Colo. Rev. Stat. § 15-5-201

Current through Chapter 519 of the 2024 Legislative Session and Chapter 2 of the 2024 First Extraordinary Session
Section 15-5-201 - Role of court in administration of trust
(1) The court may intervene in the administration of a trust to the extent its jurisdiction is invoked by an interested person or as provided by law.
(2) A trust is not subject to continuing judicial supervision unless ordered by the court.
(3) A judicial proceeding involving a trust may relate to any matter involving the trust's administration. Such matters may include, but are not limited to, proceedings involving:
(a) The appointment or removal of a trustee or trust director;
(b) Review of a trustee's fees or trust director's fees and review and settling of interim or final accountings;
(c) Requests for instruction;
(d) Declarations of rights;
(e) Determinations as to the creation, existence, and validity of all or part of a trust;
(f) The ascertainment of beneficiaries, and determinations of any other questions arising in the administration of distribution of any trust, including questions of construction in trust instruments, and the existence or nonexistence of any immunity, power, privilege, duty, or right;
(g) The registration or release of registration of a trust;
(h) A direction to compel or refrain from performing a particular act;
(i) The amendment, modification, revocation, or termination of a trust;
(j) The combination or division of trusts; or
(k) Equitable doctrines of cy pres, equitable deviation, and other principles of equity pertaining to charitable and other trusts.

C.R.S. § 15-5-201

Amended by 2019 Ch. 51, § 3, eff. 8/2/2019.
Added by 2018 Ch. 169, § 1, eff. 1/1/2019.
L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1153, § 1, effective 1/1/2019.