Small estates, according to Colorado law, are estates that are not exclusive to real estate assets and that are valued at less than $64,000. Contact us to get details on what can be included in the $64,000 worth of assets.
When estates qualify as being “small” in the eyes of the law, the assets held by that estate can generally be transferred to the beneficiaries via a small estate affidavit. In other words, a complicated probate process will not typically be necessary to settle small estates in Colorado.
Understanding this can be important to making the right plans now to minimize your loved one’s future costs and stresses especially if you want to help them avoid probate altogether. Speak with our Denver estate planning lawyer for more information with a free consultation.
If your estate’s holdings are valued at more than $64,000, there are some things you can do to see if your estate qualifies as “small,” including (but not limited to):
Given that the best options for reducing the value of your estate will depend on the details of your situation and financial holdings, it’s important to consult an experienced lawyer to find out your best options for limiting your loved ones’ future probate obligations.
For experienced help developing or administering an estate plan – or for exceptional representation in Colorado probate, you can turn to the Denver probate attorney at Phillips & Blow, PC. We provide a thoughtful, comprehensive approach to our clients’ estate planning, elder law and other legal needs, and we take pride in helping each of our clients and their families find the best solutions for them.
We can discuss your Denver estate planning needs and different options during our consultation. To schedule this meeting, call us at (303) 713-9147 or email us using the contact form at the top of this page.
From our offices in Denver, we serve clients throughout the southwest and southeast Metro Area, including (but not limited to) people in Highlands Ranch, Littleton, Castle Rock, Parker, Aurora, Greenwood Village, Englewood, Centennial, Wheat Ridge, Golden and Arvada.