Twelve Common Misconceptions About The Colorado Probate Process

By DouglasTurner.com • Dec 21st, 2009 • Category: Common Misconceptions About Colorado Probate

Our 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 #8 (Part 8 of 12)

Colorado probate misconception #8: The will names you as the executor / personal representative, so therefore you are automatically liable for the deceased debts. Nope. First, you are not in charge until the will is admitted to Colorado probate and the judge says you are in charge. Second, even then, the personal representative is not liable for the deceased person’s debts unless there is some sort of breach of a duty owed to the creditor.

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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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