Estate Personal Representative Attorneys in Broomfield
Offering Personalized Support and Guidance
Fulfilling the final wishes of a loved one should be your focus as a personal representative. If you find yourself dealing with disputes or struggling to navigate the process, turn to Jorgensen, Brownell & Pepin, P.C. Our personal representative of estate lawyers in Broomfield will guide you during this trying time, offering our support and legal expertise every step of the way.
What’s the Role of an Executor?
The personal representative is responsible for ensuring the wishes of the loved one are fulfilled. They provide support in many ways, including:
- Seeing to ongoing legal matters or business needs
- Ensuring financial aspects are handled, like paying taxes or debts
- Getting in touch with relevant parties, whether that be government entities, heirs, or beneficiaries
- Distributing assets in accordance with the will and applicable laws
While an important designation considered by many to be an honor, it can still feel daunting. You can confidently work through the process with our Broomfield personal representative of estate lawyers.
Assistance Every Step of the Way
When you turn to Jorgensen, Brownell & Pepin, P.C., you get the compassionate, comprehensive support you need, including:
- Legal guidance
- Document preparation
- Dispute resolution
Our team can advise beneficiaries and representatives of their obligations, rights, and duties under Colorado and Broomfield law. With our guidance, you can seamlessly navigate everything from court filings and asset distribution to drafting your own trust or will.
Frequently Asked Questions
How is a personal representative appointed?
A personal representative is usually named in the deceased’s will; however, this nomination must be confirmed by the court before any action can be taken regarding assets or debts. If no will exists, or the named individual is unable or unwilling to serve, the court will appoint someone. Our attorneys can assist in the appointment process, ensuring it aligns with legal requirements and the estate's needs.
What happens if the deceased person has debt?
In such cases, many family members are concerned that the debt burden will fall on them. Unless a family member co-signed on the debt, the surviving family is not responsible for the deceased person's debt. The decedent’s debt(s) stay their debt(s). However, creditors must navigate certain statutorily-required steps to possibly be considered for and entitled to payment, including the presentation of a claim to the Personal Representative or file the same with the court. Note, a bill received in the mail does not satisfy the claim presentation requirement. Further, potential creditors must act within certain statutorily-prescribed time limits in order to be considered for possible payment.
Creditors may begin calling soon after death. Don’t simply agree to pay them. Creditors must satisfy the statutory criteria entitling them to payment before such should be made. Moreover, paying one creditor before others could be deemed as showing preference and violate your fiduciary duties as personal representative. Furthermore, creditors otherwise entitled to payment are nevertheless very commonly willing to accept substantially less than the face value of the debt in satisfaction of the same. Thus, we always advise waiting until expiration of the applicable creditor claims period, as well as inventorying the assets and expected expenses of the estate, before evaluating any claims for possible payment, disallowance, or negotiation for satisfaction of the debt for less than what was alleged to be owed.
Can I be held personally liable as a personal representative?
Yes, if you mishandle estate assets, fail to fulfill your duties, or engage in misconduct. However, if you act in good faith, follow proper procedures, and seek professional advice, you can minimize the risk of personal liability. It's essential to keep accurate records, communicate transparently with beneficiaries, and speak to our experienced legal team throughout the course of administration of the estate.
What if there are disagreements among beneficiaries?
Disagreements among beneficiaries can arise during estate administration, particularly regarding the will's validity and/or distribution of the estate among the heirs or devisees. As a personal representative, your role is to remain impartial and work to resolve disputes fairly and transparently. You should seek legal counsel to navigate disputes, and litigation, if necessary, ensuring the interests of all parties are addressed while fulfilling your fiduciary duty and insulating you from personal liability.
How long does the estate administration process typically take?
In general, the process can take anywhere from six months to several years to complete. Timelines can vary depending on factors such as the complexity of the estate, the presence of disputes or legal challenges, and the probate laws.
Jorgensen, Brownell & Pepin, P.C. Is Here for You
Whether you are handling disagreements among beneficiaries, struggling to carry out your loved one’s final wishes, or simply wish to have a seamless experience while fulfilling your fiduciary duties, we can help. We’ve guided countless personal representatives through the process and are here to assist you in any way possible.
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