In Cortez, Colorado, probate is the process through which a Court decides if a will is valid or not.

As part of this procedure, the Cortez, Colorado probate court will decide the validity of the will, inventory the decedent's assets and debts, and then, lastly, distribute the estate according to the will, assuming it is deemed to be valid.

Wills often name a person as the executor of the estate. If not, the court in Cortez, Colorado will name one. This is most often the adult individual who stands to inherit the most funds or property from the will.

The executor is the individual who initiates probate proceedings. The person who stands to inherit the most from the will is usually appointed the executor, because they will have the most motivation to help the process go as quickly as possible, so they can get their inheritance.

Duties of the Executor in Cortez, Colorado

There are quite a few things that an executor is accountable for. At the outset, they are obligated to file the probate action with the appropriate court. No progress, let alone any final disposition of the estate, can be made until this happens.

Also, it's the executor's job to notify all affected parties that the person who made the will has died. "Interested parties" are generally people who are named in the will, or who would inherit the estate if the decedent had died without a will.

The executor will also have to compile and make accessible a list of all of the decedent's debts and assets, as well as a list of those who stand to inherit from the decedent.

Furthermore, the executor is obligated to take the lead in proving the validity of the will, effectively acting as the living embodiment of the decedent's estate. The executor is usually the person who will inherit the most once the will goes through probate, so they have a good reason to put in the work to do this.

How Can A Cortez, Colorado Lawyer Help?

Because of the complexities inherent in the probate process, it is a good idea to hire an experienced Cortez, Colorado probate lawyer, particularly for the executors of estates.