§ 15-12-101 — Devolution of estate at death; restrictions

The power of a person
to leave property by will and the rights of creditors, devisees, and heirs to his
property are subject to the restrictions and limitations contained in this code to
facilitate the prompt settlement of estates. Upon the death of a person, his real and
personal property devolves to the persons to whom it is devised by his last will or to
those indicated as substitutes for them in cases involving lapse, renunciation, or
other circumstances affecting the devolution of the testate estate or, in the
absence of testamentary disposition, to his heirs or to those indicated as
substitutes for them in cases involving renunciation or other circumstances
affecting devolution of intestate estates, subject to exempt property and family
allowances, rights of creditors, elective share of the surviving spouse, and
administration.

Legislative History

Source: L. 73: R&RE, p. 1565, � 1. C.R.S. 1963: � 153-3-101. L. 75: Entire section amended, p. 594, � 22, effective July 1.