Delete Pages From Legal Colorado Small Estates Forms For Free

Both the informal probate process and the formal probate process take a minimum of six months to complete. The heirs, potential heirs, beneficiaries or devisees (if there is a will), debtors, creditors, and potential creditors must be notified of the death of the decedent and of the commencement of the probate action.

Following payment of all bills and liabilities and distribution of assets, the estate may be closed by filing a form with the court. The estate administration can take as little as six months and as long as several years. On average estates in Colorado are administered in 9 to 18 months.

The Colorado small estate affidavit is a two-page form with fields to be filled by the Affiant(-s) and the Notary. The form is entitled ?Collection Of Personal Property By Affidavit Pursuant To § 15-12-1201, C.R.S.? In juridical circles, it's also known as form JDF 999, as stated at the bottom of the pages.

The court may require that the personal representative get approval for every transaction or may allow the personal representative to administer the estate unsupervised. Both informal and formal probates must be open with the court for at least six months, but full administration of the estate may take much longer.

What is the threshold for a small estate affidavit in Colorado? The threshold for a small estate affidavit in Colorado is $74,000 or less in personal property as of 2022. If the decedent passes away in 2021 or 2020, the threshold is below $70,000.

To qualify for a small estate probate in Colorado, the estate must not contain any real property (i.e. land, homes, buildings, etc.) and the decedent's personal property must be less than $74,000 (As of 2022).