What You Must Know About Colorado Intestate Succession Laws
When a loved one passes away without leaving a will, it can create confusion and potential disputes. If you're in Colorado, it's important to understand how Colorado intestate succession laws determine how assets are distributed when there isn't a legal will in place. These laws are designed to ensure that your loved one's estate is handled in a fair and organized way, but navigating them can still be complicated. Here’s what you must know. What is Intestate Succession? Intestate succession is the legal process that determines how a deceased person’s property and assets are distributed when they pass away without a valid will. In Colorado, the rules of intestate succession are governed by state law, which ensures that the decedent’s estate goes to their closest relatives. However, the distribution may not align with the deceased person’s wishes if they had specific preferences for their estate. How Are Assets Distributed in Colorado? In Colorado, the distribution of as...