Avoiding ancillary probate is easy. By putting real estate into something called a nominee trust or living trust, ancillary probate proceedings and the associated expense can be avoided. As an alternative to a living trust, a limited liability company can be created, the real estate transferred to the company and then ownership in the company can be transferred to the heirs through the primary probate proceeding…
Ancillary Probate is a probate proceeding opened in a state other than the state where the decedent is domiciled at the time of death, or where the primary probate occurs.
Colorado Deed Service is a comprehensive real estate document management resource based in Colorado that provides the following services: Deed preparation and recording in Colorado. Colorado Deed Service can assist you in all your Colorado real estate document needs. Transfers of Colorado real estate into revocable trusts. Colorado Deed Service can manage the entire process […]
Ancillary Probate Can Cause Thousands If a person dies owning real estate outside of their state of domicile, their heirs may needlessly pay thousands in ancillary probate expense. The expense of ancillary probate can be avoided by using a beneficiary deed, a trust or a company. Colorado probate is a legal process by which title […]