Once the property has been sold and the sale is finalized, the focus shifts to the distribution of the proceeds. This step is crucial in the probate process, as it involves allocating funds according to the decedent’s will or, if no will exists, in line with Colorado state law.
Settling Debts and Expenses
Before distributing assets to heirs and beneficiaries, the personal representative (PR) must ensure all outstanding debts and estate expenses are paid. This includes:
The PR must also address any claims against the estate, which can complicate the distribution process.
How We Help at Colorado Estate Services
At Colorado Estate Services, we understand that distributing estate proceeds requires meticulous attention to detail. Mistakes can lead to disputes or legal challenges, so we offer comprehensive support to PRs, including:
If you have any questions regarding the probate process, we’re here to help. Visit our Contact Us page for our emails and phone numbers.