2016 Colorado Revised Statutes
Title 15 - Probate, Trusts, and Fiduciaries
Colorado Probate Code
Article 12 - Probate of Wills and Administration
Part 12 - Collection of Personal Property by Affidavit and Summary Administration Procedure for Small Estates
§ 15-12-1203. Small estates - summary administrative procedure

CO Rev Stat ยง 15-12-1203 (2016) What's This?

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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