Colorado § 15-1.5-106 Multiple beneficiaries - separate custodial trusts - survivorship

Colorado Statutes

§ 15-1.5-106 — Multiple beneficiaries - separate custodial trusts - survivorship

Colorado § 15-1.5-106

Title 15Probate,

Art.Colorado Uniform Custodial Trust Act

This text of Colorado § 15-1.5-106 (Multiple beneficiaries - separate custodial trusts - survivorship) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 15-1.5-106 (2026).

Text

(1)Beneficial interests in a custodial trust created for multiple beneficiaries are deemed to be separate custodial trusts of equal undivided interests for each beneficiary. Except in a transfer or declaration for use and benefit of husband and wife, for whom survivorship is presumed, a right of survivorship does not exist unless the instrument creating the custodial trust specifically provides for survivorship.

(2)Custodial trust property held under this article by the same custodial trustee for the use and benefit of the same beneficiary may be administered as a single custodial trust.

(3)A custodial trustee of custodial trust property held for more than one beneficiary shall separately account to each beneficiary pursuant to sections 15-1.5-107 and 15-1.5-115 for the admini

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(1) Beneficial interests in a custodial trust created for multiple beneficiaries are
deemed to be separate custodial trusts of equal undivided interests for each
beneficiary. Except in a transfer or declaration for use and benefit of husband and
wife, for whom survivorship is presumed, a right of survivorship does not exist
unless the instrument creating the custodial trust specifically provides for
survivorship.

(2) Custodial trust property held under this article by the same custodial
trustee for the use and benefit of the same beneficiary may be administered as a
single custodial trust.

(3) A custodial trustee of custodial trust property held for more than one
beneficiary shall separately account to each beneficiary pursuant to sections 15-1.5-107 and 15-1.5-115 for the administration of the custodial trust.