Legal Question in Wills and Trusts in Colorado
Small Estate
There is very little property, do we have to go through probate?
Asked on 1/17/05, 2:03 pm
1 Answer from Attorneys
Jon Kelly
Jon Lewis Kelly Attorney At Law PC
Small estate proceedings
Not necessarily. If the probate assets of the estate do not exceed $50,000, less liens and encumbrances, the estate may be administered by an affidavit without going to court. However, this doesn��t work when an interest in real estate is involved. Under some circumstances, very small probate estates can be closed right away without giving notice to creditors.
Answered on 12/31/69, 7:00 pm