Ancillary Probate: Will It Cost You Thousands?
By Douglas A. Turner, Esq. • Oct 9th, 2007 • Category: Estate Planning & Colorado ProbateAvoiding ancillary probate is easy. By putting real estate into something called a nominee trust or living trust, ancillary probate proceedings and the associated expense can be avoided. As an alternative to a living trust, a limited liability company can be created, the real estate transferred to the company and then ownership in the company can be transferred to the heirs through the primary probate proceeding…