The Applicant, an Interested Person Pursuant to 15 10 20127, C Form
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People also ask
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Who is an interested person in probate in Colorado?
(27) “Interested person” includes heirs, devisees, children, spouses, creditors, beneficiaries, trust directors, and any others having a property right in or claim against a trust estate or the estate of a decedent, ward, or protected person, which may be affected by the proceeding.
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How to avoid probate in Colorado?
For these reasons, many people seek strategies to avoid probate. In Colorado, there are several legal methods available that can help you bypass the probate process, including creating a living trust, owning property jointly, designating beneficiaries and filing a small estate affidavit.
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What is an interested person?
Interested person. Includes any trustee , heir, devisee , child, spouse, creditor, beneficiary , person holding a power of appointment and other person who has a property right in or claim against a trust estate or the estate of a decedent , ward or protected person.
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Do you need a lawyer to probate a will in Colorado?
If you're probating a high-value estate, you'll need expert legal advice. Colorado doesn't have an estate tax (or an inheritance tax), so there's nothing to worry about there. But if the estate is worth more than $11.4 million for singles or $22.8 million for couples, federal estate taxes kick in.
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Who can be a personal representative in Colorado?
The personal representative (often referred to as “PR”) is often identified in the deceased's will; if the deceased passed without a will (the legal term is “intestate”), state law provides a process for naming a personal representative (typically one of the beneficiaries of the estate) who will serve in that capacity ...
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What is the informal probate statute in Colorado?
Informal probate of a will which has been previously probated elsewhere may be granted at any time upon written application by any interested person, together with deposit of an authenticated copy of the will and of the statement probating it from the office or court where it was first probated.
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