Probate Attorney in Northglenn, Colorado

When should you get a PR deed drafted?

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you should get a PRD drafted as soon as

possible in the probate process you

cannot get one drafted before the

probate process because it’s a deed that

has to be done in Probate but you don’t

have to wait until the end of the

probate process a lot of people think

you have to wait until the six month

deadline for probate and then you can

start transferring property and that’s

just not true a lot of times uh you know

if there’s a sale or you’ve got a buyer

on the hook and you don’t want to lose

the sale we can get that personal

Representatives D done pretty quickly

after you’re appointed and then we can

hold that money until the end of the

probate when it’s distributed just in

case there’s any creditors or anything

like that

Northglenn, CO estate planning & probate attorney Jeff Althaus discusses when and why you should you get a PR deed drafted. He explains that it is advisable to have a Personal Representatives Deed (PRD) drafted as soon as possible during the probate process. While you cannot have one prepared before the probate process begins, you don’t have to wait until the end of the process either. Many people mistakenly believe that they have to wait until the six-month deadline for probate before they can start transferring property, but that is not true. In certain situations, such as when there is a potential sale and you don’t want to lose the buyer, we can expedite the process of getting the PRD done once you are appointed as the personal representative. This allows us to secure the funds from the sale and hold them until the end of probate when distribution takes place. This precaution is taken to account for any potential creditors or other obligations that may arise.

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