C.R.S. Section 11-50-107
Other transfer by fiduciary


(1)

Subject to subsection (3) of this section, a personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for the benefit of a minor pursuant to section 11-50-110, in the absence of a will or under a will or trust that does not contain an authorization to do so.

(2)

Subject to subsection (3) of this section, a conservator may make an irrevocable transfer to another adult or trust company as custodian for the benefit of the minor pursuant to section 11-50-110.

(3)

A transfer under subsection (1) or (2) of this section may be made only if:

(a)

The personal representative, trustee, or conservator considers the transfer to be in the best interest of the minor;

(b)

The transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement, or other governing instrument; and

(c)

The transfer is authorized by the court if it exceeds ten thousand dollars in value.

Source: Section 11-50-107 — Other transfer by fiduciary, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-11.­pdf (accessed Oct. 20, 2023).

Green check means up to date. Up to date

Current through Fall 2024

§ 11-50-107’s source at colorado​.gov