whether the court makes a formal finding of the petitioned facts. When opening a formal case, the petitioner must send notice of their intent to be appointed as personal representative and allow a time period for potential objections before being appointed.
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All estates in Colorado go through probate. However, most estates have little to no court supervision. The court will generally accept the personal representative listed in the decedents Will or appoint one if there is no Will.
Under the Uniform Probate Code , a personal representative has the same power over the title to property of the estate that an absolute owner would have. Although, the personal representative holds the property of the estate in trust for the benefit of the creditors and others interested in the estate. This power
Petition for Adjudication of Intestacy Determination of Heirship and Formal. Appointment of Personal Representative is a request for the court to determine the priority or qualification of one who is seeking appointment as personal representative, that the decedent did not leave a will and the heirs of the decedent.

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