Understanding Affidavits for Property Collection
An Affidavit of Collection of Personal Property, also known as a small estate affidavit, allows an eligible individual to collect a decedent’s personal property without opening a formal probate case, as long as the estate qualifies as a small estate under Colorado law.
An interested person—such as an heir or beneficiary—can complete this affidavit, stating their relationship to the decedent, the assets to be collected, and the intended plan for distribution.
For example, if the decedent’s only asset was a bank account with $20,000, with no named beneficiary and no joint owner, an Affidavit of Collection of Personal Property could be used to claim the funds. A child of the decedent could complete the affidavit, present it to the bank, collect the funds, and distribute them among siblings according to the estate plan or intestate laws.
The Colorado probate process can be complex, but you don’t have to navigate it alone. If you need help understanding or preparing an Affidavit of Collection of Personal Property, trust Baker Law Group, a premier probate law firm, to guide you through the process seamlessly.
Our Colorado Probate Lawyers bring unparalleled expertise, compassion, and dedication to every case. Contact Baker Law Group today and let us help you navigate probate law with confidence and peace of mind.
