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Commonly Asked Questions about Colorado Estate Administration Forms

After the beneficiaries have received their bequests, you can close the estate. Its important to note, however, that with informal probate and formal probate, the estate has to be open for at least six months, ing to Colorado law. This law was put into place to allow creditors to make a claim against the estate.
There are deadlines: Probate forms must be filed within 10 days of the death, regardless of whether a formal or informal probate case will follow.
If youre probating a high-value estate, youll need expert legal advice. Colorado doesnt have an estate tax (or an inheritance tax), so theres nothing to worry about there. But if the estate is worth more than $11.4 million for singles or $22.8 million for couples, federal estate taxes kick in.
All wills and intestate estates must be probated. The probate process has been greatly simplified by the Uniform Probate Code, and more than 90% of probates in Colorado are not court supervised.
Generally, in Colorado, you have up to three years to file probate after death, but its best to start sooner.
If you are curious about your role as PR or need to obtain Letters Testamentary, call 720-547-2319 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.
If you dont file probate, your loved ones assets could be left in limbo. To prevent this, its important to start probate immediately after the decedents death. When you dont file probate on time, the court may assign an administrator who may not be your choice, or you could run out of time and be unable to do so.