Colorado § 15-14-734 Estates, trusts, and other beneficial interests

Colorado Statutes

§ 15-14-734 — Estates, trusts, and other beneficial interests

Colorado·Title 15 Probate,·Art. Persons Under Disability - Protection

(1)In this section, estate, trust, or other beneficial interest means a trust, probate estate, guardianship, conservatorship, escrow, or custodianship or a fund from which the principal is, may become, or claims to be, entitled as a beneficiary to a share or payment.

(2)Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to estates, trusts, and other beneficial interests authorizes the agent to:

(a)Accept, receive, receipt for, sell, assign, pledge, or exchange a share in or payment from an estate, trust, or other beneficial interest;

(b)Demand or obtain money or another thing of value to which the principal is, may become, or claims to be, entitled by reason of an estate, trust, or other beneficial intere

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(1) In this section,
estate, trust, or other beneficial interest means a trust, probate estate,
guardianship, conservatorship, escrow, or custodianship or a fund from which the
principal is, may become, or claims to be, entitled as a beneficiary to a share or
payment.

(2) Unless the power of attorney otherwise provides, language in a power of
attorney granting general authority with respect to estates, trusts, and other
beneficial interests authorizes the agent to:

(a) Accept, receive, receipt for, sell, assign, pledge, or exchange a share in or
payment from an estate, trust, or other beneficial interest;

(b) Demand or obtain money or another thing of value to which the principal
is, may become, or claims to be, entitled by reason of an estate, trust, or other
beneficial interest, by litigation or otherwise;

(c) Exercise for the benefit of the principal a presently exercisable general
power of appointment held by the principal;

(d) Initiate, participate in, submit to alternative dispute resolution, settle,
oppose, or propose or accept a compromise with respect to litigation to ascertain
the meaning, validity, or effect of a deed, will, declaration of trust, or other
instrument or transaction affecting the interest of the principal;

(e) Initiate, participate in, submit to alternative dispute resolution, settle,
oppose, or propose or accept a compromise with respect to litigation to remove,
substitute, or surcharge a fiduciary;

(f) Conserve, invest, disburse, or use anything received for an authorized
purpose; and

(g) Transfer an interest of the principal in real property, stocks and bonds,
accounts with financial institutions or securities intermediaries, insurance,
annuities, and other property to the trustee of a revocable trust created by the
principal as settlor.

(h) (Deleted by amendment, L. 2011, (SB 11-083), ch. 101, p. 306, � 14, effective
August 10, 2011.)

Colorado § 15-14-734 (Estates, trusts, and other beneficial interests) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2009: Entire part added, (HB 09-1198), ch. 106, p. 405, � 1, effective April 9. L. 2011: (2)(f), (2)(g), and (2)(h) amended, (SB 11-083), ch. 101, p. 306, � 14, effective August 10.