Estate Administration in Colorado
Receive Counsel from a Boulder Estate Planning Attorney
When a loved one passes away, it can create a great deal of pain. Being named the personal representative of their estate can compound an already difficult time. As a personal representative, you are given an enormous responsibility and our firm understands that this is not always easy.
A Boulder estate planning lawyer from Flatiron Legal Advisors, LLC, can assist you with our estate administration services. We treat each case with professionalism, giving you the peace of mind that you deserve. In such a trying time, let us be the mediator you need.
The Duties of a Personal Representative
Prior to your loved one's passing, they may have named you as their personal representative in their will. Essentially, this means that you will be acting on their behalf regarding their assets and estate. One of the most difficult parts of acting as personal representative is the need to act impartially, which is why having an outside party can be beneficial.
Your duties may include:
- Taking inventory of the estate and its assets
- Paying the estate's debts and taxes
- Distributing allotted assets to any heirs or beneficiaries
It is necessary to follow the exact terms as laid out in your loved one's will, or you could be held responsible for any failures to do so.
Let Our firm Provide Assistance
In Colorado, you must tend to both probate and non-probate assets of an estate. Non-probate assets include things like jointly owned property and assets, retirement plans or life insurance with designated beneficiaries, and any assets kept in a trust. Distributing such assets takes finesse and an estate planning attorney in Boulder County from our firm can provide the guidance you need.
Don't wait until you're in over your head, call our firm today and arrange your free consultation.