Trusted Guidance For Probate And Estate Administration
Estate and probate administration issues can make an already grievous situation even more overwhelming. While coping with the loss of the loved one, you may be in charge of, or have a vested interest in how their estate is handled upon their death.
Since 1970, individuals and families in Centennial have sought the legal guidance of Albert V. Evans, Attorney at Law, for all matters of estate planning and probate administration. In addition to guiding personal representatives through the probate process, I represent heirs, beneficiaries and personal representatives in will contests and other probate litigation matters.
Do you have questions about the probate process, or need assistance settling a loved one’s estate? I am here to help in whatever capacity you need. Call my office at 303-427-5581 to arrange a confidential consultation today.
How Long Does It Take For An Estate To Pass Through Probate?
The probate process is simplified in Colorado. With a will, it usually takes about 30 to 60 days to name a personal representative (or executor) for the estate. The average estate can be distributed and closed in six months to a year. Without a will it can take a little longer where notice of a hearing must be given.
What Assets Pass Through Probate?
Any real or personal property owned by the decedent at the time of their death will typically go through probate for distribution.
Do Estate Taxes Need To Be Paid Upon Death?
The IRS Federal Estate Tax basic exclusion amount for 2018 is $11,180,000. The Colorado estate tax is the maximum allowable exemption for federal estate taxes. If there are no taxes due the IRS, because the estate does not exceed the exclusion amount then there are no estate taxes due Colorado. The basic exclusion may change from year to year.
“A tax in the amount of the federal credit is imposed on the transfer of the gross estate of every domiciliary.” § 39-23.5-103, C.R.S. If there is no federal credit because the estate does not exceed the basic exclusion amount, then there is no Colorado tax.
Do You Still Have Questions About Probate?
Depending on your circumstances and the size of the estate, the probate process can get very complicated. Get the help of an experienced Colorado probate lawyer today.