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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 #9 (Part 9 of 12)

Colorado probate misconception #9: The money was in an account owned jointly by you and the deceased. Therefore, the money is yours. Sorry. It can be, but often a jointly owned account was for convenience. Instead of owning the money, you may have fiduciary duties to others.