How do I value collectibles like Pokémon cards for estate paperwork in Colorado (CO)?
Detailed Answer This section explains, in plain language, how to identify and value collectible trading cards (for example, Pokémon cards) when assembling estate paperwork in Colorado. This guidance covers practical steps for the personal representative (executor), how to document value for probate and tax purposes, and when to get professional help. This is general information […]
Read article →What are the legal requirements and process for transferring a decedent’s firearms during probate in CO?
How to legally transfer a decedent’s firearms during probate in Colorado Short answer: In Colorado the personal representative (executor or administrator) appointed by the probate court controls the decedent’s property, including firearms, and must transfer them in a way that follows Colorado probate rules and federal/state prohibitions on firearm possession and transfer. That usually means […]
Read article →What documentation is needed to prove ownership when filing a surplus funds claim in Colorado (CO)?
Proving Ownership for a Surplus Funds Claim in Colorado: What Documents You Need If a foreclosure or tax sale produced surplus funds (excess proceeds), a person claiming those funds must show clear proof of ownership or legal right to the money. Below is a plain-language, frequently asked questions (FAQ) style explanation of the typical documentation […]
Read article →How to protect life insurance proceeds when there is no named beneficiary from creditor claims in estate administration — Colorado (CO)
Detailed Answer: How Colorado law treats life insurance when no beneficiary is named and how to limit creditor access Quick summary: If a life insurance policy has no valid named beneficiary at the insured person’s death, the insurer will usually pay the proceeds to the decedent’s probate estate. Property that passes through probate is generally […]
Read article →What should I do if an heir refuses to return estate property and the estate is still open? (CO)
What to do if an heir refuses to return estate property while the estate is still open Short answer: Document the missing property, send a written demand, notify the personal representative (executor/administrator) and the probate court, and if the heir still refuses, ask the court to order turnover, compel an accounting, surcharge or remove the […]
Read article →What options do heirs have when an estate administrator becomes unresponsive or refuses to distribute assets? – CO
Detailed Answer: What heirs can do if an estate administrator in Colorado is unresponsive or refuses to distribute assets Short answer: In Colorado, heirs have several remedies if a personal representative (often called an estate administrator or executor) is unresponsive or refuses to distribute assets. Start by documenting communications and asking for an accounting. If […]
Read article →How do I apply to be appointed as the personal representative of a deceased relative’s estate in Colorado (CO)?
Detailed Answer — How to apply to be appointed as the personal representative of a deceased relative’s estate (Colorado) This section explains, in plain language, what it takes to apply to be appointed as a personal representative (sometimes called an executor or administrator) under Colorado law and what to expect during the probate process. This […]
Read article →How can heirs petition the court to reopen a closed estate to claim unclaimed assets? – CO
Disclaimer: This article is for educational purposes and does not constitute legal advice. Detailed Answer Under Colorado law, heirs or other interested persons can petition the probate court to reopen a closed estate when they discover unclaimed assets or identify errors in the original distribution. 1. Statutory Authority Colorado Revised Statutes §15-12-110 grants the court […]
Read article →What is the process for inventorying and distributing estate assets among multiple heirs in Colorado?
Settling an estate in Colorado involves several key steps: appointment of a personal representative, inventory and appraisal of assets, notice to interested parties, payment of debts, and final distribution. Understanding each step helps ensure equitable allocation among heirs. Detailed Answer 1. Appointment of a Personal Representative The process starts when the court appoints a personal […]
Read article →How do heirs locate and claim unclaimed property of a deceased relative in Colorado?
Disclaimer: This article is for informational purposes only and does not constitute legal advice. Detailed Answer When a person dies, assets such as bank accounts, safe deposit contents, insurance proceeds or uncashed checks can become “unclaimed property.” In Colorado, the Uniform Unclaimed Property Act (C.R.S. §§ 38-13-101 et seq.) governs how the state holds and […]
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