When a loved one dies, probate can bring extra stress during an already challenging time. Many families face roadblocks during this process. Let’s look at the most frequent issues and how to deal with them.
What is probate and why does it matter?
Probate lets the court check if a will is genuine and helps split up assets after someone dies. In Colorado, this process runs through the El Paso County Probate Court. Most cases take six months to a year to finish. Here are some common problems that can slow down probate
Family fights about the will
Sometimes, family members say someone forced the deceased to change their will. Others might claim their loved one wasn’t thinking clearly when they wrote it. These fights can stop probate dead in its tracks.
Hard-to-find assets
Some assets, like business shares or digital money, can be tough to track down. Getting the right value for houses and land in Colorado Springs also takes extra work.
People who want money from the estate
In Colorado, people have one year after someone dies to ask for money from the estate. This includes banks, credit card companies and other groups that say they’re owed money.
Tax headaches
Big estates might face federal tax issues. Plus, someone must file tax returns for the person who died and their estate.
Problems with estate managers
Estate managers (also called personal representatives) sometimes make mistakes or poor choices. When this happens, other family members often need help to fix things.
These warning signs often show up early in the probate process:
- Money starts disappearing from accounts.
- Family members stop talking to each other.
- Papers and records go missing.
- Bills pile up without payment.
- The estate manager won’t share information.
Each of these signs needs quick action to prevent more significant troubles.
If you spot any of these issues during probate in Colorado Springs, talk to a probate lawyer immediately. The right legal help early on can save you time, money and stress later.