Twelve Common Misconceptions About The Colorado Probate Process

By DouglasTurner.com • Jan 18th, 2010 • 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 #12 (Part 12 of 12)

Colorado probate misconception #12: As executor / personal representative, you can do whatever you want whenever you want. Not so. You are not King or Queen. The executor / personal representative is a fiduciary. Being a fiduciary means having special obligations to look out for the interests of others, including the people owed money. The personal representative cannot put their individual interests ahead of other heirs and creditors. If you do, you may be asked to dig into your own wallet to correct your mistake.

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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 2010 Colorado and Federal law. Consult legal counsel before acting on any information contained in this column.
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Comments

  1. Charles Corrigan   on May 23rd, 2010 at 6:23 pm:

    i have been served a notice to quit, can i filesomething to stop this notice,and if so what ?


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