One of the main goals when creating your estate plan in Colorado is to make things easier for your heirs when you die. Your estate plan outlines your wishes and allows you to decide which assets go to which heirs. You can make arrangements to ensure there are no issues with your finances as well. You have probably spent quite a bit of time making sure your estate plan is in order. So, you may wonder why or if your estate will have to go to probate.
The Denver Bar Association explains probate is the process where the court makes the legal transfer of your assets. Your estate will have to go through probate to make sure all legal aspects are in order. That does not mean it will take a long time or become complex. If you planned well, then it should go rather smoothly and quickly.
If you have set up automatic transfers for all your assets, then you may not need probate. In most cases, though, you will have some that need to go through the process. Any assets that by law transfer on your death do not have to go through it.
It is important to note that even if you do not have to go through the probate process, your will must still go on file with the District Court in your area. This is a legal requirement regardless of whether you need services or not. This information is for education and is not legal advice.