Twelve Common Misconceptions About The Colorado Probate Process

By DouglasTurner.com • Dec 28th, 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 #9 (Part 9 of 12)

Colorado probate misconception #9: The money was in an account owned jointly by you and the deceased. Therefore, the money is yours. Sorry. It can be, but often a jointly owned account was for convenience. Instead of owning the money, you may have fiduciary duties to others.

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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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