Twelve Common Misconceptions About The Colorado Probate Process

Our office routinely handles the same questions or misconceptions about the Colorado probate process. Twelve of the most common Colorado probate misconceptions are listed in this 12 part series.

Colorado probate misconception #12 (Part 12 of 12)

Colorado probate misconception #12: As executor / personal representative, you can do whatever you want whenever you want. Not so. You are not King or Queen. The executor / personal representative is a fiduciary. Being a fiduciary means having special obligations to look out for the interests of others, including the people owed money. The personal representative cannot put their individual interests ahead of other heirs and creditors. If you do, you may be asked to dig into your own wallet to correct your mistake.