Probate is not an inherently bad process. In fact, for individuals who pass away with incomplete or vague estate plans, probate can help sort out testamentary issues related to the distribution of their assets. However, many Colorado residents wish to avoid having their estates be probated. This is because probate can be costly and can tie up estates for months as problems are slowly worked through.
Probate is a legal process that everyone has heard of but few people actually understand. Colorado residents may know that it has something to do with a person's death and how that person's money and property are distributed among the person's heirs. These basic facts are generally true, but there is a lot more to probate that people should know, so they can make good choices about how to prepare their estate to avoid it.
No, it's not what you think...the best thing to come out of Colorado has nothing to do with Coors beer, marijuana, or the Rocky Mountains. For those of you in the know, the best thing to come out of Colorado is clearly "Mike the Headless Chicken," also known as "Miracle Mike," a chicken forever immortalized in the song, "Headless Mike."