Colorado § 15-12-1203 Small estates - summary administrative procedure

Colorado Statutes

§ 15-12-1203 — Small estates - summary administrative procedure

Colorado § 15-12-1203

Title 15Probate,

Art.Probate of Wills and Administration

This text of Colorado § 15-12-1203 (Small estates - summary administrative procedure) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 15-12-1203 (2026).

Text

If it
appears from the inventory and appraisal that the value of the entire estate, less
liens and encumbrances, does not exceed the value of personal property held by or
in the possession of the decedent as fiduciary or trustee, exempt property
allowance, family allowance, costs and expenses of administration, reasonable
funeral expenses, and reasonable and necessary medical and hospital expenses of
the last illness of the decedent, the personal representative, without giving notice
to creditors, may immediately disburse and distribute the estate to the persons
entitled thereto and file a closing statement as provided in section 15-12-1204.

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If it
appears from the inventory and appraisal that the value of the entire estate, less
liens and encumbrances, does not exceed the value of personal property held by or
in the possession of the decedent as fiduciary or trustee, exempt property
allowance, family allowance, costs and expenses of administration, reasonable
funeral expenses, and reasonable and necessary medical and hospital expenses of
the last illness of the decedent, the personal representative, without giving notice
to creditors, may immediately disburse and distribute the estate to the persons
entitled thereto and file a closing statement as provided in section 15-12-1204.