§ 15-12-1414 — Delayed application

(1) Sections 15-12-1403 to 15-12-1407 shall
not apply to the estate of a decedent who dies on or within three years after August
10, 2011, nor to the estate of a decedent who dies more than three years after
August 10, 2011, if the decedent continuously lacked testamentary capacity from
the expiration of the three-year period after August 10, 2011, until the date of death.

(2) For the estate of a decedent who dies on or after August 10, 2011, to
which sections 15-12-1403 to 15-12-1407 do not apply, estate taxes shall be
apportioned pursuant to the law in effect immediately before August 10, 2011.

(3) The provisions of this part 14 may be adopted as applicable law in a
governing instrument at any time on or after August 10, 2011. The provisions of this
part 14 may be incorporated by reference, in whole or in part, into a governing
instrument at any time.

Legislative History

Source: L. 2011: Entire part added, (SB 11-165), ch. 184, p. 707, � 1, effective August 10.