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

Colorado Statutes

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

Colorado·Title 15 Probate,·Art. Probate of Wills and Administration

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.

Colorado § 15-12-1203 (Small estates - summary administrative procedure) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.