Legal Question in Wills and Trusts in Colorado
Property That is Not In the Living Trust
What if there was property that was not put into the living
trust?
Asked on 1/17/05, 2:08 pm
1 Answer from Attorneys
Jon Kelly
Jon Lewis Kelly Attorney At Law PC
Determine if a probate is also necessary
Provided that the probate property that was not held in trust at the time of death is not real estate and does not
exceed $50,000 in value, there is no need to open a probate proceeding. However, if the living trust was not funded and there is a significant amount of property outside the trust, it may be necessary to manage and coordinate both a probate
proceeding and a trust administration at the same time.
Answered on 12/31/69, 7:00 pm
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