Category: Inherited Property

How Much Does An Estate Have To Be Worth To Go To Probate In Colorado

January 7, 2024

In Colorado, the requirement for probate varies based on the value and type of assets within an estate. As of my last knowledge update in January 2022, the threshold for small estates that may qualify for simplified probate procedures is $75,000. Here’s a breakdown of the key points: It’s important to note that laws can … Continued

Collecting and Valuing Assets: A Practical Guide for Colorado Executors

December 18, 2023

By Brian

The wind whispers through the aspens, carrying a bittersweet symphony – the echo of a loved one’s life and the daunting responsibility of settling their estate. As the executor, you stand at the foot of Inventory Everest, a seemingly insurmountable mountain of belongings, debts, and paperwork. Fear not, intrepid guide! This practical guide equips you … Continued

Why Wills and Testaments Are Your Keys to a Smooth Colorado Probate Process

December 18, 2023

By Brian

The vast plains of Colorado stretch before you, beckoning with adventure and endless possibilities. But nestled within your heart lies a seed of worry – what happens to your cherished peaks, your cozy valley home, when you reach the sunset of life? Fear not, adventurer! For just like a trusty map guides you through mountain … Continued

Selling an Inherited Home From Out of State? We Can Help.

July 18, 2023

By Brian

If you’ve inherited a home in Colorado but live out of state, the process of selling can seem daunting. At HBR Colorado, we work with distant homeowners every day to market and sell inherited properties smoothly and for top dollar. As experienced home flippers and investors with roots in Colorado Springs and Denver, we understand … Continued

Understanding the Probate Process in Colorado: Steps, Duration, Types, and Exempt Assets

June 26, 2023

By Brian

When a loved one passes away, their estate typically goes through a legal process known as probate. Probate in Colorado involves the court overseeing the distribution of assets and settling any outstanding debts of the deceased. In this article, we will explore the steps for probate in Colorado, the duration of the process, the three … Continued

Maximizing Your Inheritance: Navigating Inherited House Capital Gains Tax in Colorado

June 25, 2023

By Brian

Introduction Inheriting a property can bring many emotions, from the sadness of losing a loved one to the excitement of receiving an unexpected asset. However, it is important to remember that inheriting a property also comes with tax implications that must be understood. In Colorado, inherited properties may be subject to capital gains tax, which … Continued

Understanding the Letter of Testamentary: Importance and Requirements in Colorado

June 25, 2023

By Brian

When dealing with the probate process in Colorado, one crucial document that often comes into play is the Letter of Testamentary. This legal document serves as proof of authority granted to the executor or personal representative of an estate. In this article, we will delve into what a Letter of Testamentary is, its significance, and … Continued

Competitive Pricing Guide For Inheriting A Home In Briargate, Colorado Springs

June 23, 2023

By Brian

Inheriting a home in Briargate, Colorado Springs can be both a blessing and a responsibility. Once you’ve taken ownership of the property, one of the crucial steps is determining the right price when you decide to sell it. Properly pricing your inherited home is essential to attract potential buyers and maximize your return. Here are … Continued

How To Handle The Probate Process When Inheriting A House In Old Colorado City

June 23, 2023

By Brian

Inheriting a house in Old Colorado City, CO can be a significant event in your life. It brings with it a mix of emotions and responsibilities. Whether it’s a cherished family home or an unexpected asset, navigating the process of inheriting a house requires careful consideration and planning. Here are some important factors to keep … Continued

Selling an Inherited House Fast in Colorado Springs

May 19, 2023

By Brian

Inheriting a house can be both a blessing and a burden. While it is always nice to receive an asset, it can also be stressful figuring out what to do with the property, especially if you live far away or don’t have the means to maintain it. This is where selling the inherited house quickly … Continued