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Instructions For Closing A Small Estate Informally - Colorado 2025

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The document provides instructions for informally closing a small estate in Colorado, outlining the necessary steps, forms, and general information regarding the process. It emphasizes that the Personal Representative must ensure all claims and expenses are settled before filing to close the estate, which can occur six months after appointment or one year from the decedent's death. The document also clarifies that closing an estate informally does not require court approval and includes details on fees and required forms.

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How do I close a small estate in Colorado?

Take your completed JDF 965 Statement of Personal Representative Closing Administration to the clerk at the courthouse. Give the form to the clerk to file the paperwork. You do not need to file JDF 942 Interim/Final Accounting with the court. There is no filing fee.

Does a small estate affidavit need to be filed with the court in Colorado?

Overview of Small Estate Affidavits in Colorado Eligible estates must meet specific criteria, including having a total value under $66,000, excluding certain property types such as real estate. The process involves submitting an affidavit to the court, which details the decedents assets and liabilities.

How do you close an informal estate in Colorado?

Close an Estate Informally You can file your paperwork to close the estate informally 6 months after the date that the court named you as the Personal Representative, or one year after the decedent died, whichever date happens first.

How to do an informal probate?

Steps in the Informal Probate Process Filing a Simplified Petition. Appointment of a Personal Representative. Notification of Heirs and Creditors. Inventory and Appraisal of the Estate. Payment of Debts and Taxes. Distribution of the Remaining Assets.

What is the small estate affidavit process in Colorado?

A small estate affidavit is a legal document in Colorado that simplifies the probate process for smaller estates. Its used to legally transfer assets of an estate valued at $70,000 or less, bypassing complicated probate court proceedings.

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How do you settle a simple estate?

Steps to Estate Settlement Determine Whether There Is a Will. Ideally, the deceased left a will, though its location isnt always obvious. Open the Estate. Deliver and Publish Notices. File an Inventory and Appraisal. Pay Estate Expenses. Transfer Property to Beneficiaries.

Can I open an estate bank account with a small estate affidavit?

If youre looking for a simple way to get a deceased persons property and you qualify to use a small estate affidavit, you should use it. The process is quick and relatively painless. For example, using a small estate affidavit for a bank account can be as simple as filling out a form and giving it to the bank.

What is a small estate in Colorado?

⌦ Small Estate: Estate with a value, less liens and encumbrances, that is not more than $60,000.00 ⌦ Testate: Estate in which the Decedent left a Will. If you do not understand this information, please contact an attorney. FEES. No filing fee is required.

Instructions For Closing A Small Estate Informally - Colorado 2025

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