Access to Justice for Colorado Consumers
LegalConsumer.com has been providing free tools and legal information to Colorado consumers since 2006.
LegalConsumer.com has been providing free tools and legal information to Colorado consumers since 2006.
In Colorado, there's an Affidavit procedure for estates that are less than $70,000. This limit only applies to assets that would otherwise pass through probate, so excludes all joint tenancy property and all assets that pass by beneficiary designation, like life insurance and payable on death accounts. There is a ten-day waiting period.
You can get the forms required here.
Colo. Rev. Stat. Ann. 15-12-1201
There's also a summary probate procedure for estates whose value is less than the value of personal property held by the decedent as trustee (so living trust assets don't count), exempt property allowance, family allowance, costs of administration, funeral expenses, and medical expenses for last illness.
Colo. Rev. Stat. Ann. 15-12-1203
Colorado, like most states, does not impose an estate or inheritance tax. Only a few states do.
No. Colo. Rev. Stat. § 13-54-107
Real property, mobile home, manufactured home, or house trailer you occupy to $250,000; $350,000 if owner, spouse, or dependent is disabled or age 60 or older; sale proceeds exempt 2 years after received (husband & wife may double)
Motor vehicles or bicycles used for work to $12,000; to $25,000 if used by a debtor or by a dependent who is disabled or age 60 or older
In Colorado, you can receive unemployment benefits for a maximum of 26 weeks under state law.
The minimum wage in Colorado is $14.42 an hour. Because this is higher than the federal minimum wage of $7.25, employees in Colorado must be paid at least $14.42 an hour.
The minimum wage in El Paso County is $14.42 an hour, the state minimum wage. To find out if El Paso County has passed its own minimum wage law, visit https://www.elpasoco.com/.
The minimum wage in Colorado Springs, Colorado, is $14.42 an hour, the state minimum wage. However, cities in Colorado are free to adopt their own higher minimum wage, and dozens of cities across the country have done so. To find out whether Colorado Springs has passed its own minimum wage law since we last updated, visit the city's website at https://coloradosprings.gov/.
In Colorado, your employer may pay you a minimum wage of $11.40 an hour, as long as you earn enough in tips to bring your total hourly pay up to the full minimum wage, $14.42 an hour. If you don’t earn enough in tips to bring your compensation to the full minimum wage, your employer must make up the difference.