Understanding Affidavits for Property Collection
An Affidavit of Collection of Personal Property, also known as a small estate affidavit, allows the collection of a decedent’s property in cases where opening a probate case is unnecessary.
An interested person can complete this affidavit, setting forth their interest in the case, the assets they wish to collect, and the intended plan for distributing those assets when accumulated.
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 collect this account.
One of the decedent’s children could fill out the affidavit, present it to the bank, collect the account, and divide it equally with their siblings.
Don’t let the complex Colorado probate process be an added burden during trying times. If you need help understanding or preparing an Affidavit of Collection of Personal Property, trust Baker Law Group, a premier Denver Probate Law Firm, to guide you seamlessly through.
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.
