The Colorado Department of Revenue has released the cost of living adjustment (COLA) figures for 2014 for probate matters. The cost of living adjustments are required by C.R.S. § 15-10-112. Trust and estate practitioners should be aware of the new figures, which affect decedents’ estates, elective shares, exempt property under C.R.S. § 15-11-403, lump sum distributions of family allowances, and collection of personal property by affidavit.