Colorado § 15-5-603 Settlor's powers

Colorado Statutes

§ 15-5-603 — Settlor's powers

Colorado·Title 15 Probate,·Art. Colorado Uniform Trust Code

(1)To the extent a trust is revocable by a settlor, a trustee may follow a direction of the settlor that is contrary to the terms of the trust. To the extent a trust is revocable by a settlor in conjunction with a person other than a trustee or person holding an adverse interest, the trustee may follow a direction from the settlor and the other person holding the power to revoke, even if the direction is contrary to the terms of the trust.

(2)To the extent a trust is revocable, rights of the beneficiaries are subject to the control of, and the duties of the trustee are owed exclusively to, the settlor.

(3)During the period the power may be exercised, the holder of a power of withdrawal has the rights of a settlor of a revocable trust under this section to the extent of the pro

Free access — add to your briefcase to read the full text and ask questions with AI

(1) To the extent a trust is revocable by a
settlor, a trustee may follow a direction of the settlor that is contrary to the terms
of the trust. To the extent a trust is revocable by a settlor in conjunction with a
person other than a trustee or person holding an adverse interest, the trustee may
follow a direction from the settlor and the other person holding the power to
revoke, even if the direction is contrary to the terms of the trust.

(2) To the extent a trust is revocable, rights of the beneficiaries are subject
to the control of, and the duties of the trustee are owed exclusively to, the settlor.

(3) During the period the power may be exercised, the holder of a power of
withdrawal has the rights of a settlor of a revocable trust under this section to the
extent of the property subject to the power.

Colorado § 15-5-603 (Settlor's powers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1167, � 1, effective January 1, 2019. L. 2019: Entire section amended, (SB 19-105), ch. 51, p. 174, � 7, effective August 2.