Resuming How to Avoid Colorado Probate: 4 Steps (Pt. 1), here, we will continue to point out some of the specific steps you can take now to help your loved ones avoid probate in the future.

How to Avoid Colorado Probate: More Steps You Can Take

While joint tenancy rights of survivorship can help people avoid Colorado probate, contact us when you need experienced help with probate and/or estate planning.

While joint tenancy rights of survivorship can help people avoid Colorado probate, contact us when you need experienced help with probate and/or estate planning.

In addition to developing living trusts and designating beneficiaries on certain accounts and insurance policies, other things you can do to help your loved ones avoid having to deal with Colorado probate later include:

3 – Using joint tenancy with rights of survivorship.

For property like homes and real estate, owning this property jointly with a spouse or someone else can be another way to avoid probate for these assets. This is because, upon the death of one owner, the property will directly transfer to the owner – without the need for additional legal processes like Colorado probate.

4 – Gifting some property away before passing.

Another way to help your loved ones avoid Colorado probate in the future is to give them some of your assets now. For instance, do you have family heirlooms, artwork or other assets you want to pass on to your children? If so, giving your children these items before you pass away will effectively transfer the assets out of your ownership, meaning these assets won’t have to be probated in the future.

How to Avoid Colorado Probate: The Bottom Line

When it comes to avoiding Colorado probate, the bottom line is that:

  • The steps you take now to develop your estate plan can end up being effective at helping your loved ones avoid Colorado probate later.
  • While it may be possible for smaller estates to completely bypass Colorado probate, for larger estates, probate may still be necessary; however, the right estate planning tools can help minimize the duration, costs and complications of probate in these situations.
  • Because every estate is different – and because you have unique needs, wishes and goals, it’s best to consult with an experienced estate planning lawyer – like the Trinidad and Pueblo probate lawyers at Gradisar, Trechter, Ripperger & Roth – to find out more about your best options for developing an estate plan that can help your loved ones avoid Colorado probate later.

Trinidad and Pueblo Probate Attorneys at Gradisar, Trechter, Ripperger & Roth

Are you ready to dive into the estate planning process? Or do you need help getting through probate? If so, the Trinidad and Pueblo probate attorneys at Gradisar, Trechter, Ripperger & Roth are ready to provide you with the highest quality legal services.

Experienced and respected, our Trinidad and Pueblo estate planning and probate lawyers have been dedicated to helping our clients navigate the complexities of the legal system and to favorably resolving their important legal issues since 1972.

To learn more about our superior legal services and how we can assist you, contact us by calling (719) 556- 8844 or by emailing us using the contact form on this page.

Categories: Blog, Colorado Probate, Estate Planning