C.R.S. Section 15-5-206
Registration procedures and content of statement


(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.

Source: Section 15-5-206 — Registration procedures and content of statement, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-15.­pdf (accessed Oct. 20, 2023).

15‑5‑101
Short title
15‑5‑102
Scope
15‑5‑103
Definitions
15‑5‑104
Knowledge
15‑5‑105
Default and mandatory rules
15‑5‑106
Common law of trusts - principles of equity - other statutes
15‑5‑107
Governing law
15‑5‑108
Principal place of administration
15‑5‑109
Methods and waiver of notice in matters other than judicial proceedings
15‑5‑110
Others treated as qualified beneficiaries
15‑5‑111
Nonjudicial settlement agreements
15‑5‑112
Rules of construction
15‑5‑113
Alternate dispute resolution
15‑5‑114
Insurable interest of trustee - definition
15‑5‑201
Role of court in administration of trust
15‑5‑202
Jurisdiction over trustee and beneficiary
15‑5‑203
Subject matter jurisdiction
15‑5‑204
Venue
15‑5‑205
Registration of trusts
15‑5‑206
Registration procedures and content of statement
15‑5‑207
Effect of failure to register
15‑5‑208
Registration - qualification of a foreign trustee
15‑5‑209
Release of trust registration statement
15‑5‑210
Judicially approved settlements
15‑5‑301
Representation - basic effect
15‑5‑301.5
Scope of representative’s authority and duty of certain representatives - definitions
15‑5‑302
Representation by a holder of general testamentary power of appointment
15‑5‑303
Representation by fiduciaries and parents
15‑5‑304
Representation by person having substantially identical interest
15‑5‑305
Appointment of representative
15‑5‑401
Methods of creating trust
15‑5‑402
Requirements for creation
15‑5‑403
Trusts created in other jurisdictions
15‑5‑404
Trust purposes
15‑5‑405
Charitable purposes - enforcement
15‑5‑406
Creation of trust induced by fraud, duress, or undue influence
15‑5‑407
Evidence of oral trust
15‑5‑408
Trust for care of an animal
15‑5‑409
Noncharitable trust without ascertainable beneficiary
15‑5‑409.5
Additional provisions applicable to noncharitable trusts without ascertainable beneficiary and trusts for care of animal
15‑5‑410
Modification or termination of trust - proceedings for approval or disapproval
15‑5‑411
Modification or termination of noncharitable irrevocable trust by consent
15‑5‑412
Modification or termination because of unanticipated circumstances or inability to administer trust effectively
15‑5‑413
Cy pres
15‑5‑414
Modification or termination of uneconomic trust
15‑5‑415
Reformation to correct mistakes
15‑5‑416
Modification to achieve settlor’s tax objectives
15‑5‑417
Combination and division of trusts
15‑5‑501
Rights of beneficiary’s creditor or assignee
15‑5‑502
Spendthrift provision
15‑5‑503
Exceptions to spendthrift provision - definitions
15‑5‑504
Discretionary trusts - effect of standard - definitions
15‑5‑505
Creditor’s claim against a settlor
15‑5‑506
Overdue distribution - definition
15‑5‑507
Personal obligations of trustee
15‑5‑508
Application of part
15‑5‑602
Revocation or amendment of revocable trust
15‑5‑603
Settlor’s powers
15‑5‑604
Limitation on action contesting validity of revocable trust
15‑5‑701
Accepting or declining trusteeship
15‑5‑702
Trustee’s bond
15‑5‑703
Cotrustees
15‑5‑704
Vacancy in trusteeship - appointment of successor
15‑5‑705
Resignation of trustee
15‑5‑706
Removal of trustee
15‑5‑707
Delivery of property by former trustee
15‑5‑708
Compensation of trustee
15‑5‑709
Reimbursement of expenses
15‑5‑801
Duty to administer trust
15‑5‑802
Duty of loyalty
15‑5‑803
Impartiality
15‑5‑804
Prudent administration
15‑5‑805
Costs of administration
15‑5‑806
Trustee’s skills
15‑5‑807
Delegation by trustee
15‑5‑808
Powers to direct
15‑5‑809
Control and protection of trust property
15‑5‑810
Record keeping and identification of trust property
15‑5‑811
Enforcement and defense of claims
15‑5‑812
Collecting trust property
15‑5‑813
Duty to inform and report
15‑5‑814
Discretionary powers - tax savings
15‑5‑815
General powers of trustee
15‑5‑816
Specific powers of trustee
15‑5‑817
Distribution on termination
15‑5‑818
Reimbursement for taxes - definitions
15‑5‑1001
Remedies for breach of trust
15‑5‑1002
Damages for breach of trust
15‑5‑1003
Damages in absence of breach
15‑5‑1004
Compensation and costs
15‑5‑1005
Limitation of actions against trustee
15‑5‑1006
Reliance on trust instrument
15‑5‑1007
Event affecting administration or distribution
15‑5‑1008
Exculpation of trustee
15‑5‑1009
Beneficiary’s consent, release, or ratification
15‑5‑1010
Limitation on personal liability of trustee
15‑5‑1011
Interest as a general partner
15‑5‑1012
Protection of person dealing with trustee
15‑5‑1013
Certification of trust
15‑5‑1301
Life insurance policy owned by a trustee - definition
15‑5‑1401
Uniformity of application and construction
15‑5‑1402
Electronic records and signatures
15‑5‑1403
Severability clause
15‑5‑1404
Application to existing relationships
Green check means up to date. Up to date

Current through Fall 2024

§ 15-5-206’s source at colorado​.gov