Colorado § 15-10-601 Definitions

Colorado Statutes

§ 15-10-601 — Definitions

Colorado·Title 15 Probate,·Art. General Provisions, Definitions,

As used in this part 6, unless the context otherwise requires:

(1)Estate means the property of the decedent, trust, or other person whose affairs are subject to this code or any code included as part of this title 15 as the estate is originally constituted and as the estate exists from time to time during administration. Estate includes custodial property as described in the Colorado Uniform Transfers to Minors Act, article 50 of title 11; custodial trust property as described in the Colorado Uniform Custodial Trust Act, article 1.5 of this title 15; and the property of a principal that is subject to a power of attorney.

(2)Fiduciary means:

(a)A personal representative, guardian, conservator, trust director, or trustee;

(b)A custodian as described in the Colorado Uniform Tr

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As used in this part 6, unless the context otherwise
requires:

(1) Estate means the property of the decedent, trust, or other person whose
affairs are subject to this code or any code included as part of this title 15 as the
estate is originally constituted and as the estate exists from time to time during
administration. Estate includes custodial property as described in the Colorado
Uniform Transfers to Minors Act, article 50 of title 11; custodial trust property as
described in the Colorado Uniform Custodial Trust Act, article 1.5 of this title 15;
and the property of a principal that is subject to a power of attorney.

(2) Fiduciary means:

(a) A personal representative, guardian, conservator, trust director, or
trustee;

(b) A custodian as described in the Colorado Uniform Transfers to Minors
Act, article 50 of title 11, C.R.S.;

(c) A custodial trustee as described in the Colorado Uniform Custodial Trust
Act, article 1.5 of this title;

(d) An agent as defined in sections 15-10-201 (1), 15-14-602 (3), and 15-14-702
(1); and

(e) A public administrator as described in section 15-12-619.

(3) (a) Governing instrument means a will or a trust or a donative,
appointive, or nominative instrument of any other type, including but not limited to:

(I) An instrument that creates a custodial transfer as described in the
Colorado Uniform Transfers to Minors Act, article 50 of title 11, C.R.S.;

(II) A custodial trust as described in the Colorado Uniform Custodial Trust
Act, article 1.5 of this title;

(III) A medical durable power of attorney as described in section 15-14-506;

(IV) An agency instrument as defined in section 15-14-602 (2);

(V) A power of attorney as defined in section 15-14-702 (7);

(VI) A court order appointing a guardian as described in parts 2 and 3 of
article 14 of this title; and

(VII) A court order appointing a conservator as described in part 4 of article
14 of this title.

(b) Governing instrument does not include a deed; an insurance or annuity
policy; a multiple-party account; a security registered in beneficiary form; a
pension; a profit-sharing, retirement, or similar benefit plan; or an individual
retirement account.

Colorado § 15-10-601 (Definitions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2011: Entire part added, (SB 11-083), ch. 101, p. 295, � 1, effective August 10. L. 2018: (1) amended, (SB 18-180), ch. 169, p. 1193, � 9, effective January 1, 2019. L. 2019: (2)(a) amended, (SB 19-105), ch. 51, p. 176, � 12, effective August 2.