§ 15-5-206 — Registration procedures and content of statement

Colorado § 15-5-206

• Jurisdiction: Colorado
• Title 15: Probate,
• Art.: Colorado Uniform Trust Code

Text

(1)
Registration may be accomplished by filing a trust registration statement with the
court as described in section 15-5-205 indicating the name and address of the
trustee in which the trustee acknowledges the trusteeship. The statement must
indicate whether the trust has been registered elsewhere, if known.

(2) The statement must identify the trust as follows:

(a) In the case of a testamentary trust, by the name of the testator and the
date and place of domiciliary probate;

(b) In the case of a written inter vivos trust, by the name of each settlor and
the original trustee and the date of the trust instrument; or

(c) In the case of an oral trust, by information identifying the settlor or other
source of funds or assets and describing the time and manner of the trust's creation
and the terms of the trust, including the subject matter, beneficiaries, and time of
performance.

(3) Within sixty days after filing the trust registration statement, the trustee
shall notify in writing all cotrustees, qualified beneficiaries, and other fiduciaries
and persons having authority to act under the terms of the trust. For purposes of
privacy, the names of qualified beneficiaries may be redacted from the copy of the
statement filed with the court or provided to other qualified beneficiaries.

(4) The trust registration statement must contain language indicating that,
because a court will not routinely review or adjudicate matters unless it is
specifically requested to do so by a beneficiary, creditor, or other interested person,
all interested persons, including beneficiaries and creditors, have the responsibility
to protect their own rights and interests in the trust estate.

(5) If a trust has been registered in a foreign court, registration in this state
is ineffective to the extent it is inconsistent with the foreign registration until the
earlier registration is released, or an instrument executed by the trustee and all
qualified beneficiaries is filed with the registration in this state.

Legislative History

Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1155, � 1, effective January 1, 2019.