{"id":611,"date":"2021-06-09T08:56:37","date_gmt":"2021-06-09T08:56:37","guid":{"rendered":"https:\/\/epicdevsite.info\/2022-evanscase\/?p=611"},"modified":"2021-06-09T08:56:37","modified_gmt":"2021-06-09T08:56:37","slug":"how-to-avoid-probate-in-multiple-states","status":"publish","type":"post","link":"https:\/\/epicdevsite.info\/2024-EvansCase\/how-to-avoid-probate-in-multiple-states\/","title":{"rendered":"How to Avoid Probate in Multiple States"},"content":{"rendered":"<div id=\"viewer-963ar\" class=\"_2vd5k b6lcWf\">\n<div class=\"_3CWa- sxFoib sxFoib _3mymk\">\n<div class=\"_2kEVY\" tabindex=\"0\" role=\"button\" data-hook=\"imageViewer\">\n<div id=\"new-image29839\" class=\"_3WJnn _2i-Gt _2Ybje\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-850 alignright\" src=\"https:\/\/www.evanscase.com\/wp-content\/uploads\/2022\/09\/9513ac_1ad51a8336b04bf89be9ec71dd18dedd_mv2-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" \/>Probate is notoriously expensive and time-consuming. In fact, the average probate case in Colorado can last up to 24 months, according to the\u00a0<a class=\"_3Bkfb _1lsz7\" target=\"_blank\" rel=\"noopener noreferrer\" data-hook=\"linkViewer\">Denver Bar Association<\/a>. And that could just be\u00a0<em>one<\/em>\u00a0probate case you have to deal with if:<\/div>\n<\/div>\n<\/div>\n<\/div>\n<ul class=\"public-DraftStyleDefault-ul\">\n<li id=\"viewer-3jqc4\" class=\"roLFQS ULPWlI _3Kjjs public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-list-ltr fixed-tab-size public-DraftStyleDefault-reset _1FoOD _3M0Fe Z63qyL roLFQS\">\n<p class=\"_1j-51 _1FoOD _3M0Fe Z63qyL roLFQS\">A decedent owned tangible property in at least one other state (other than the state in which he or she lived).<\/p>\n<\/li>\n<li id=\"viewer-a0b3t\" class=\"roLFQS ULPWlI _3Kjjs public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-list-ltr fixed-tab-size _1FoOD _3M0Fe Z63qyL roLFQS\">\n<p class=\"_1j-51 _1FoOD _3M0Fe Z63qyL roLFQS\">Specific estate planning devices have not been put in place for the property in another state.<\/p>\n<\/li>\n<\/ul>\n<p id=\"viewer-aibf2\" class=\"mm8Nw _1j-51 roLFQS _1FoOD _3M0Fe Z63qyL roLFQS public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr\"><span class=\"_2PHJq public-DraftStyleDefault-ltr\">In these situations, the second probate case is referred to as\u00a0<em>ancillary probate<\/em>. While ancillary probate may be necessary in some cases, often, it is possible to avoid a second probate with the right estate planning ahead of time.<\/span><\/p>\n<h2 id=\"viewer-fjgng\" class=\"eSWI6 _1j-51 blog-post-title-font yQX6br L4BKN_ _1FoOD _3M0Fe Z63qyL roLFQS public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr\"><span class=\"_2PHJq public-DraftStyleDefault-ltr\"><strong>What to Expect in Ancillary Probate &amp; Why You Want to Avoid It<\/strong><\/span><\/h2>\n<p id=\"viewer-2vv0i\" class=\"mm8Nw _1j-51 roLFQS _1FoOD _3M0Fe Z63qyL roLFQS public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr\"><span class=\"_2PHJq public-DraftStyleDefault-ltr\">A second probate case in another state will be handled according to the laws of that state. For personal representatives or executors, that typically means that:<\/span><\/p>\n<ul class=\"public-DraftStyleDefault-ul\">\n<li id=\"viewer-4a7pq\" class=\"roLFQS ULPWlI _3Kjjs public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-list-ltr fixed-tab-size public-DraftStyleDefault-reset _1FoOD _3M0Fe Z63qyL roLFQS\">\n<p class=\"_1j-51 _1FoOD _3M0Fe Z63qyL roLFQS\"><strong>They have to file the paperwork to open up the ancillary probate case<\/strong>: State laws will dictate the deadlines for filing. In some cases, executors may be able to file letters of authorization from the state where the first probate case was handled in order to skip some initial steps in the ancillary case.<\/p>\n<\/li>\n<li id=\"viewer-7gtsl\" class=\"roLFQS ULPWlI _3Kjjs public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-list-ltr fixed-tab-size _1FoOD _3M0Fe Z63qyL roLFQS\">\n<p class=\"_1j-51 _1FoOD _3M0Fe Z63qyL roLFQS\"><strong>The second probate case will come with its own fees<\/strong>: This includes all-new court filing fees. If property has to be inventoried and appraised as part of the ancillary probate case, there will be costs associated with these needs as well.<\/p>\n<\/li>\n<li id=\"viewer-bihvl\" class=\"roLFQS ULPWlI _3Kjjs public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-list-ltr fixed-tab-size _1FoOD _3M0Fe Z63qyL roLFQS\">\n<p class=\"_1j-51 _1FoOD _3M0Fe Z63qyL roLFQS\"><strong>The ancillary probate case can also have its own estate taxes<\/strong>: Ultimately, this can mean that estate taxes have to be paid in each state where a probate case is opened.<\/p>\n<\/li>\n<\/ul>\n<div id=\"viewer-bvjiu\" class=\"_2vd5k b6lcWf\">\n<div class=\"_3VL_9 VgmBGL VgmBGL _3vo3y zOjvSU zOjvSU\">\n<div class=\"_2kEVY\" tabindex=\"0\" role=\"button\" data-hook=\"imageViewer\">\n<div id=\"new-image29840\" class=\"_3WJnn _2i-Gt _2Ybje\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p id=\"viewer-3lh0u\" class=\"mm8Nw _1j-51 roLFQS _1FoOD _3M0Fe Z63qyL roLFQS public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr\"><span class=\"_2PHJq public-DraftStyleDefault-ltr\">Beyond these costs, complex ancillary probate cases can also bring more creditors to deal with and other responsibilities to fulfill. Ultimately, these cases can end up being huge drains on executors, beneficiaries, and the estates at the center of these matters.<\/span><\/p>\n<h2 id=\"viewer-b0334\" class=\"eSWI6 _1j-51 blog-post-title-font yQX6br L4BKN_ _1FoOD _3M0Fe Z63qyL roLFQS public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr\"><span class=\"_2PHJq public-DraftStyleDefault-ltr\"><strong>How to Avoid Ancillary Probate<\/strong><\/span><\/h2>\n<p id=\"viewer-fec8h\" class=\"mm8Nw _1j-51 roLFQS _1FoOD _3M0Fe Z63qyL roLFQS public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr\"><span class=\"_2PHJq public-DraftStyleDefault-ltr\">A little planning before a death can go a long way towards minimizing probate obligations and, in many situations, helping loved ones avoid probate altogether. For those who do own tangible property in more than one state, some options for avoiding ancillary probate can include (and may not be limited to):<\/span><\/p>\n<ul class=\"public-DraftStyleDefault-ul\">\n<li id=\"viewer-63nbv\" class=\"roLFQS ULPWlI _3Kjjs public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-list-ltr fixed-tab-size public-DraftStyleDefault-reset _1FoOD _3M0Fe Z63qyL roLFQS\">\n<p class=\"_1j-51 _1FoOD _3M0Fe Z63qyL roLFQS\"><strong>Setting up trusts<\/strong>: Assets held by trusts can bypass probate and be distributed to your chosen beneficiaries according to your wishes. When a trust is set up, assets in other states will need to be transferred into the ownership of the trust in order for this option to be effective.<\/p>\n<\/li>\n<li id=\"viewer-832q\" class=\"roLFQS ULPWlI _3Kjjs public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-list-ltr fixed-tab-size _1FoOD _3M0Fe Z63qyL roLFQS\">\n<p class=\"_1j-51 _1FoOD _3M0Fe Z63qyL roLFQS\"><strong>Completing \u201ctransfer upon death\u201d (TOD) designations<\/strong>: Also referred to as pay on death (POD) designations, TODs will automatically transfer property to a chosen beneficiary upon your passing. That means assets with TOD and POD designations won\u2019t be part of a probate estate (if probate is opened). Bank account holdings and vehicles are just a few types of assets that can bypass probate with a beneficiary designated for the POD or TOD.<\/p>\n<\/li>\n<li id=\"viewer-l9dm\" class=\"roLFQS ULPWlI _3Kjjs public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-list-ltr fixed-tab-size _1FoOD _3M0Fe Z63qyL roLFQS\">\n<p class=\"_1j-51 _1FoOD _3M0Fe Z63qyL roLFQS\"><strong>Jointly owning property<\/strong>: When property is jointly owned and one of the owners passes away, that property will automatically be transferred to the other party, who will become the sole owner. Jointly owned property won\u2019t go through probate when at least one owner is still alive.<\/p>\n<\/li>\n<\/ul>\n<div id=\"viewer-5u69s\" class=\"_2vd5k b6lcWf\">\n<div class=\"_3CWa- sxFoib sxFoib _3mymk\">\n<div class=\"_2kEVY\" tabindex=\"0\" role=\"button\" data-hook=\"imageViewer\">\n<div id=\"new-image29841\" class=\"_3WJnn _2i-Gt _2Ybje\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p id=\"viewer-35oek\" class=\"mm8Nw _1j-51 roLFQS _1FoOD _3M0Fe Z63qyL roLFQS public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr\"><span class=\"_2PHJq public-DraftStyleDefault-ltr\">The best options for probate avoidance\u2014in one or several states\u2014will depend on your circumstances, needs, and objectives.<\/span><\/p>\n<h2 id=\"viewer-75u9o\" class=\"eSWI6 _1j-51 blog-post-title-font yQX6br L4BKN_ _1FoOD _3M0Fe Z63qyL roLFQS public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr\"><span class=\"_2PHJq public-DraftStyleDefault-ltr\"><strong>How Can I Find Out More About Probate Avoidance &amp; Estate Planning?<\/strong><\/span><\/h2>\n<p id=\"viewer-9teld\" class=\"mm8Nw _1j-51 roLFQS _1FoOD _3M0Fe Z63qyL roLFQS public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr\"><span class=\"_2PHJq public-DraftStyleDefault-ltr\">Contact a\u00a0<a class=\"_3Bkfb _1lsz7\" target=\"_blank\" rel=\"noopener noreferrer\" data-hook=\"linkViewer\">Denver probate lawyer<\/a>\u00a0at Evans Case, LLP. With more than a century of combined experience, our team is highly skilled at guiding clients through every phase of estate planning and probate, from drafting wills and trusts to initiating and resolving probate cases.<\/span><\/p>\n<p id=\"viewer-4ol95\" class=\"mm8Nw _1j-51 roLFQS _1FoOD _3M0Fe Z63qyL roLFQS public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr\"><span class=\"_2PHJq public-DraftStyleDefault-ltr\"><strong>Call (303) 757-8300 or contact us online for a free 30-minute consultation and important answers about Colorado probate and estate planning.<\/strong><\/span><\/p>\n<p id=\"viewer-8q89h\" class=\"mm8Nw _1j-51 roLFQS _1FoOD _3M0Fe Z63qyL roLFQS public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr\"><span class=\"_2PHJq public-DraftStyleDefault-ltr\">As a full-service Denver estate planning and probate law firm, Evans Case is home to trusted attorneys who have deep knowledge of the law and the most effective strategies for helping our clients achieve their goals. Let us tell you more about how we can help you in a no-cost, no-obligation consultation.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Probate is notoriously expensive and time-consuming. In fact, the average probate case in Colorado can last up to 24 months, according to...<\/p>\n","protected":false},"author":1,"featured_media":612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-probate"],"_links":{"self":[{"href":"https:\/\/epicdevsite.info\/2024-EvansCase\/wp-json\/wp\/v2\/posts\/611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/epicdevsite.info\/2024-EvansCase\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/epicdevsite.info\/2024-EvansCase\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/epicdevsite.info\/2024-EvansCase\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/epicdevsite.info\/2024-EvansCase\/wp-json\/wp\/v2\/comments?post=611"}],"version-history":[{"count":0,"href":"https:\/\/epicdevsite.info\/2024-EvansCase\/wp-json\/wp\/v2\/posts\/611\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/epicdevsite.info\/2024-EvansCase\/wp-json\/wp\/v2\/media\/612"}],"wp:attachment":[{"href":"https:\/\/epicdevsite.info\/2024-EvansCase\/wp-json\/wp\/v2\/media?parent=611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/epicdevsite.info\/2024-EvansCase\/wp-json\/wp\/v2\/categories?post=611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/epicdevsite.info\/2024-EvansCase\/wp-json\/wp\/v2\/tags?post=611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}