Unless a contrary intent is indicated by the will, the amount of a noncontingent indebtedness of a successor to the estate if due, or its present value if not due, shall be offset against the successor’s interest; but the successor has the benefit of any defense which would be available to him in a direct proceeding for recovery of the debt.
C.R.S. § 15-12-903
Right of retainer
Known as the Colorado Uniform Estate Tax Apportionment Act
The act spans §§ 15-12-1001 to 15-12-916 (155 sections).
Digitized from: Public.Law — Colorado Revised Statutes. Reproduced from public-domain Colorado statutes; confirm against the official source for the current text. Not legal advice.