Colorado Petition to Determine Distribution Rights of the Assets of a Decedent

State:
Multi-State
Control #:
US-02654BG
Format:
Word; 
Rich Text
Instant download

Description

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Understanding Probate Costs in Colorado The basic costs for probate include a filing fee with the court (between $200 ? $300 as of 2023), fees for certified copies of court documents (just over $20 per copy), and mailing costs to send copies of court documents to required parties.

The court may require that the personal representative get its approval for every transaction or may allow the personal representative to administer the estate unsupervised. 2. Will my estate have to go through probate? All wills and intestate estates must be probated.

If you die without a will in Colorado, your assets will go to your closest relatives under state "intestate succession" laws.

In Colorado, if someone passes away without a spouse, but has children, the children inherit all eligible assets. If someone passes away without children, but has a spouse, the spouse inherits all eligible assets.

Whether or not you have a will when you die, if you have $50,000 or less in personal property (includes bank accounts and cash) and no real property, your devisees or heirs may collect your assets by using an affidavit and not have to open a probate action through the court.

If you are curious about your role as PR or need to obtain Letters Testamentary, call (720) 513-2299 to set up a flat-rate* legal consult with a probate attorney. The probate court will then issue Letters of Administration if someone passes without a will or Letters Testamentary if someone passes with a will.

Own property jointly. Making your spouse or someone else a joint owner facilitates the transfer of the asset without the need for probate. Some ways to hold such assets include joint tenancy with right of survivorship, tenancy by the entirety and community property with right of survivorship.

In Colorado, if the value of the deceased person's assets is less than $75,000, their heirs may be able to avoid probate using a Small Estate Affidavit. A Small Estate Affidavit is a legal document that allows the heirs of an estate to transfer property to themselves without the need for formal probate proceedings.

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Colorado Petition to Determine Distribution Rights of the Assets of a Decedent