Probate and Estate Administration

Probate is the judicial process by which a decedent’s assets are transferred to the decedent’s devisees or heirs. Probate in Colorado is relatively inexpensive and efficient compared with most other states. For example, some states, such as California and Florida, allow attorneys to charge a percentage of the estate as a minimum fee. As a result, a $1,000,000 estate in Florida might end up costing $30,000 or more in legal fees. In contrast, unless special circumstances exist, the legal fees for the same size estate in Colorado should cost somewhere between $3,500 and $5,000. Although probate is a well-known term, the probate process is a mysterious concept to many people. The purpose of this article is to provide a general outline of several different types of Colorado probate proceedings.

Mallgren & Ferrell, P.C. can assist you with all of your probate matters, including Informal Probate, Formal Probate, Estate Administration, Property Dispositions, Testamentary Trust Funding and Trust Administration.