Colorado § 15-1-1001 Legislative declaration

Colorado Statutes

§ 15-1-1001 — Legislative declaration

Colorado § 15-1-1001

Title 15Probate,

Art.Fiduciary

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Bluebook

Colo. Rev. Stat. § 15-1-1001 (2026).

Text

It is the purpose of this part 10 to
preserve the intent of testators and grantors of testamentary and inter vivos trusts
created prior to and after June 2, 1971, for charitable, educational, religious, and
benevolent purposes, by minimizing the imposition of federal income and excise
taxes, and federal estate and gift taxes, imposed upon the assets of such trusts,
and thereby preserving the maximum amount of the trust assets for the charitable,
educational, religious, and benevolent purposes for which they were intended. The
attorney general of this state shall perform such acts as, in his or her opinion, will
result in the effectuation of this declaration of purpose.

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It is the purpose of this part 10 to
preserve the intent of testators and grantors of testamentary and inter vivos trusts
created prior to and after June 2, 1971, for charitable, educational, religious, and
benevolent purposes, by minimizing the imposition of federal income and excise
taxes, and federal estate and gift taxes, imposed upon the assets of such trusts,
and thereby preserving the maximum amount of the trust assets for the charitable,
educational, religious, and benevolent purposes for which they were intended. The
attorney general of this state shall perform such acts as, in his or her opinion, will
result in the effectuation of this declaration of purpose.

Legislative History

Source: L. 71: p. 589, � 1. C.R.S. 1963: � 57-10-1. L. 73: p. 638, � 1. L. 2016: Entire section amended, (HB 16-1094), ch. 94, p. 266, � 9, effective August 10.