In the last article, we discussed how Colorado Wills can waive the Personal Representative’s requirement to obtain a bond before settling a decedent’s estate. In this article we will look at the requirement for the PR to create an inventory of estate assets. Pursu...

When a person passes away in Colorado, someone has to manage the decedent's financial affairs and if necessary, petition the courts to probate their estate. That person is called a personal representative (when the decedent dies with a valid Last Will and Testament) or an Administrator (when the decedent dies without a valid Will). ...

In the last 2 articles we discussed waiver of the Executor’s bond in properly drafted Colorado Wills. In this article we will be answering the question- what is an estate accounting? More specifically, we will look at the estate Personal Representatives’s requirement to file a final estate accounting with the probate court. By de...