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Colorado Informal Appointment of Successor Personal Representative

Colorado Informal Appointment of Successor Personal Representative

Name: Colorado Informal Appointment of Successor Personal Representative
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.84 (319 reviews)

Category:

Colorado Probate - Statewide - Appointments

State:

Colorado

Control #:

CO-JDF-952

Format:

Instant download

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Public form

Description

This is an official form from the Colorado State Judicial Branch, which complies with all applicable laws and statutes. USLF amends and updates the forms as is required by Colorado statutes and law.

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FAQ

A personal representative is appointed by a judge to oversee the administration of a probate estate.When a personal representative is nominated to the position in a will, he's commonly called the executor of the estate.

A personal representative usually is named in a will. However, courts sometimes appoint a personal representative. Usually, whether or not the deceased left a will, the probate court will issue a finding of fact that a will has or has not been filed and a personal representative or administrator has been appointed.

Generally speaking, a Personal Representative is responsible for opening the estate, collecting the assets of the estate, protecting the estate property, preparing an inventory of the property, paying various estate expenses, valid claims (including debts and taxes) against the estate, representing the estate in claims

This will most likely be your spouse or a close relative, but not necessarily the person in your life who is best suited to the task. When handling finances and personal affairs, you would like your personal representative to be someone close to you and honest, whom you can trust.

Uncontested estates (informal). The informal process is generally allowed when there is a valid will or clear intestacy, no contests are expected, and there is a qualified personal representative ready to be appointed.

Determine Your Priority for Appointment. Receive Written Waivers From Other Candidates. Contact Court in the County Where Deceased Resided. File the Petition for Administration. Attend the Probate Hearing. Secure a Probate Bond.

To be appointed executor or personal representative, file a petition at the probate court in the county where your loved one was living before they died. In the absence of a will, heirs must petition the court to be appointed administrator of the estate.

The minimum time for formal and informal probate is six months by law. However, it can take much longer for an estate to be ready for distribution, depending on the size, complexity and any issues that may arise.

Colorado Informal Appointment of Successor Personal Representative

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