This form is used to collect personal property in a small estate wherever that property is located, less liens and encumbrances, does not exceed, for year of death (Y.O.D.) 2023 is $80,000; 2022 is $74,000; 2021 and 2020 is $70,000; 2019 is $68,000; and 2018 and 2017 is $66,000; and there is no real estate. This is an official state court form.
Centennial Colorado Collection Of Small Estate Personal Property By Affidavit Pursuant To 15-12-1201, C.R.S. is a legal process that allows small estates in Centennial, Colorado, to be settled without going through a formal probate procedure. This option is available when the total value of the decedent's assets, excluding real estate, does not exceed $70,000. Under this collection method, a person entitled to the decedent's personal property can petition the court to release these assets by submitting an affidavit. This affidavit must conform to the requirements set forth in Colorado Revised Statutes Section 15-12-1201. The Centennial Colorado Collection Of Small Estate Personal Property By Affidavit Pursuant To 15-12-1201, C.R.S. provides a streamlined and cost-effective alternative to traditional probate proceedings. It offers a simplified method for transferring ownership of assets belonging to the deceased to their rightful heirs or beneficiaries. To qualify for this collection method, the value of the decedent's personal property, such as bank accounts, investments, personal belongings, and other assets, must not exceed $70,000. It is important to note that this value excludes any real estate owned by the deceased. By utilizing this affidavit process, individuals can save time and money often associated with the formal probate process. It eliminates the need for court hearings and lengthy legal proceedings, allowing for a more efficient distribution of the estate. It is crucial to adhere to the specific requirements stated in the Colorado Revised Statutes Section 15-12-1201 to ensure the validity and effectiveness of the affidavit. Hiring an experienced attorney who specializes in estate planning and probate law can help navigate the process and ensure compliance with the statute. In summary, the Centennial Colorado Collection Of Small Estate Personal Property By Affidavit Pursuant To 15-12-1201, C.R.S. allows for the swift and simplified transfer of small estates in Centennial, Colorado, without going through traditional probate procedures. It provides an option for individuals to efficiently settle the decedent's estate, ensuring that the rightful heirs or beneficiaries receive their entitled assets promptly.
Centennial Colorado Collection Of Small Estate Personal Property By Affidavit Pursuant To 15-12-1201, C.R.S. is a legal process that allows small estates in Centennial, Colorado, to be settled without going through a formal probate procedure. This option is available when the total value of the decedent's assets, excluding real estate, does not exceed $70,000. Under this collection method, a person entitled to the decedent's personal property can petition the court to release these assets by submitting an affidavit. This affidavit must conform to the requirements set forth in Colorado Revised Statutes Section 15-12-1201. The Centennial Colorado Collection Of Small Estate Personal Property By Affidavit Pursuant To 15-12-1201, C.R.S. provides a streamlined and cost-effective alternative to traditional probate proceedings. It offers a simplified method for transferring ownership of assets belonging to the deceased to their rightful heirs or beneficiaries. To qualify for this collection method, the value of the decedent's personal property, such as bank accounts, investments, personal belongings, and other assets, must not exceed $70,000. It is important to note that this value excludes any real estate owned by the deceased. By utilizing this affidavit process, individuals can save time and money often associated with the formal probate process. It eliminates the need for court hearings and lengthy legal proceedings, allowing for a more efficient distribution of the estate. It is crucial to adhere to the specific requirements stated in the Colorado Revised Statutes Section 15-12-1201 to ensure the validity and effectiveness of the affidavit. Hiring an experienced attorney who specializes in estate planning and probate law can help navigate the process and ensure compliance with the statute. In summary, the Centennial Colorado Collection Of Small Estate Personal Property By Affidavit Pursuant To 15-12-1201, C.R.S. allows for the swift and simplified transfer of small estates in Centennial, Colorado, without going through traditional probate procedures. It provides an option for individuals to efficiently settle the decedent's estate, ensuring that the rightful heirs or beneficiaries receive their entitled assets promptly.