Q: Father in law failed to execute estate, colorado closed it. What happens to money in savings account from deceased?
My father in law was the executor of his late Father's estate. He failed to finish out the probate, but there was a substantial amount of money left in a saving's account. How does he access this money to actually do what the will asked him to do?
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A: Next of Kin of deceased Father need to either file for probate administration without a will, or try to use a recorded Affidavit of Heirship to try to convince Bank to let go of funds. Otherwise the Bank keeps the money and you will never be able to claim Unclaimed Property from State. If you file probate, try to venue shop for the easiest Court to deal with if no creditors object.
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