When is Probate Necessary?

Attorney Jessica Showers explains when Probate is necessary in Colorado.

When probate is necessary really depends on what state the person who died lived in. In Colorado, probate is necessary when that person owned real estate only in their name, or they had assets that were valued over altogether $66,000 and those assets don’t have a beneficiary designation. So, things like retirement accounts, IRAs, life insurance policies, lots of those things have beneficiary designations. We say on there “if I’m not around, I want that asset to go to my husband, or I want it to go equally to my kids.” And so that beneficiary designation trumps anything else. But if the asset doesn’t have a designated beneficiary, if it’s unnamed and it’s over $66,000, then it has to go through probate so that the court can sign off on the orders, changing the title out of the name of the person who died and into the name of the beneficiaries.

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At Hammond Law Group, we focus on helping Colorado families build strong, forward-looking estate plans that protect assets and preserve family harmony.

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At Hammond Law Group, we believe that the foundation of good estate planning lies in knowledge and understanding. Our approach starts with education. Join our highly informative workshop on wills, trusts, estate planning, and more, where we provide you with comprehensive information to get you started in designing your personalized plan.

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We have a team-centered approach. While each client’s family works with one attorney, our attorneys regularly discuss the design of our plans with each other in order to ensure we’re doing everything possible to help you meet your goals.

In addition, each client works primarily with one paralegal, who gets to know you and your estate plan intimately through the design and
implementation process. The biggest complaint people have about
lawyers is lack of communication, and by working as a team we have
virtually eliminated this complaint for our clients.

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Your Experienced Estate Planning & Elder Law Advisors | Colorado | Call 719-520-1474

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At Hammond Law Group, our estate planning attorneys work together to create meaningful, lasting estate plans for Colorado families. Each member of our team shares a commitment to personal connection, clear communication, and compassionate service.