Take in everything around you at home— your house, family heirlooms, and all of your other belongings. If you were to die suddenly, who would those possessions go to? It is wise to have a will in place to control how your assets are distributed after you pass away. Without a will, Colorado’s intestate succession laws will dictate how your hard-earned assets will pass on upon your death, which can have undesirable effects.
Colorado Intestate Succession Laws
Under Colorado’s intestate succession laws, your assets will go to your closest relatives if you pass away without a will. Here’s a breakdown of those laws:
If you are survived by:
Here’s what happens:
If you have absolutely no relatives to claim your estate, your property will go to the state.
Denver Estate Planning Attorneys
Dying intestate (without a will) can result in a number of consequences for yourself and loved ones. The results may not follow your personal desires for your estate. The most obvious drawback is that you do not control who gets your property. Another is a more formal probate process, which often leads to additional stress and expenses for your family. It’s time to create a comprehensive estate plan that lets you decide exactly how you want your assets to be distributed.
Give the estate planning attorneys at Law Office of Alexandra White, PC a call at (303) 647-4245 to get started with your estate plan.