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.
It would best benefit you to contact a Probate Lawyer Colorado Springs residents turn to when needing help with their probate matter. The Colorado Springs Probate attorneys at Baker Law Group have years of experience serving their clients.
