Colorado’s Trust Decanting Statute

Colorado joined 23 other states when it enacted the Uniform Trust Decanting Act (“Act”) in 2016, C.R.S. §15-16-901, et seq. The Act provides a statutory framework for a trustee to modify an irrevocable trust based on the trustee’s discretionary power to make distributions.  (For lay persons, “revocable” trusts are trusts that can be changed; “irrevocable” […]