Colorado § 15-1.5-110 Determination of incapacity - effect

Colorado Statutes

§ 15-1.5-110 — Determination of incapacity - effect

Colorado § 15-1.5-110

Title 15Probate,

Art.Colorado Uniform Custodial Trust Act

This text of Colorado § 15-1.5-110 (Determination of incapacity - effect) 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. § 15-1.5-110 (2026).

Text

(1)The custodial trustee shall administer the custodial trust as for an incapacitated beneficiary if:

(a)The custodial trust was created under section 15-1.5-105;

(b)The transferor has so directed in the instrument creating the custodial trust; or

(c)The custodial trustee has determined that the beneficiary is incapacitated.

(2)A custodial trustee may determine that the beneficiary is incapacitated in reliance upon:

(a)Previous direction or authority given by the beneficiary while not incapacitated, including direction or authority pursuant to a durable power of attorney;

(b)The certificate of the beneficiary's physician; or

(c)Other persuasive evidence.

(3)If a custodial trustee for an incapacitated beneficiary reasonably concludes that the beneficiary's incapacity

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(1) The custodial trustee
shall administer the custodial trust as for an incapacitated beneficiary if:

(a) The custodial trust was created under section 15-1.5-105;

(b) The transferor has so directed in the instrument creating the custodial
trust; or

(c) The custodial trustee has determined that the beneficiary is
incapacitated.

(2) A custodial trustee may determine that the beneficiary is incapacitated in
reliance upon:

(a) Previous direction or authority given by the beneficiary while not
incapacitated, including direction or authority pursuant to a durable power of
attorney;

(b) The certificate of the beneficiary's physician; or

(c) Other persuasive evidence.

(3) If a custodial trustee for an incapacitated beneficiary reasonably
concludes that the beneficiary's incapacity has ceased, or that circumstances
concerning the beneficiary's ability to manage property and business affairs have
changed since the creation of a custodial trust directing administration as for an
incapacitated beneficiary, the custodial trustee may administer the trust as for a
beneficiary who is not incapacitated.

(4) On petition of the beneficiary, the custodial trustee, or other person
interested in the custodial trust property or the welfare of the beneficiary, the court
shall determine whether the beneficiary is incapacitated.

(5) Absent determination of incapacity of the beneficiary under subsection
(2) or (4) of this section, a custodial trustee who has reason to believe that the
beneficiary is incapacitated shall administer the custodial trust in accordance with
the provisions of this article applicable to an incapacitated beneficiary.

(6) Incapacity of a beneficiary does not terminate:

(a) The custodial trust;

(b) Any designation of a successor custodial trustee;

(c) Rights or powers of the custodial trustee; or

(d) Any immunities of third persons acting on instructions of the custodial
trustee.