Serving Denver and the South Denver Metro Area
Probate is the court process for determining how someone’s estate will be distributed after they die. In Colorado, probate is required for anyone who passes away with more than $66,000 in assets or who owned real estate in their own name. There are a number of ways to avoid probate, including jointly titling property with someone who survives you, placing your assets in a trust, designating beneficiaries for certain accounts or life insurance policies, and keeping the value of your personally titled assets below the $66,000 figure. But each of these options comes with certain drawbacks and risks, and sometimes, trying to avoid probate causes more problems than it solves. Many estates will go through the probate process, often as a result of deliberate decisions.