Twelve Common Misconceptions About The Colorado Probate Process
By DouglasTurner.com • Oct 25th, 2009 • Category: Common Misconceptions About Colorado Probate, Estate Planning & Colorado ProbateOur office routinely handles the same questions or misconceptions about the Colorado probate process. Twelve of the most common Colorado probate misconceptions are listed in this 12 part series.
Colorado probate misconception #1 (Part 1 of 12)
Colorado probate misconception #1: The surviving property owner automatically owns any jointly held real property (the house). This is perhaps the biggest misconception people have about the Colorado probate process. It is a misconception about how Colorado real property passes at death. The requirements for properly transferring jointly held Colorado real property range from legally documenting the transfer in the real property records to opening a probate estate to physically draft a deed of transfer. The requirements are not known until a full review of the jointly held Colorado real property is complete.
DouglasTurner.com.
This column is not legal advice nor does it create an attorney-client relationship with the reader. Due to limited space, complex legal concepts and rules may be stated in terms of general concepts.
Based on 2009 Colorado and Federal law. Consult legal counsel before acting on any information contained in this column.
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